SYPRIS SOLUTIONS INC 8-K

What Happened
Sypris Solutions, Inc. announced on its January 14, 2026 Form 8-K that on January 12, 2026 it amended and restated its March 21, 2025 promissory note in favor of Gill Family Capital Management, Inc., an entity controlled by CEO Jeffrey T. Gill and director R. Scott Gill. The January 2026 Promissory Note extends the maturity dates for principal and interest payments and preserves the other terms of the prior note.

Key Details

• Amendment effective January 12, 2026; 8-K filed January 14, 2026.
• Principal repayment schedule: $2,000,000 due April 1, 2027; $2,000,000 due April 1, 2028; $5,000,000 due April 1, 2029; $3,000,000 due April 1, 2030.
• Interest payments may be deferred up to 100% until April 1, 2027.
• Lender is an insider-controlled entity (Gill Family Capital Management, Inc.); all other terms of the March 2025 note remain in place.

Why It Matters
This amendment affects Sypris’s debt timeline and near-term cash flow by pushing principal repayments into later years and permitting interest deferral through April 2027. Investors should note the insider nature of the lender (the company’s CEO and a director) and that the filing creates/continues a material direct financial obligation for the company. The full amended note is filed as an exhibit to the 8‑K for detailed terms.