{"filing":{"accession_number":"0001398344-26-009935","cik":"0000922612","ticker":null,"company_name":"SCHMITT INDUSTRIES INC","form":"8-K","filing_date":"2026-05-28","report_date":null,"primary_document":"fp0099099-2_8kixbrl.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/922612/000139834426009935/fp0099099-2_8kixbrl.htm"},"events":[{"id":8506,"run_id":7465,"accession_number":"0001398344-26-009935","anchor_item_number":"2.04","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"The filing discloses a Notice of Default from Sententia Capital Management LLC on May 11, 2026, claiming total obligations of $4,280,626.78 under two promissory notes (a Consolidated Promissory Note for $2,638,885.21 and a 12% Secured Convertible Promissory Note for $300,000). This is a classic covenant breach triggering event that accelerates financial obligations under secured debt instruments, directly matching Item 2.04 disclosure requirements and representing material financial stress for the registrant.","company_name":"SCHMITT INDUSTRIES INC","ticker":null,"filing_date":"2026-05-28","form":"8-K","submitted_at":null,"items":[{"id":2424,"accession_number":"0001398344-26-009935","item_number":"2.04","item_title":null,"event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The filing discloses a Notice of Default from Sententia Capital Management LLC on May 11, 2026, claiming total obligations of $4,280,626.78 under two promissory notes (a Consolidated Promissory Note for $2,638,885.21 and a 12% Secured Convertible Promissory Note for $300,000). This is a classic covenant breach triggering event that accelerates financial obligations under secured debt instruments, directly matching Item 2.04 disclosure requirements and representing material financial stress for the registrant.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-29T02:44:38.728051+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":2424,"accession_number":"0001398344-26-009935","item_number":"2.04","item_title":null,"event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The filing discloses a Notice of Default from Sententia Capital Management LLC on May 11, 2026, claiming total obligations of $4,280,626.78 under two promissory notes (a Consolidated Promissory Note for $2,638,885.21 and a 12% Secured Convertible Promissory Note for $300,000). This is a classic covenant breach triggering event that accelerates financial obligations under secured debt instruments, directly matching Item 2.04 disclosure requirements and representing material financial stress for the registrant.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-29T02:44:38.728051+00:00","company_name":"SCHMITT INDUSTRIES INC","ticker":null,"filing_date":"2026-05-28"}]}