{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-009772","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2026-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.138252+00:00","generated_at":"2026-05-15T13:42:54.363201+00:00","sec_items":["1.01","3.02","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Beneficient appoints Mack Hicks to board; settles $1.66M credit liability with equity and deferred cash","bullets":["Mack Hicks appointed to board effective March 10, 2026; CEO of Hicks Holdings, a family office.","Credit agreement amended: $1.66M interest/fees settled via 149,904 shares of Class A stock ($572,588) and deferred cash of $94,365 (due 3/31/26) and $1M (due 9/30/26).","Principal of $27.5M under the credit agreement had been repaid in full earlier in 2026.","HH-BDH (affiliate of Hicks) holds 11.7M shares of Class A and related partnership interests; piggyback registration rights granted for the new shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-009772","json":"https://secwatch.observer/filing/0001493152-26-009772.json","markdown":"https://secwatch.observer/filing/0001493152-26-009772.md","text":"https://secwatch.observer/filing/0001493152-26-009772.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000149315226009772/0001493152-26-009772-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000149315226009772/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T13:42:54.363201+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":"c978e318f67058acbe3e809a11eeeaf6e045de44","claim":"Beneficient amended Letter Agreement with HH-BDH, LLC valued at $1.66 million (effective 2026-03-10).","evidence_excerpt":"On March 10, 2026, HH-BDH and the Loan Parties entered into that certain Letter Agreement (the “Letter Agreement”), pursuant to which the Credit Agreement was amended to provide for the payment of the remaining $1.66 million in interest and fees outstanding under the Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000149315226009772/0001493152-26-009772-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"HH-BDH, LLC"},{"label":"Value","value":"$1.66 million"},{"label":"Effective","value":"2026-03-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}