secwatch.observer — SEC 8-K summary
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Issuer:     Harbor Custom Development, Inc. (—)
CIK:        0001784567
Form:       8-K
Filed at:   2023-11-27T23:59:59+00:00
Accession:  0001493152-23-042796
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 2.04, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Harbor Custom Development defaults on $707,790 principal payment to BankUnited; director resigns
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- Failed to make $707,790.41 principal payment to BankUnited on Nov 20, 2023, triggering Event of Default under Loan Agreement.
- Lender may accelerate all amounts due; no written notice of acceleration received as of filing date.
- Director Larry Swets resigned from Board effective Nov 21, 2023, not due to any disagreement with management or Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784567/000149315223042796/0001493152-23-042796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784567/000149315223042796/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-042796

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