{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-016248","form_type":"8-K","ticker":null,"cik":"0001029744","company_name":"SONIC FOUNDRY INC","filed_at":"2023-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.681168+00:00","generated_at":"2026-06-14T10:09:01.029373+00:00","sec_items":["2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sonic Foundry amends loan with chair Burish, defers payments, adds $2M capacity","bullets":["Deferral of monthly payment with a $10,909 fee effective June 1, 2023.","Original $3M principal can be increased by up to $2M in tranches at 12% interest.","Burish may cancel deferral fee after Sept 1, 2023, restoring full monthly payments.","Amendment with board chair Mark Burish; terms recalculated on final principal."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-016248","json":"https://secwatch.observer/filing/0001437749-23-016248.json","markdown":"https://secwatch.observer/filing/0001437749-23-016248.md","text":"https://secwatch.observer/filing/0001437749-23-016248.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1029744/000143774923016248/0001437749-23-016248-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1029744/000143774923016248/sofo20230530_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T10:09:01.029373+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":"a9dd48980abdad44f7265bdc9fa50541c6c512d1","claim":"SONIC FOUNDRY INC incurred loan of increase to the original principal amount of $3,000,000 by up to an additional $2,000,000 with Mark Burish at 12% rate of interest per annum.","evidence_excerpt":"The Burish Amendment further provides for an increase to the original principal amount of $3,000,000 by up to an additional $2,000,000 in one or more tranches. Such additional borrowings are subject to the same 12% rate of interest per annum.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1029744/000143774923016248/0001437749-23-016248-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"increase to the original principal amount of $3,000,000 by up to an additional $2,000,000"},{"label":"Counterparty","value":"Mark Burish"},{"label":"Rate","value":"12% rate of interest per annum"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}