Recent 8-K filings for NROM
Highest-materiality recent filing
Noble Roman's restates FY2022 financials; accounts payable understated by $1.16M
- Previously issued 2022 financial statements should no longer be relied upon due to prior-period error.
- Accounts payable restated from $650,582 to $1,807,035; accumulated deficit from ($22,953,074) to ($24,109,527).
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Noble Roman's enters $6.9M term loan with Lake Forest Bank, repays Corbel debt and cancels warrants
$6.9M term loan at Term SOFR + 4.00% (currently 7.60%), 5-year maturity, fixed monthly payments.
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Noble Roman's engages Stephano Slack as new independent auditor for FY2025
Engaged Stephano Slack, LLC as principal accountant to audit 2025 consolidated financial statements and review quarterly reports.
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Marcel Herbst resigned as Class I Director effective 9/16/25; resignation not due to any disagreement with the board or company.
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Noble Roman's auditor Sassetti LLC resigns; material weaknesses in prior 10-K
Sassetti LLC resigned as auditor effective June 18, 2025; board seeking replacement.
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Noble Roman's amends loan: maturity extended to June 2026, interest to SOFR+9%, warrants repriced
Maturity of $8M senior secured note extended from April 14, 2025 to June 30, 2026.
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Noble Roman's extends maturity of $6.6M senior note by one week to April 14, 2025
Amendment with Corbel Capital Partners extends Senior Note maturity from April 7 to April 14, 2025.
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Noble Roman's extends maturity of $6.7M senior note to April 7, 2025; negotiating refinancing
Amended loan agreement with Corbel Capital Partners; maturity extended from Feb 7 to Apr 7, 2025.
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Noble Roman's replaces auditor Assurance Dimensions with Sassetti LLC for FY2024 audit
Board dismissed Assurance Dimensions on Aug 27, 2024; no disagreements or reportable events in 2023 or 2024 interim period.
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Noble Roman's annual meeting results: directors elected, auditor ratified
Elected A. Scott Mobley as Class III director (5,022,922 for, 2,966,589 withheld) until 2026 annual meeting.
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Noble Roman's restates FY2022 financials; accounts payable understated by $1.16M
Previously issued 2022 financial statements should no longer be relied upon due to prior-period error.
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Noble Roman's selects Assurance Dimensions as new PCAOB auditor for 2023 audit
Screened 19 firms before engaging Assurance Dimensions for 2023 annual audit.
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Noble Roman's annual meeting fails due to lack of quorum; adjourned without vote
Quorum required 11,107,757 shares; only 9,074,749 shares represented at the meeting.
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Noble Roman's Q2 net income $326K vs loss prior year; BT Brands lawsuit over director nomination
Net income of $326K ($0.02/share) for Q2 2023 vs net loss of $50K in Q2 2022.
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Noble Roman's signs 41 franchise agreements YTD 2023; interim Q2 update notes cost efficiencies
Signed 41 new franchise agreements in first half 2023, exceeding the 37 signed for all of 2022.
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Somerset CPAs will not seek reappointment for 2023 due to its asset acquisition agreement.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.50 · Most common event other_material