{"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","headline":"Schmitt Industries gets default notice on $4.28M in notes from Sententia Capital","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001398344-26-009935","json":"https://secwatch.observer/filing/0001398344-26-009935.json","markdown":"https://secwatch.observer/filing/0001398344-26-009935.md","text":"https://secwatch.observer/filing/0001398344-26-009935.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/922612/000139834426009935/0001398344-26-009935-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/922612/000139834426009935/fp0099099-2_8kixbrl.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T20:46:14.770534+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"comparable_filings":[{"accession":"0001415404-26-000020","ticker":null,"company_name":"Hughes Satellite Systems Corp","filed_at":"2026-06-01T12:21:01+00:00","headline":"EchoStar skips ~$183M interest payment on DBS Notes; 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$16.1M debt at risk of acceleration","event_type":"debt","sec_items":["2.04","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same SEC item: 2.04","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-045167","json":"https://secwatch.observer/filing/0001213900-26-045167.json","markdown":"https://secwatch.observer/filing/0001213900-26-045167.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1852973/000121390026045167/0001213900-26-045167-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1852973/000121390026045167/ea0286758-8k_borealis.htm"},"side_by_side_evidence":null},{"accession":"0001193125-26-142071","ticker":"MFIN","company_name":"MEDALLION FINANCIAL CORP","filed_at":"2026-04-03T23:59:59+00:00","headline":"MFIN subsidiary Medallion Capital in SBA debenture default; $73.5M at risk","event_type":"debt","sec_items":["2.04"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same SEC item: 2.04","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-142071","json":"https://secwatch.observer/filing/0001193125-26-142071.json","markdown":"https://secwatch.observer/filing/0001193125-26-142071.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000209/000119312526142071/0001193125-26-142071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000209/000119312526142071/mfin-20260331.htm"},"side_by_side_evidence":null},{"accession":"0001493152-26-007974","ticker":null,"company_name":"Permex Petroleum Corp","filed_at":"2026-02-25T23:59:59+00:00","headline":"Permex receives $4.28M debenture default notice, CEO resigns, annual financials unfiled","event_type":"debt","sec_items":["2.04","5.02","8.01","9.01"],"materiality_score":0.9,"calibrated_materiality_score":0.9,"match_reasons":["same SEC item: 2.04","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-007974","json":"https://secwatch.observer/filing/0001493152-26-007974.json","markdown":"https://secwatch.observer/filing/0001493152-26-007974.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1922639/000149315226007974/0001493152-26-007974-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1922639/000149315226007974/form8-k.htm"},"side_by_side_evidence":null}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}