Every 8-K that QUALITY INDUSTRIAL CORP (QIND) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow QIND and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full QIND filings page.
Quality Industrial Corp. entered into a Promissory Note & Loan Modification and Forbearance Agreement with RB Capital Partners covering two previously issued convertible notes with original principal of $1,100,000 and $200,000. As of June 30, 2026, the aggregate amount outstanding under these notes was $1,587,439.64.
The company agreed to pay a total of $1,675,000 in 19 installments from July 30, 2026 through January 15, 2028, with no additional interest so long as no default occurs. A $30,000 timely payment discount can reduce the final installment. The notes’ term is extended to March 1, 2028, and RB Capital agrees to forbear from enforcing remedies during a defined forbearance period, subject to detailed default and cure provisions and a 5% default interest rate on unpaid amounts after default.
The holder’s right to convert principal into common stock at $1.00 per share, subject to beneficial ownership limitations, is expressly preserved; any converted principal reduces the payment schedule. Mutual releases and covenants not to sue become fully effective when the payment amount is paid in full, and any conversion shares are expected to be issued in transactions exempt from registration under Section 4(a)(2) and/or Regulation D.
Quality Industrial Corp. announced a leadership change, with John-Paul Backwell resigning as Chief Executive Officer effective April 20, 2026, for personal and health reasons while remaining on the board. The board appointed Carsten Kjems Falk as Chief Executive Officer, and he will also continue serving as Interim Chief Financial Officer and a director.
Falk has held multiple senior roles at the company since 2020, including prior service as CEO and Chief Commercial Officer, and brings experience from SaaS, FMCG, energy, and Domino’s Pizza Denmark. The company issued a press release on April 23, 2026, highlighting its focus on disciplined execution, operational efficiency, and ongoing strategic transactions, while cautioning that forward-looking statements are subject to significant risks and uncertainties.
Quality Industrial Corp. filed an amended 8-K to replace an erroneous prior earnings release and provide a corrected FY 2025 shareholder letter and results. Revenue rose 45.9% to $16.3 million from $11.2 million, with gross profit up to $4.8 million but gross margin declining from 35.5% to 29.4% as operating expenses increased 60.7% to $5.2 million.
The company swung from GAAP net income of $0.3 million to a GAAP net loss of $4.6 million, largely reflecting turnaround-related items and legacy write-offs. Non-GAAP adjusted net income improved from a loss of $0.2 million to a profit of $0.6 million. Management highlights governance changes, settlement of about $2.0 million of legacy employee and officer obligations, reduction of accounts payable by 45% to $1.2 million, lower convertible notes, and approximately $4.4 million of capital support from parent Fusion Fuel. For 2026, QIND is targeting $20 million of revenue, emphasizing growth at Al Shola Gas and continued debt servicing.
Quality Industrial Corp. reported fiscal 2025 revenue of $16,307,787, up 45.9% from $11,177,567, reflecting strong growth at its Al Shola Gas subsidiary. Gross profit rose to $4,788,780, but gross margin declined to 29.4% from 35.5% as operating expenses increased 60.7% to $5,245,558.
The company posted a reported net loss of $4,603,645 versus prior-year net income of $266,780. After non-recurring turnaround and legacy items, adjusted net income was $566,853, up 452% from $160,774. QIND reduced convertible note principal and accounts payable while using capital from Fusion Fuel to clean up legacy liabilities and fund Al Shola Gas growth.
Al Shola Gas secured approximately $7 million in new engineering contracts and about $2 million in annual recurring fuel distribution contracts and expanded into the northern emirates. Management highlights ongoing risks from regional conflict, remaining convertible debt, potential future dilution, and the need for additional financing, even as core turnaround actions are largely completed.
Quality Industrial Corp. (QIND) furnished a shareholder letter via an 8-K Regulation FD disclosure. The update covers corporate governance enhancements, operational performance, financial progress, and the status of QIND’s transaction with Fusion Fuel Green PLC.
The letter highlights a strengthened board structure, ongoing debt reduction, and investments aimed at supporting growth at operating subsidiary Al Shola Al Modea Gas LLC. The shareholder letter is furnished as Exhibit 99.1 and, as noted, is not deemed filed for purposes of Section 18 of the Exchange Act.