secwatch.observer — SEC 8-K summary
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Issuer:     Stewards, Inc. (SWRD)
CIK:        0001795851
Form:       8-K
Filed at:   2026-09-22T00:30:35+00:00
Accession:  0001663577-26-000303
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stewards extends $1.6M promissory note maturity to Oct 15, 2026; default interest waived
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- Final $1.6M principal installment due Sept 1, 2026 extended to Oct 15, 2026.
- Interest stays at 10% simple; $20,000 accrued interest due Oct 15 with principal.
- 15% default interest waived from Jun 1 to Oct 15, 2026; reinstated if not paid by Oct 15.
- Holder FAVO Holdings is related party: 65% Vincent Napolitano, 35% CEO Shaun Quin; Quin recused.
- Company had not paid $1.6M plus accrued interest due Sept 1; extension avoids default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795851/000166357726000303/0001663577-26-000303-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795851/000166357726000303/swrd_8k092126.htm
  HTML page:      https://secwatch.observer/filing/0001663577-26-000303

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