secwatch.observer — SEC 8-K summary
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Issuer:     CAPSTONE COMPANIES, INC. (CAPC)
CIK:        0000814926
Form:       8-K
Filed at:   2022-07-08T23:59:59+00:00
Accession:  0001575705-22-000486
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capstone enters $600K working capital loans from related parties; suspends director cash compensation for 2022
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- Board suspends cash compensation for independent directors Jeffrey Postal and Jeffrey Guzy for remainder of 2022.
- Three $200K working capital loan agreements with related parties (Postal, Group Nexus, Khoury) at 5% interest, 18-month maturity, secured by A/R.
- $600K aggregate borrowed in May-June 2022 for inventory, molds, and overhead.
- Shareholder record date set for July 15, 2022 to vote on director election and auditor ratification (David Brooks & Associates).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814926/000157570522000486/0001575705-22-000486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814926/000157570522000486/capc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001575705-22-000486

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