[8-K] AVALON HOLDINGS CORP Reports Material Event

Rhea-AI Filing Summary

Avalon Holdings Corporation amended its existing business loan by entering a Change in Terms Agreement with Wesbanco Bank, Inc. on September 24, 2025. The amendment extends the Line of Credit Agreement maturity from July 31, 2026 to July 31, 2027. As of September 24, 2025, the company had $3,200,000 drawn under the line. The filing attaches the Change in Terms Agreement as Exhibit 10.1 and references the original Line of Credit Agreement dated September 23, 2024. No additional financial statements or other material amendments are disclosed in this report.

Positive

• Maturity extended from July 31, 2026 to July 31, 2027, preserving access to the existing credit facility
• Formal amendment filed as Exhibit 10.1, allowing investors to review the exact terms

Negative

• $3,200,000 was drawn under the line as of September 24, 2025, representing outstanding debt
• No disclosure in this report of any changes to interest rates, covenants, collateral, or other terms beyond the maturity extension

Insights

Financial Analyst

TL;DR: Maturity extended one year; $3.2M outstanding under the revolving facility.

The Change in Terms Agreement provides Avalon with an extension of the Line of Credit maturity to July 31, 2027, which preserves access to the existing facility documented September 23, 2024. The filing confirms $3,200,000 drawn as of the amendment date. This is a straightforward contractual amendment; the company did not disclose changes to interest rate, covenants, collateral, or additional borrowing capacity in this report. The full agreement is filed as Exhibit 10.1 for detailed review.

Risk Analyst

TL;DR: Extension reduces near-term refinancing pressure, but outstanding borrowings remain.

The one-year extension of the line's maturity reduces immediate refinancing risk tied to the July 31, 2026 maturity date by moving it to July 31, 2027. The filing states a drawn balance of $3,200,000, indicating existing leverage on the facility. The report does not disclose covenant changes, new collateral, or waiver terms, so material risk implications beyond the maturity extension cannot be assessed from the provided text alone.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) September 24, 2025

AVALON HOLDINGS CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Ohio	1-14105	34-1863889
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

One American Way, Warren, Ohio 44484

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (330) 856-8800

(Former name and address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, $0.01 par value	AWX	NYSE American

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 1.01 Entry into a Material Definitive Agreement

On September 24, 2025 Avalon Holdings Corporation and certain wholly-owned subsidiaries entered into a Change in Terms Agreement with Wesbanco Bank, Inc. (formerly known as Premier Bank) (the “Lender”) which amended its existing Business Loan and Promissory Note Agreements (collectively the “Line of Credit Agreement”) dated September 23, 2024. The Change in Terms Agreement extends the maturity date of the Line of Credit Agreement from July 31, 2026 to July 31, 2027. At September 24, 2025, $3,200,000 was drawn under the Line of Credit Agreement.

The forgoing description of the Change in Terms Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Change in Terms Agreement, which is filed with this report as Exhibit 10.1 and is incorporated herein by reference.

The other material terms of the Line of Credit Agreement, dated September 23, 2024 with the Lender are described in the Current Reports on Form 8-K filed with the Securities and Exchange Commission on September 24, 2024 of which are incorporated herein by reference.

ITEM 9.01 Financial Statements and Exhibits

10.1          Change in Terms Agreement, dated as of September 24, 2025 between Avalon Holdings Corporation and certain wholly-owned subsidiaries, as borrowers, and Wesbanco Bank, Inc., as lender.

104             Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AVALON HOLDINGS CORPORATION
		(Registrant)
DATED:         September 24, 2025	By:	/s/ Michael J. Havalo
		Michael J. Havalo
		Chief Financial Officer and Treasurer

FAQ

What change did Avalon Holdings (AWX) report in the 8-K?

The company reported a Change in Terms Agreement with Wesbanco Bank, Inc. that extends the Line of Credit maturity to July 31, 2027.

How much was outstanding under Avalon's line of credit on September 24, 2025?

The filing states $3,200,000 was drawn under the Line of Credit Agreement as of that date.

Where can I find the full terms of the amendment for AWX?

The Change in Terms Agreement is filed with the report as Exhibit 10.1 and is incorporated by reference in the 8-K.

Did Avalon disclose any covenant or interest rate changes in the 8-K?

No. The 8-K discloses only the maturity extension and the drawn amount; it does not describe changes to interest rates, covenants, or collateral.

What is the original date of the Line of Credit Agreement referenced?

The Line of Credit Agreement was originally dated September 23, 2024, as referenced in the filing.