{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-002879","form_type":"8-K","ticker":null,"cik":"0000874292","company_name":"ADDVANTAGE TECHNOLOGIES GROUP INC","filed_at":"2024-02-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.101058+00:00","generated_at":"2026-06-06T12:22:38.007302+00:00","sec_items":["1.03","2.04","5.02"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"ADDvantage Technologies files Chapter 7 bankruptcy, ceases operations, liquidating","bullets":["Company and three subsidiaries filed Chapter 7 on Jan 31, 2024; operations ceased Jan 26.","Chapter 7 trustee appointed to liquidate assets and pay creditors per Bankruptcy Code.","CEO/President Joseph E. Hart and Interim CFO Michael Ramke resigned; all directors resigned.","Filing triggers acceleration of obligations under debt instruments.","No officers, consultants, or employees remain as of Jan 31."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-002879","json":"https://secwatch.observer/filing/0001628280-24-002879.json","markdown":"https://secwatch.observer/filing/0001628280-24-002879.md","text":"https://secwatch.observer/filing/0001628280-24-002879.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/aey-20240131.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T12:22:38.007302+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":"7e0adad3b32355c7284f6a3a60b8da6236509b65","claim":"ADDVANTAGE TECHNOLOGIES GROUP INC reported a default on debt.","evidence_excerpt":"The commencement of the Chapter 7 Cases described in Item 1.03 of this Current Report on Form 8-K constitutes an event of default under certain of the Company’s debt instruments, which results in acceleration of the Company’s and the Subsidiaries’ obligations under such debt instruments.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"9bd6e771f42212e8011a63f214669a8f3e61470f","claim":"ADDVANTAGE TECHNOLOGIES GROUP INC entered chapter 7 in United States Bankruptcy Court for the District of Eastern District of Texas, Sherman Division (petition 2024-01-31).","evidence_excerpt":"On January 31, 2024, ADDvantage Technologies Group, Inc. (the “Company”) and each of its subsidiaries, Fulton Technologies, Inc. (“Fulton”), Nave Communications Company (“Nave”), and ADDvantage Triton, LLC (“Triton,” and together with Fulton and Nave, the “Subsidiaries,” and each a “Subsidiary”), filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Eastern District of Texas, Sherman Division (the “Bankruptcy Court”), (collectively, the “Bankruptcy Filings”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 7"},{"label":"Court","value":"United States Bankruptcy Court for the District of Eastern District of Texas, Sherman Division"},{"label":"Petition","value":"2024-01-31"}],"fact_type":"distress_event"},{"claim_id":"0899dafc36","claim":"Michael Ramke resigned as Interim Chief Financial Officer at ADDVANTAGE TECHNOLOGIES GROUP INC.","evidence_excerpt":"Joseph E. Hart, the Company’s Chief Executive Officer and President; and Michael Ramke, the Company’s Interim Chief Financial Officer, resigned as executive officers of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Interim Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"0d0e405cb6","claim":"David W. Sparkman resigned as Director at ADDVANTAGE TECHNOLOGIES GROUP INC.","evidence_excerpt":"directors David E. Chymiak, Joseph E. Hart, Timothy S. Harden, James C. McGill, John M. Shelnutt, and David W. Sparkman have effectively resigned as members of the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"0f648e7782","claim":"John M. Shelnutt resigned as Director at ADDVANTAGE TECHNOLOGIES GROUP INC.","evidence_excerpt":"directors David E. Chymiak, Joseph E. Hart, Timothy S. Harden, James C. McGill, John M. Shelnutt, and David W. Sparkman have effectively resigned as members of the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"14c78a7176","claim":"James C. McGill resigned as Director at ADDVANTAGE TECHNOLOGIES GROUP INC.","evidence_excerpt":"directors David E. Chymiak, Joseph E. Hart, Timothy S. Harden, James C. McGill, John M. Shelnutt, and David W. Sparkman have effectively resigned as members of the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"9dbdf054d6","claim":"Joseph E. Hart resigned as Director at ADDVANTAGE TECHNOLOGIES GROUP INC.","evidence_excerpt":"directors David E. Chymiak, Joseph E. Hart, Timothy S. Harden, James C. McGill, John M. Shelnutt, and David W. Sparkman have effectively resigned as members of the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"b838e2bf3e","claim":"David E. Chymiak resigned as Director at ADDVANTAGE TECHNOLOGIES GROUP INC.","evidence_excerpt":"directors David E. Chymiak, Joseph E. Hart, Timothy S. Harden, James C. McGill, John M. Shelnutt, and David W. Sparkman have effectively resigned as members of the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"bc2bbb3913","claim":"Joseph E. Hart resigned as Chief Executive Officer and President at ADDVANTAGE TECHNOLOGIES GROUP INC.","evidence_excerpt":"Joseph E. Hart, the Company’s Chief Executive Officer and President; and Michael Ramke, the Company’s Interim Chief Financial Officer, resigned as executive officers of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer and President"}],"fact_type":"executive_change"},{"claim_id":"ff2fff6884","claim":"Timothy S. Harden resigned as Director at ADDVANTAGE TECHNOLOGIES GROUP INC.","evidence_excerpt":"directors David E. Chymiak, Joseph E. Hart, Timothy S. Harden, James C. McGill, John M. Shelnutt, and David W. Sparkman have effectively resigned as members of the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}