{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-24-010664","form_type":"8-K","ticker":null,"cik":"0000890447","company_name":"Vertex Energy Inc.","filed_at":"2024-08-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.196555+00:00","generated_at":"2026-05-31T07:46:24.457624+00:00","sec_items":["1.01","2.03","3.03","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Vertex Energy secures $25M new term loan at ~10.25%+Prime; board adds restructuring expert Stein","bullets":["New $25M term loan from BlackRock, Whitebox, Highbridge, CrowdOut; proceeds received Aug 23, 2024.","Interest rate: greater of Prime -1.5% or Fed Funds +0.5% (floor 1%) plus 10.25%; maturity Apr 1, 2025.","Lenders consent to minimum consolidated liquidity of $12M (vs $25M) until Sep 20, 2024.","Company to launch sale process for substantially all assets/equity by Sep 3, 2024; RSA target by Sep 20.","Jeffrey Stein appointed to board, effective Aug 23, 2024; receives $45,000/month cash compensation."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-24-010664","json":"https://secwatch.observer/filing/0001999371-24-010664.json","markdown":"https://secwatch.observer/filing/0001999371-24-010664.md","text":"https://secwatch.observer/filing/0001999371-24-010664.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/890447/000199937124010664/0001999371-24-010664-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/890447/000199937124010664/vtnr_8k-082324.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T07:46:24.457624+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":"2e4d614259","claim":"Jeffrey S. Stein was appointed as member of the Board of Directors at Vertex Energy Inc..","evidence_excerpt":"Effective on August 23, 2024, the Board of Directors (the “ Board ”) of the Company increased the number of members of the Board of Directors from five (5) to six (6), pursuant to a resolution of the Board in accordance with the Second Amended and Restated Bylaws of the Company (the “ Bylaws ”), and appointed Jeffrey S. Stein as a member of the Board of Directors to fill the newly created vacancy.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/890447/000199937124010664/0001999371-24-010664-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"member of the Board of Directors"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}