secwatch / observer

JANEL CORP — fact timeline

Source-grounded facts extracted from JANEL CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

JANL JANEL CORP JSON
Auditor Changes

JANEL CORP engaged Baker Tilly US, LLP as its auditor.

“Also on, and effective as of, December 30, 2025, the Committee approved the engagement of Baker Tilly US, LLP (“Baker Tilly”) as the Company’s independent registered public accounting firm for the Company’s fiscal year 2026 audit.”
Auditor Changes

JANEL CORP dismissed Prager Metis CPAs, LLC as its auditor.

“approved the dismissal of Prager Metis CPAs, LLC (“Prager”) as the Company’s independent registered public accounting firm.”
Material Agreements

JANEL CORP entered into Senior Credit Agreement with Santander Bank, N.A. valued at $59,120,000 (effective 2025-12-29).

“On December 29, 2025 (the “Closing Date”), Janel Corporation (the “Company”), Janel Group LLC and certain other subsidiaries of the Company, as borrowers (collectively, the “Borrowers”) and guarantors (together with the Company, the “Guarantors” and together with the Borrowers, the “Janel Obligors”), entered into that certain senior secured Credit Agreement with Santander Bank, N.A., as administrative agent (the “Administrative Agent”), Santander Bank, N.A., as joint lead arranger, First Merchants Bank as joint lead arranger, and the lenders party thereto (the “Senior Credit Agreement”), providing for revolving, term loan and acquisition credit facilities aggregating a principal up to $59,120,000 (the “Senior Credit Facility”).”
Debt Financings

JANEL CORP incurred credit facility of aggregating a principal up to $59,120,000 with Santander Bank, N.A. at either a base rate or, at the election of the Borrowers, term SOFR for the appli maturing December 29, 2030.

“On December 29, 2025 (the “Closing Date”), Janel Corporation (the “Company”), Janel Group LLC and certain other subsidiaries of the Company, as borrowers (collectively, the “Borrowers”) and guarantors (together with the Company, the “Guarantors” and together with the Borrowers, the “Janel Obligors”), entered into that certain senior secured Credit Agreement with Santander Bank, N.A., as administrative agent (the “Administrative Agent”), Santander Bank, N.A., as joint lead arranger, First Merchants Bank as joint lead arranger, and the lenders party thereto (the “Senior Credit Agreement”), providing for revolving, term loan and acquisition credit facilities aggregating a principal up to $59,120,000 (the “Senior Credit Facility”).”
M&A Transactions

JANEL CORP completed a disposition involving Rubicon Technology, Inc. for 7,000,000 newly issued shares of Rubicon’s common stock (closed 2025-10-14).

“as of August 20, 2025 between the Company and Rubicon. Pursuant to the Contribution Agreement, in exchange for the membership interests of Janel Group, (i) the Company received 7,000,000 newly issued shares of Rubicon’s common stock, as a result of which the Company beneficially owns approximately 86.5% of the total voting power of Rubicon and (ii) Rubicon”

Joseph R. Ferrara was appointed as Chief Financial Officer, Treasurer and Secretary at JANEL CORP.

“On February 14, 2024, the Board of Directors (the “Board”) of Janel Corporation (the “Company”) appointed Joseph R. Ferrara, age 59, as Chief Financial Officer, Treasurer and Secretary of the Company, effective as of February 15, 2024 (the “Effective Date”).”

Edward S. Riley departed as Executive Vice President and Chief Financial Officer at JANEL CORP.

“On August 18, 2023, Mr. Riley notified the Company that he will no longer be joining the Company.”

Vincent A. Verde resigned as Principal Financial Officer at JANEL CORP.

“Vincent A. Verde, who has served with distinction as the Company’s principal financial officer and principal accounting officer since 2018, tendered his resignation as the Principal Financial Officer of the Company, effective as of the Effective Date.”

Gregory B. Graves was appointed as Director at JANEL CORP.

“appointed Gregory B. Graves, to the Board of the Company, effective May 31, 2023.”
Debt Financings

JANEL CORP incurred credit facility of $3.0 million Revolving Loan, a $5.0 million Acquisition Loan, a $6.905 million Term A Loan and a $620,000 Term B Loan with First Merchants Bank at one-month adjusted term SOFR plus either (i) 2.75% ... or (ii) 3.50% ... 4.19% o maturing Revolving Loan ... expire on August 1, 2027, Term A Loan ... mature on April 25, 2033, Term B Loan ... mature on July 1, 2025, Acquisition Loan ... maturity ....

“are part of the Life Science and Manufacturing segments (together with Indco, the “ Borrowers ” and each, a “ Borrower ”), entered into a Credit Agreement (the “ Credit Agreement ”) with First Merchants Bank (“ First Merchants ”). The Credit Agreement constitutes an amendment and restatement of that certain Credit Agreement dated February 29, 2016 between Indco and First Merchants (as amended, the “ Prior Credit Agreement ”).”
Material Agreements

JANEL CORP entered into Credit Agreement with First Merchants Bank valued at $3.0 million Revolving Loan, a $5.0 million Acquisition Loan, a $6.905 million Term A Loan and a $62 (effective 2023-04-25).

“On April 25, 2023 Indco, Inc. (“ Indco ”), a Tennessee corporation and subsidiary of Janel Corporation (the “Company”), and certain other Subsidiaries of the Company that are part of the Life Science and Manufacturing segments (together with Indco, the “ Borrowers ” and each, a “ Borrower ”), entered into a Credit Agreement (the “ Credit Agreement ”) with First Merchants Bank (“ First Merchants ”).”

John Eidinger was appointed as Vice Chairman of the Board at JANEL CORP.

“the Board appointed Mr. Eidinger to serve as the Vice Chairman of the Board and to serve on the Board’s Nominating and Corporate Governance Committee, effective January 1, 2023.”

Darren Seirer was appointed as President and Chief Executive Officer at JANEL CORP.

“appointed Mr. Seirer to serve as president and CEO of the Company, effective January 1, 2023.”

Brendan J. Killackey resigned as Director at JANEL CORP.

“On January 1, 2023, Dominique Schulte and Brendan J. Killackey resigned from the Board of Directors (the "Board") of Janel Corporation (the "Company"), effective January 1, 2023.”

Dominique Schulte resigned as President and Chief Executive Officer at JANEL CORP.

“Ms. Schulte also resigned as President and Chief Executive Officer ("CEO") of the Company, effective January 1, 2023.”

Karen Miller Ryan was appointed as Director at JANEL CORP.

“On October 1, 2021, the Board of the Company, upon the recommendation of its Nominating and Corporate Governance Committee, appointed Karen Miller Ryan, also known professionally as Karen Padgett, to the Board of Directors of the Company, effective October 1, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.