Art’s-Way Manufacturing Co: enters $956,000 term loan and reports results

What happened

• On Oct 5, 2026 Art’s-Way Manufacturing Co., Inc. entered into a term loan with Bank Midwest in the amount of $956,000 (the "Laser Loan") to purchase a new fiberoptic laser and crane system for its Agricultural Products Segment. The Laser Loan is governed by a Promissory Note executed and delivered by the Company on such date.
• On Oct 9, 2026 the Company issued a press release announcing its financial results for the three- and nine-month periods ended Aug 31, 2026.

Key details

• Loan amount: $956,000; purpose: purchase of a new fiberoptic laser and crane system to replace a CO2 laser purchased in 2007.
• Interest: 6.65% for the first 60 payments; thereafter interest at the current 1 month SOFR plus 3.1% as published by the CME Group Benchmark Administration for the remaining 120 payments.
• Payment timing and amount: first payment due Oct 30, 2026; initial monthly payment $8,456.
• The Promissory Note was executed on Oct 5, 2026 and the press release reporting results was issued Oct 9, 2026.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement), which covers the Promissory Note for the Laser Loan, and Item 2.02 (results of operations), which covers the press release with the Company’s financial results for the three- and nine-month periods ended Aug 31, 2026. The filing does not show why the insider traded or why the company acted.