---
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"
generated_at: "2026-05-15T13:42:54.363201+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Beneficient appoints Mack Hicks to board; settles $1.66M credit liability with equity and deferred cash

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-009772
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-009772
- JSON: https://secwatch.observer/filing/0001493152-26-009772.json
- Plain text: https://secwatch.observer/filing/0001493152-26-009772.txt

## Key facts
- Material Agreements
  Beneficient amended Letter Agreement with HH-BDH, LLC valued at $1.66 million (effective 2026-03-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: HH-BDH, LLC
  - Value: $1.66 million
  - Effective: 2026-03-10
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1775734/000149315226009772/0001493152-26-009772-index.htm

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