{"filing":{"accession_number":"0001628280-26-043937","cik":"0000785557","ticker":"DLHC","company_name":"DLH Holdings Corp.","form":"8-K","filing_date":"2026-06-17","report_date":null,"primary_document":"dlhc-20260611.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/785557/000162828026043937/dlhc-20260611.htm"},"events":[{"id":11599,"run_id":10187,"accession_number":"0001628280-26-043937","anchor_item_number":"1.01","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"DLH Holdings entered into a Second Amendment to its secured credit agreement on June 11, 2026, modifying key financial covenants including increased leverage ratio thresholds (5.0x to 5.5x) and reduced fixed charge coverage minimums, along with modifications to EBITDA and debt definitions. The covenant relief and add-backs for restructuring charges and lease termination costs indicate the company sought to avoid or address covenant breach, signaling financial stress and potential liquidity challenges.","company_name":"DLH Holdings Corp.","ticker":"DLHC","filing_date":"2026-06-17","submitted_at":null,"items":[{"id":8233,"accession_number":"0001628280-26-043937","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"DLH entered into a Second Amendment to its secured credit agreement on June 11, 2026, modifying key financial covenants and definitions. While this is technically a material definitive agreement amendment (Item 1.01), the substance reflects covenant relief—increased leverage ratio thresholds (5.0x to 5.5x) and reduced fixed charge coverage minimums—signaling financial stress. The modifications to EBITDA and debt definitions, combined with add-backs for restructuring charges and lease termination costs, suggest the company sought relief to avoid covenant breach. This is material to investors as it indicates potential liquidity or operational challenges, though it is not a traditional M\u0026A transaction; it is classified as ma_activity as the closest fit for a material agreement modification affecting the company's financial obligations and covenant structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-17T20:37:14.697085+00:00","company_name":"","ticker":null,"filing_date":""},{"id":8234,"accession_number":"0001628280-26-043937","item_number":"2.03","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.45,"reasoning":"Item 2.03 discloses a \"Second Amendment\" to a credit agreement, which creates or modifies a direct financial obligation. The filing references Item 1.01 (Business Combinations) and incorporates the Second Amendment by reference. While the prose is sparse, the amendment to a credit agreement typically signals either a refinancing, covenant modification, or debt restructuring. Without access to Item 1.01 or the full amendment text, the most likely classification is ma_activity (if the amendment accompanies an acquisition or material transaction) or covenant_breach (if it addresses a default). Given the Item 2.03 placement and reference to Item 1.01, ma_activity is the best fit, though confidence is moderate due to limited detail in this excerpt.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-17T20:37:14.697085+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":8233,"accession_number":"0001628280-26-043937","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"DLH entered into a Second Amendment to its secured credit agreement on June 11, 2026, modifying key financial covenants and definitions. While this is technically a material definitive agreement amendment (Item 1.01), the substance reflects covenant relief—increased leverage ratio thresholds (5.0x to 5.5x) and reduced fixed charge coverage minimums—signaling financial stress. The modifications to EBITDA and debt definitions, combined with add-backs for restructuring charges and lease termination costs, suggest the company sought relief to avoid covenant breach. This is material to investors as it indicates potential liquidity or operational challenges, though it is not a traditional M\u0026A transaction; it is classified as ma_activity as the closest fit for a material agreement modification affecting the company's financial obligations and covenant structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-17T20:37:14.697085+00:00","company_name":"DLH Holdings Corp.","ticker":"DLHC","filing_date":"2026-06-17"},{"id":8234,"accession_number":"0001628280-26-043937","item_number":"2.03","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.45,"reasoning":"Item 2.03 discloses a \"Second Amendment\" to a credit agreement, which creates or modifies a direct financial obligation. The filing references Item 1.01 (Business Combinations) and incorporates the Second Amendment by reference. While the prose is sparse, the amendment to a credit agreement typically signals either a refinancing, covenant modification, or debt restructuring. Without access to Item 1.01 or the full amendment text, the most likely classification is ma_activity (if the amendment accompanies an acquisition or material transaction) or covenant_breach (if it addresses a default). Given the Item 2.03 placement and reference to Item 1.01, ma_activity is the best fit, though confidence is moderate due to limited detail in this excerpt.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-17T20:37:14.697085+00:00","company_name":"DLH Holdings Corp.","ticker":"DLHC","filing_date":"2026-06-17"}]}