--- schema_version: "secwatch.filing_event.v1" accession: "0001437749-23-026306" form_type: "8-K" ticker: "PRKR" cik: "0000914139" company_name: "PARKERVISION INC" filed_at: "2023-09-19T23:59:59+00:00" generated_at: "2026-06-10T14:20:23.064575+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.45 calibrated_materiality_score: 0.45 confidence: "high" source: SEC EDGAR --- # ParkerVision amends notes to lower conversion price to $0.25, extends maturity; issues $100K note to director ## Summary - Amended $425K notes: conversion price cut from $0.57 to $0.25/share, maturity extended to March 18, 2026. - Amended $750K notes: maturity extended to Feb/Mar 2026; conversion price unchanged at $0.25. - Issued $100K 8% convertible note to director Paul Rosenbaum, convertible at $0.25/share, due March 15, 2026. - Shareholders elected Sanford Litvack, Jeffrey Parker (Class I) and Lewis Titterton (Class II) as directors. - Advisory vote on executive compensation passed with 11.8M for vs 2.2M against; auditor MSL P.A. ratified. ## SEC filing metadata - accession: 0001437749-23-026306 - form_type: 8-K - ticker: PRKR - cik: 0000914139 - company_name: PARKERVISION INC - filed_at: 2023-09-19T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.45 - calibrated_materiality_score: 0.45 - confidence: high - sec_items: 1.01, 2.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/914139/000143774923026306/0001437749-23-026306-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914139/000143774923026306/prkr20230918_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001437749-23-026306 - JSON: https://secwatch.observer/filing/0001437749-23-026306.json - Plain text: https://secwatch.observer/filing/0001437749-23-026306.txt ## Key facts - Debt Financings PARKERVISION INC incurred convertible notes of $100,000 with Paul Rosenbaum at 8% per annum maturing March 15, 2026. - Instrument: convertible notes - Principal: $100,000 - Counterparty: Paul Rosenbaum - Rate: 8% per annum - Maturity: March 15, 2026 - Event: incurrence source text: Agreement ”) with Paul Rosenbaum, a Company director, which provides for the sale of an unsecured convertible promissory note (the “ Note ”) with an aggregate face value of $100,000. The Note is convertible at any time and from time to time by the holder into shares of Common Stock at a fixed conversion price of $0.25 per share. Any unconverted, evidence_url: https://www.sec.gov/Archives/edgar/data/914139/000143774923026306/0001437749-23-026306-index.htm - Debt Financings PARKERVISION INC amended convertible notes of $750,000 with accredited investors at unchanged maturing February 28, 2026 and March 13, 2026. - Instrument: convertible notes - Principal: $750,000 - Counterparty: accredited investors - Rate: unchanged - Maturity: February 28, 2026 and March 13, 2026 - Event: amendment source text: the Company amended convertible promissory notes dated February 28, 2019 and March 13, 2019 with an aggregate face value of $750,000 held by accredited investors to extend the maturity dates from February 28, 2024 and March 13, 2024 to February 28, 2026 and March 13, 2026, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/914139/000143774923026306/0001437749-23-026306-index.htm - Debt Financings PARKERVISION INC amended convertible notes of $425,000 with accredited investors at 8% per annum maturing March 18, 2026. - Instrument: convertible notes - Principal: $425,000 - Counterparty: accredited investors - Rate: 8% per annum - Maturity: March 18, 2026 - Event: amendment source text: Definitive Agreement On September 15, 2023, ParkerVision, Inc. (the "Company") amended convertible promissory notes dated September 18, 2018, with an aggregate face value of $425,000 held by accredited investors. The notes were convertible into shares of the Company’s common stock (“Common Stock”) at a conversion price of $0.57 per share and had an original evidence_url: https://www.sec.gov/Archives/edgar/data/914139/000143774923026306/0001437749-23-026306-index.htm - Material Agreements PARKERVISION INC amended Convertible Promissory Notes dated February 28, 2019 and March 13, 2019 with accredited investors valued at aggregate face value of $750,000 (effective 2023-09-15). - Action: amendment - Agreement: credit facility - Counterparty: accredited investors - Value: aggregate