---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-027897"
form_type: "8-K"
ticker: "STCB"
cik: "0001539850"
company_name: "Starco Brands, Inc."
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T14:20:36.038767+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Starco Brands consolidates $4M CEO debt into single note, extends maturity to Dec 2024

## Summary
- Consolidated 6 prior promissory notes from CEO Ross Sklar into a single $4M secured note dated Aug 11, 2023.
- Waived all events of default under prior notes; maturity extended to Dec 31, 2024, with auto-renewal to Mar 31, 2025.
- Interest rate set at WSJ Prime + 2% (currently 10.5%); default rate is Prime + 7% (currently 15.5%).
- CEO granted a security interest in company assets; prior security agreements superseded.

## SEC filing metadata
- accession: 0001493152-23-027897
- form_type: 8-K
- ticker: STCB
- cik: 0001539850
- company_name: Starco Brands, Inc.
- filed_at: 2023-08-11T23:59:59+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/1539850/000149315223027897/0001493152-23-027897-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539850/000149315223027897/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-027897
- JSON: https://secwatch.observer/filing/0001493152-23-027897.json
- Plain text: https://secwatch.observer/filing/0001493152-23-027897.txt

## Key facts
- Debt Financings
  Starco Brands, Inc. amended loan of $4,000,000.00 with Ross Sklar at Wall Street Journal Prime Rate plus 2% (current floating interest rate of 10.5%) maturing December 31, 2024 (automatically extends for a 90-day period).
  - Instrument: loan
  - Principal: $4,000,000.00
  - Counterparty: Ross Sklar
  - Rate: Wall Street Journal Prime Rate plus 2% (current floating interest rate of 10.5%)
  - Maturity: December 31, 2024 (automatically extends for a 90-day period)
  - Event: amendment
  source text: The Consolidated Secured Promissory Note was issued to Sklar on August 11, 2023, in the principal sum of $4,000,000.00 and provides for the delay in the Company’s repayment of $4,000,000.00 due to Sklar under outstanding loan obligations relating to the Prior Notes until December 31, 2024 (the “ Maturity Date ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539850/000149315223027897/0001493152-23-027897-index.htm
- Material Agreements
  Starco Brands, Inc. entered into Consolidated Secured Promissory Note with Ross Sklar valued at $4,000,000.00 (effective 2023-08-11).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Ross Sklar
  - Value: $4,000,000.00
  - Effective: 2023-08-11
  source text: On August 8, 2023, Starco Brands, Inc. (the “ Company ”) and Ross Sklar, the Company’s Chief Executive Officer (“ Sklar ”), agreed to enter into a consolidated secured promissory note (the “ Consolidated Secured Promissory Note ”) to consolidate certain outstanding loan obligations and, among other things, waive any events of default and extend the maturity date for when payment of the outstanding principal amount of the following loans, which were to be repaid by the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539850/000149315223027897/0001493152-23-027897-index.htm
- Material Agreements
  Starco Brands, Inc. entered into Security Agreement with Ross Sklar valued at grants Sklar a security interest in the Company’s assets in connection with the Consolidated Secured (effective 2023-08-11).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Ross Sklar
  - Value: grants Sklar a security interest in the Company’s assets in connection with the Consolidated Secured
  - Effective: 2023-08-11
  source text: In connection with the Consolidated Secured Promissory Note, the Company entered into the Security Agreement, by and between the Company and Sklar to provide a security interest in the assets of the Company to Sklar in order to secure the obligations underlying the Consolidated Secured Promissory Note.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539850/000149315223027897/0001493152-23-027897-index.htm

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