---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-041797"
form_type: "8-K"
ticker: "RIME"
cik: "0000923601"
company_name: "Algorhythm Holdings, Inc."
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:41:51.629001+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Algorhythm terminates Oxford loan (no balance), cuts quorum to 33 1/3%

## Summary
- Terminated Loan Agreement with Oxford Commercial Finance; no balance outstanding as of Oct 17, 2024.
- Early termination fee of $40,000 required.
- Amended bylaws to reduce stockholder meeting quorum from majority to 33 1/3%.
- Bylaw amendment approved by Board on Oct 18, 2024.

## SEC filing metadata
- accession: 0001493152-24-041797
- form_type: 8-K
- ticker: RIME
- cik: 0000923601
- company_name: Algorhythm Holdings, Inc.
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923601/000149315224041797/0001493152-24-041797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923601/000149315224041797/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-041797
- JSON: https://secwatch.observer/filing/0001493152-24-041797.json
- Plain text: https://secwatch.observer/filing/0001493152-24-041797.txt

## Key facts
- Governance Changes
  Algorhythm Holdings, Inc.: Reduced the quorum requirement for stockholder meetings from a majority to thirty-three and one-third percent (effective 2024-10-18).
  - Change: bylaw amendment
  - Effective: 2024-10-18
  source text: On October 18, 2024, the Company amended its Amended By-laws (the “By-law Amendment”), for the purpose of reducing the quorum required to hold meetings of the stockholders of the Company (the “Quorum Requirement”). The By-law Amendment reduced the Quorum Requirement from a majority to thirty-three and one-third percent (33 1/3%) of the voting power of the shares of stock issued and outstanding and entitled to vote at the meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/923601/000149315224041797/0001493152-24-041797-index.htm

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