face value of $750,000 - Effective: 2023-09-15 source text: On September 15, 2023, the Company amended convertible promissory notes dated February 28, 2019 and March 13, 2019 with an aggregate face value of $750,000 held by accredited investors to extend the maturity dates from February 28, 2024 and March 13, 2024 to February 28, 2026 and March 13, 2026, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/914139/000143774923026306/0001437749-23-026306-index.htm - Material Agreements PARKERVISION INC entered into Securities Purchase Agreement and Unsecured Convertible Promissory Note with Paul Rosenbaum valued at aggregate face value of $100,000 (effective 2023-09-15). - Action: entry - Agreement: credit facility - Counterparty: Paul Rosenbaum - Value: aggregate face value of $100,000 - Effective: 2023-09-15 source text: on September 15, 2023, the Company entered into a securities purchase agreement (the “ Purchase Agreement ”) with Paul Rosenbaum, a Company director, which provides for the sale of an unsecured convertible promissory note (the “ Note ”) with an aggregate face value of $100,000. evidence_url: https://www.sec.gov/Archives/edgar/data/914139/000143774923026306/0001437749-23-026306-index.htm - Material Agreements PARKERVISION INC amended Convertible Promissory Notes dated September 18, 2018 with accredited investors valued at aggregate face value of $425,000 (effective 2023-09-15). - Action: amendment - Agreement: credit facility - Counterparty: accredited investors - Value: aggregate face value of $425,000 - Effective: 2023-09-15 source text: On September 15, 2023, ParkerVision, Inc. (the "Company") amended convertible promissory notes dated September 18, 2018, with an aggregate face value of $425,000 held by accredited investors. The notes were convertible into shares of the Company’s common stock (“Common Stock”) at a conversion price of $0.57 per share and had an original maturity date of September 18, 2023. The notes were amended to reduce the conversion price to $0.25 per share and extend the maturity date by thirty months, or until March 18, 2026. evidence_url: https://www.sec.gov/Archives/edgar/data/914139/000143774923026306/0001437749-23-026306-index.htm - Shareholder Votes PARKERVISION INC shareholders approved Advisory vote on named executive officer compensation at the 2023-09-15 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-09-15 source text: Proposal 2 The Company’s shareholders approved, on an advisory basis, the Company’s named executive officer compensation. The voting results are set forth below. Votes For Votes Against Votes Abstained Broker Non-Vote 11,794,480 2,156,544 1,414,524 36,533,470 evidence_url: https://www.sec.gov/Archives/edgar/data/914139/000143774923026306/0001437749-23-026306-index.htm - Shareholder Votes PARKERVISION INC shareholders approved Ratification of MSL, P.A. as independent registered public accounting firm at the 2023-09-15 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-09-15 source text: Proposal 3 The Company’s shareholders ratified the selection of MSL, P.A. as the Company’s independent registered public accounting firm for the year ending December 31, 2023. The voting results are set forth below. Votes For Votes Against Votes Abstained Broker Non-Vote 51,614,069 38,779 246,170 N/A evidence_url: https://www.sec.gov/Archives/edgar/data/914139/000143774923026306/0001437749-23-026306-index.htm - Shareholder Votes PARKERVISION INC shareholders approved Election of Directors at the 2023-09-15 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-09-15 source text: Proposal 1 The Company’s shareholders elected the following Class I Director to serve for a term expiring at the 2026 annual meeting. The voting results are set forth below. Votes For Votes Against Votes Withheld Broker Non-Vote Sanford M. Litvack 14,870,661 0 494,887 36,533,470 Jeffrey L. Parker 14,422,390 0 943,158 36,533,470 The Company’s shareholders also elected the following Class II Director to serve for the remaining Class II term expiring at the 2024 annual meeting. Votes For Votes Against Votes Withheld Broker Non-Vote Lewis H. Titterton 14,026,129 0 1,339,419 36,533,470 evidence_url: https://www.sec.gov/Archives/edgar/data/914139/000143774923026306/0001437749-23-026306-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.