{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-015830","form_type":"8-K","ticker":null,"cik":"0001029744","company_name":"SONIC FOUNDRY INC","filed_at":"2023-05-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.680962+00:00","generated_at":"2026-06-14T14:01:17.881482+00:00","sec_items":["2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Sonic Foundry enters loan amendment with NBE, defers monthly payment with $20k fee","bullets":["On May 19, 2023, Sonic Foundry amended its loan agreement with Neltjeberg Bay Enterprises (NBE) effective May 18, 2023.","Amendment defers a Regular Monthly Payment and imposes a $20,000 Deferral Fee beginning June 1, 2023.","NBE may cancel the deferral after September 1, 2023, requiring full recalculated monthly payments thereafter."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-015830","json":"https://secwatch.observer/filing/0001437749-23-015830.json","markdown":"https://secwatch.observer/filing/0001437749-23-015830.md","text":"https://secwatch.observer/filing/0001437749-23-015830.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1029744/000143774923015830/0001437749-23-015830-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1029744/000143774923015830/sofo20230522_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T14:01:17.881482+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":[{"claim_id":"a73347c84dbcfbcd60d17e6cf3ac21515e17fb01","claim":"SONIC FOUNDRY INC amended credit facility with Neltjeberg Bay Enterprises, LLC.","evidence_excerpt":"On May 19, 2023, Sonic Foundry, Inc. (the “Company”) entered into an Amendment to Loan and Security Agreement (the \"NBE Amendment\") with Neltjeberg Bay Enterprises, LLC (\"NBE\") and effective May 18, 2023 whereby the NBE Amendment provides for deferral of a Regular Monthly Payment amount with the payment of a $20,000 Deferral Fee, beginning June 1, 2023.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1029744/000143774923015830/0001437749-23-015830-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Neltjeberg Bay Enterprises, LLC"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}