---
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"
generated_at: "2026-06-14T14:01:17.881482+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Sonic Foundry enters loan amendment with NBE, defers monthly payment with $20k fee

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-015830
- form_type: 8-K
- cik: 0001029744
- company_name: SONIC FOUNDRY INC
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-015830
- JSON: https://secwatch.observer/filing/0001437749-23-015830.json
- Plain text: https://secwatch.observer/filing/0001437749-23-015830.txt

## Key facts
- Debt Financings
  SONIC FOUNDRY INC amended credit facility with Neltjeberg Bay Enterprises, LLC.
  - Instrument: credit facility
  - Counterparty: Neltjeberg Bay Enterprises, LLC
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1029744/000143774923015830/0001437749-23-015830-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.