{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-000136","form_type":"8-K","ticker":null,"cik":"0001029744","company_name":"SONIC FOUNDRY INC","filed_at":"2024-01-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.154478+00:00","generated_at":"2026-06-07T05:01:35.462616+00:00","sec_items":["2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Sonic Foundry increases borrowing from board chair Burish by $500K to $6M at 12% interest","bullets":["Third Amendment increases principal to $6M; additional $500K funded on Dec 27, 2023.","Interest rate remains 12% per annum; terms unchanged from prior agreements.","Borrowing from board chair Mark Burish; regular monthly payments to be recalculated."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-000136","json":"https://secwatch.observer/filing/0001437749-24-000136.json","markdown":"https://secwatch.observer/filing/0001437749-24-000136.md","text":"https://secwatch.observer/filing/0001437749-24-000136.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1029744/000143774924000136/0001437749-24-000136-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1029744/000143774924000136/sofo20240102_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T05:01:35.462616+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":"dd134c5f94f3625288a38fcfdfc1715e4e9f0f1a","claim":"SONIC FOUNDRY INC amended debt of $6,000,000 with Mark Burish at 12% per annum.","evidence_excerpt":"The Burish Third Amendment provides for an increase to the principal amount by $500,000 from $5,500,000 to $6,000,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1029744/000143774924000136/0001437749-24-000136-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$6,000,000"},{"label":"Counterparty","value":"Mark Burish"},{"label":"Rate","value":"12% per annum"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}