secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001493152-26-009772
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000149315226009772/0001493152-26-009772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000149315226009772/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-009772

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