---
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"
generated_at: "2026-06-07T05:01:35.462616+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sonic Foundry increases borrowing from board chair Burish by $500K to $6M at 12% interest

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-000136
- form_type: 8-K
- cik: 0001029744
- company_name: SONIC FOUNDRY INC
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-000136
- JSON: https://secwatch.observer/filing/0001437749-24-000136.json
- Plain text: https://secwatch.observer/filing/0001437749-24-000136.txt

## Key facts
- Debt Financings
  SONIC FOUNDRY INC amended debt of $6,000,000 with Mark Burish at 12% per annum.
  - Principal: $6,000,000
  - Counterparty: Mark Burish
  - Rate: 12% per annum
  - Event: amendment
  source text: The Burish Third Amendment provides for an increase to the principal amount by $500,000 from $5,500,000 to $6,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1029744/000143774924000136/0001437749-24-000136-index.htm

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