---
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"
generated_at: "2026-06-14T10:09:01.029373+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sonic Foundry amends loan with chair Burish, defers payments, adds $2M capacity

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-016248
- form_type: 8-K
- cik: 0001029744
- company_name: SONIC FOUNDRY INC
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-016248
- JSON: https://secwatch.observer/filing/0001437749-23-016248.json
- Plain text: https://secwatch.observer/filing/0001437749-23-016248.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: increase to the original principal amount of $3,000,000 by up to an additional $2,000,000
  - Counterparty: Mark Burish
  - Rate: 12% rate of interest per annum
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1029744/000143774923016248/0001437749-23-016248-index.htm

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