{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-038181","form_type":"8-K","ticker":"NAII","cik":"0000787253","company_name":"NATURAL ALTERNATIVES INTERNATIONAL INC","filed_at":"2025-12-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.159591+00:00","generated_at":"2026-05-16T12:58:52.522380+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"NAI obtains Wells Fargo waiver for loan covenant defaults after Q1 net loss exceeded $250K cap","bullets":["Q1 FY2026 breached maximum net loss covenant (actual loss >$250K) and fixed charge coverage ratio (<1.0x).","Wells Fargo waived both defaults via Waiver and Release Agreement dated Dec 12, 2025; loan documents remain in effect.","NAI paid a $10,000 waiver fee and reimbursed lender legal fees to obtain the waiver.","Revolving credit line previously reduced to $10M (from $20M) with maturity extended to Dec 31, 2026.","Management represents no other defaults exist as of the waiver date."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-038181","json":"https://secwatch.observer/filing/0001437749-25-038181.json","markdown":"https://secwatch.observer/filing/0001437749-25-038181.md","text":"https://secwatch.observer/filing/0001437749-25-038181.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/787253/000143774925038181/0001437749-25-038181-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/787253/000143774925038181/naii20251217_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:58:52.522380+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":"3785f363b63e0f619084e92e7b13efc3853041cf","claim":"NATURAL ALTERNATIVES INTERNATIONAL INC entered into Waiver and Release Agreement with Wells Fargo Bank, National Association (effective 2025-12-17).","evidence_excerpt":"On December 17, 2025 NAI and Wells Fargo entered into a Waiver and Release Agreement in connection with the Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/787253/000143774925038181/0001437749-25-038181-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Effective","value":"2025-12-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}