{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-25-000518","form_type":"8-K","ticker":null,"cik":"0000890447","company_name":"Vertex Energy Inc.","filed_at":"2025-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.703676+00:00","generated_at":"2026-05-27T21:39:50.961951+00:00","sec_items":["1.01","1.02","1.03","2.03","3.02","3.03","5.01","5.02","5.03","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Vertex Energy emerges from Chapter 11, cancels stock, becomes private with new CEO","bullets":["Approximately $320M of prepetition debt eliminated; up to $100M exit financing secured, including $40M initial borrowings.","All existing common stock (VTNRQ) and warrants cancelled; new equity issued to DIP/term loan lenders including BlackRock, Highbridge, Whitebox.","Mark Smith appointed CEO; Benjamin Cowart and Chris Carlson depart; new board with Eugene Davis as Chairman appointed.","Company becomes privately held; intends to file Form 15 to deregister and suspend SEC reporting obligations.","New term loan facility matures Jan 2030 at Term SOFR + 6.00% or ABR + 5.00%; secured by substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-25-000518","json":"https://secwatch.observer/filing/0001999371-25-000518.json","markdown":"https://secwatch.observer/filing/0001999371-25-000518.md","text":"https://secwatch.observer/filing/0001999371-25-000518.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/890447/000199937125000518/0001999371-25-000518-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/890447/000199937125000518/vtnr-8k_012125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T21:39:50.961951+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":"5824f4372d2fc12b241c19c1c2c1445980830eb6","claim":"Vertex Energy Inc. entered chapter 11 in unknown (petition 2025-01-21).","evidence_excerpt":"On January 21, 2025, the Debtors filed a Notice of (I) Entry of An Order Confirming the Second Amended Joint Chapter 11 Plan of Vertex Energy, Inc. and its Debtor Affiliates and (II) Occurrence of the Effective Date .","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/890447/000199937125000518/0001999371-25-000518-index.htm","confidence":0.95,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Petition","value":"2025-01-21"}],"fact_type":"distress_event"},{"claim_id":"27d1732dee","claim":"Chris Carlson departed as Chief Financial Officer at Vertex Energy Inc..","evidence_excerpt":"Chris Carlson ceased to serve as the Company's Chief Financial Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/890447/000199937125000518/0001999371-25-000518-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to serve"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"5a82c75c09","claim":"Zachary Viders was appointed as Director at Vertex Energy Inc..","evidence_excerpt":"Eugene Davis, Zachary Viders, Jacob Mercer, and Daniel Hudson were designated as members of the board of directors of Reorganized Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/890447/000199937125000518/0001999371-25-000518-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"designated"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5af0adea9b","claim":"Benjamin P. Cowart departed as Chief Executive Officer at Vertex Energy Inc..","evidence_excerpt":"Benjamin P. Cowart ceased to serve as the Company's Chief Executive Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/890447/000199937125000518/0001999371-25-000518-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to serve"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"5d2b406044","claim":"Jeffrey Stein departed as Director at Vertex Energy Inc..","evidence_excerpt":"Benjamin P. Cowart, Dan Borgen, Karen Maston, Odeh Khoury, Timothy C. 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Cowart departed as Director at Vertex Energy Inc..","evidence_excerpt":"Benjamin P. Cowart, Dan Borgen, Karen Maston, Odeh Khoury, Timothy C. 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Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}