secwatch.observer — SEC 8-K summary
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Issuer:     ADDVANTAGE TECHNOLOGIES GROUP INC (—)
CIK:        0000874292
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001628280-24-002879
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.03, 2.04, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

ADDvantage Technologies files Chapter 7 bankruptcy, ceases operations, liquidating
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/0001628280-24-002879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874292/000162828024002879/aey-20240131.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-002879

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer