---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-001742"
form_type: "8-K"
ticker: "SYPR"
cik: "0000864240"
company_name: "SYPRIS SOLUTIONS INC"
filed_at: "2025-01-24T23:59:59+00:00"
generated_at: "2026-05-27T12:37:09.260874+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sypris Solutions extends $9M promissory note with CEO-related entity to April 2028

## Summary
- Amended and restated $9M promissory note with Gill Family Capital Management (controlled by CEO Jeffrey Gill and director R. Scott Gill) effective Jan 20, 2025.
- Maturity extended by one year to April 1, 2028; principal due: $2M Apr 1, 2026, $2M Apr 1, 2027, $5M balance Apr 1, 2028.
- Interest rate variable: greater of 8% or 500 bps above 5-year Treasury; reset annually; default rate 10%.
- Note secured by first-priority security interest in all assets of Sypris and its subsidiaries; additional purchase-money debt permitted.
- No new funds advanced; existing debt restructured, extending repayment timeline.

## SEC filing metadata
- accession: 0001437749-25-001742
- form_type: 8-K
- ticker: SYPR
- cik: 0000864240
- company_name: SYPRIS SOLUTIONS INC
- filed_at: 2025-01-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864240/000143774925001742/0001437749-25-001742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864240/000143774925001742/sypr20250122_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-001742
- JSON: https://secwatch.observer/filing/0001437749-25-001742.json
- Plain text: https://secwatch.observer/filing/0001437749-25-001742.txt

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