secwatch.observer — SEC 8-K summary
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Issuer:     SONIC FOUNDRY INC (—)
CIK:        0001029744
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001437749-24-000136
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1029744/000143774924000136/0001437749-24-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1029744/000143774924000136/sofo20240102_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-000136

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer