TECHPRECISION CORP amended Thirteenth Amendment to Amended and Restated Loan Agreement and Ninth Amendment to Second Amended and Restated Promissory Note with Beacon Bank & Trust (successor by merger to Berkshire Bank) valued at Extension of maturity date of Revolver Loan from January 16, 2026 to May 15, 2026 (effective 2026-01-12).
“On January 12, 2026, Ranor and the other Borrowers entered into a Thirteenth Amendment to Amended and Restated Loan Agreement and Ninth Amendment to Second Amended and Restated Promissory Note (the “ Amendment ”) with Beacon Bank & Trust, successor by merger to Berkshire Bank (“ Beacon ”).”
Governance Changes
TECHPRECISION CORP: Amended the 2016 Equity Incentive Plan to eliminate the ability to reprice stock options without stockholder approval (effective 2025-08-08).
“On August 8, 2025, the Board of Directors (the “ Board ”) of TechPrecision Corporation (the “ Company ”) approved an amendment (the “ Amendment ”) to the Company’s 2016 Equity Incentive Plan, as amended (the “ Plan ”). The Amendment, which became effective upon its signature by an executive officer, amends the Plan to eliminate the Company’s ability to reprice stock options without obtaining stockholder approval.”
Governance Changes
TECHPRECISION CORP: Amended and restated bylaws to implement a majority vote standard in uncontested director elections, require director resignation if majority not received, and grant 20% stockholders ability to call special meetings (effective 2025-08-08).
“On August 8, 2025, the Board of the Company approved and adopted the amendment and restatement of the Company’s Amended and Restated By-laws (as further amended and restated, the “ Bylaws ”), effective on such date. Among other things, the amendments contained in the Bylaws: · Implement a majority vote standard in uncontested elections of directors, while retaining a plurality vote standard in contested elections in which the number of director candidates exceeds the number of directors to be elected; · Require director nominees who do not receive the majority of votes cast in an uncontested election to submit their resignation to the Board, which the Board will decided whether to accept or reject; and · Grant stockholders owning 20% or more of the voting power of the outstanding shares of common stock of the Company entitled to vote the ability, subject to certain requirements set forth in the Bylaws, to request that the Board call a special meeting of stockholders.”
Listing & Compliance Notices
TECHPRECISION CORP received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“July 18, 2025, TechPrecision Corporation (the “ Company ”) received a notice (the “ Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “ Rule ”) because it had not timely filed its Annual Report on Form 10-K for the fiscal year ended March 31, 2025 (the “ Form 10-K ”) with the Securities and Exchange Commission (the “ SEC ”) on or before July 15, 2025, the extended period provided for the filing under Rule 12b-25(b) of the Securities Exchange Act of 1934, as amen”
Barbara M. Lilley changed role as Interim Chief Financial Officer at TECHPRECISION CORP.
“Barbara M. Lilley stepped down as the Company’s Interim Chief Financial Officer and will retain her position as Controller of Ranor, Inc., a wholly owned subsidiary of the Company, effective on the Transition Date.”
Phillip E. Podgorski was appointed as Chief Financial Officer at TECHPRECISION CORP.
“On March 31, 2025, TechPrecision Corporation (the “ Company ”) announced that the Board of Directors (the “ Board ”) of the Company appointed Phillip E. Podgorski to serve as the Chief Financial Officer of the Company, effective March 31, 2025”
Alexander Shen changed role as interim principal financial officer and principal accounting officer at TECHPRECISION CORP.
“Mr. Shen will no longer be the principal financial officer and principal accounting officer of the Company, as Ms. Lilley assumed those responsibilities upon her appointment as Interim Chief Financial Officer.”
Barbara M. Lilley was appointed as Interim Chief Financial Officer, principal financial officer and principal accounting officer at TECHPRECISION CORP.
“On March 7, 2025, the Board appointed Barbara M. Lilley, 66, the Controller of Ranor, Inc., one of the Company’s operating subsidiaries, to serve as Interim Chief Financial Officer, principal financial officer and principal accounting officer, in addition to her current duties, while the Board is engaged in a search to identify the Company’s next Chief Financial Officer.”
Alexander Shen was appointed as interim principal financial officer and principal accounting officer at TECHPRECISION CORP.
“On February 14, 2025, the Board of Directors of the Company, appointed Alexander Shen, the Company’s Chief Executive Officer to serve as the interim principal financial officer and principal accounting officer of the Company”
Richard Roomberg resigned as Chief Financial Officer at TECHPRECISION CORP.
“As previously reported, Richard Roomberg resigned as Chief Financial Officer of TechPrecision Corporation (the “ Company ”), effective on February 14, 2025”
Richard D. Roomberg resigned as Chief Financial Officer at TECHPRECISION CORP.
“On January 15, 2025, Richard D. Roomberg, Chief Financial Officer of the Company, notified the Company that he will resign from all roles with the Company and its subsidiaries effective as of February 14, 2025.”
John A. Moore resigned as Director at TECHPRECISION CORP.
“On January 13, 2025, John A. Moore resigned as a member of the board of directors (the “ Board ”) of TechPrecision Corporation (the “ Company ”), effective immediately.”
Barbara M. Lilley changed role as Controller at TECHPRECISION CORP.
“Barbara M. Lilley stepped down as Chief Financial Officer of the Company and all other roles held with the Company and its subsidiaries effective on the Transition Date to become Controller and will continue her employment with the Company in that capacity.”
Richard D. Roomberg was appointed as Chief Financial Officer at TECHPRECISION CORP.
“On September 19, 2024, the board of directors of TechPrecision Corporation (the “Company”) appointed Richard D. Roomberg to serve as Chief Financial Officer of the Company, effective as of August 20, 2024”
Material Agreements
TECHPRECISION CORP amended Seventh Amendment to Amended and Restated Loan Agreement and Third Amendment to Second Amended and Restated Promissory Note with Berkshire Bank valued at The Amendment, among other things (i) extends the maturity date of the Revolver Loan from March 20, (effective 2024-03-20).
“On March 20, 2024, Ranor and certain affiliates of the Company entered into a Seventh Amendment to Amended and Restated Loan Agreement and Third Amendment to Second Amended and Restated Promissory Note (the “ Amendment ”).”
Material Agreements
TECHPRECISION CORP terminated Purchase Agreement with Doerfer Corporation valued at 320,000 shares of the Company’s common stock (effective 2024-04-02).
“On April 2, 2024, the Seller delivered to the Company written notice of its election to terminate the Purchase Agreement under Section 7.01(f) effective immediately.”
Listing & Compliance Notices
TECHPRECISION CORP received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).
“February 26, 2024, TechPrecision Corporation (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2023 (the “Q3 Form 10-Q”) with the Securities and Exchange Commission (the “SEC”) on or before February 20, 2024, the extended period provided for the filing under Rule 12b-25(b) of the Securities Exchange Act of 1934, as amended.”
Earnings Releases
TECHPRECISION CORP reported third quarter of fiscal year 2024 results: revenue $7.7 million.
“three and nine months ended December 31, 2023 to the same prior year period: Consolidated Financial Results - Fiscal 2024 Three Months Ended December 31, 2023 · Net sales were $7.7 million, a or 8% lower when compared to the same period in fiscal 2023, on a different proportionate project mix of products and a decline in utilized labor hours. · Cost of sales were”
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.