secwatch.observer — SEC 8-K summary
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Issuer:     SONIC FOUNDRY INC (—)
CIK:        0001029744
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001437749-23-016248
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1029744/000143774923016248/0001437749-23-016248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1029744/000143774923016248/sofo20230530_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-016248

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