secwatch / observer

8-K filed May 28, 2026, 4:42 PM ET CIK 0000922612

debt confidence high sentiment negative materiality 0.85

Schmitt Industries gets default notice on $4.28M in notes from Sententia Capital

SCHMITT INDUSTRIES INC

On May 11, 2026, Schmitt received Notice of Default from Sententia Capital Management LLC claiming total obligation of $4,280,626.78.
Obligation includes $2,638,885.21 under Consolidated Promissory Note dated July 14, 2023.
Also includes $402,131.51 under 12% Secured Convertible Promissory Note issued by subsidiary Schmitt Measurement Systems.
Notes are secured by Stock Pledge Agreement and Security Agreement; default may accelerate repayment.

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001398344-26-009935
form_type: 8-K
ticker: null
cik: 0000922612
company_name: SCHMITT INDUSTRIES INC
filed_at: 2026-05-28T20:42:50+00:00
discovered_at: 2026-05-28T20:44:00.492568+00:00
generated_at: 2026-05-28T20:46:14.770534+00:00
sec_items: ["2.04"]
event_type: debt
sentiment: negative
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001398344-26-009935
json_url: https://secwatch.observer/filing/0001398344-26-009935.json
markdown_url: https://secwatch.observer/filing/0001398344-26-009935.md
text_url: https://secwatch.observer/filing/0001398344-26-009935.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/922612/000139834426009935/0001398344-26-009935-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/922612/000139834426009935/fp0099099-2_8kixbrl.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

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Source: SEC EDGAR

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