secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0001437749-22-017422
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starco Brands amends $100K promissory note with CEO; extends maturity to July 2023, waives default interest
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- First Amended and Restated Promissory Note for $100,000 principal with CEO Ross Sklar.
- Maturity extended to July 19, 2023; original note matured Jan 24, 2022.
- Default interest rate of 10% waived for period Jan-Jul 2022; interest set at 4%.
- Company may prepay without penalty; default rate 10% if not repaid at maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000143774922017422/0001437749-22-017422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000143774922017422/stcb20220719_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017422

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer