Every 8-K that Stewards, Inc. (SWRD) 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 SWRD 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 SWRD filings page.
Stewards, Inc. amended its prior report on the completed Envy acquisition to revise preliminary accounting for 7,000,000 escrowed shares. The acquisition closed September 23, 2026 and covers a 214-unit apartment community, 26-slip marina and three-story commercial center in Pompano Beach. The escrowed shares remain legally issued and outstanding until cancelled, but are presented as a current required-redemption liability, not stockholders’ equity, and excluded from weighted-average shares. The preliminary liability fair value is $20.043 million, based on seven $3.0 million payments discounted at a preliminary 18.0% annual effective rate subject to valuation specialist analysis and auditor review.
The $90.0 million contractual purchase price and cash obligations are unchanged. Stewards generally must pay $3.0 million and cancel 1,000,000 escrowed shares monthly from October 5, 2026 through April 5, 2027; funding by sale or borrowing against the shares requires mutual agreement. Illustrative pro forma net losses are $29.429 million for 2025 and $14.933 million for the six months ended June 30, 2026, assuming the acquisition occurred January 1, 2025; 2025 includes $0.957 million of non-recurring discount accretion.
Stewards, Inc. acquired 100% of the membership interests in the entities owning Envy Pompano Beach on September 23, 2026. The property includes 214 apartments, a 26-slip marina and a three-story community center. The $90.0 million contractual price, subject to credits, prorations and closing adjustments, included 14,263,025 shares at a $3.00 contractual value used solely to calculate the share count, a $2.0 million unsecured note and refinancing of $44,557,435.93 of existing property debt. LoanCore provided a $47.7 million mortgage.
Of the shares, 7,000,000 were escrowed. The company generally must pay sellers $3.0 million in cash on the fifth of each month from October 5, 2026 through April 5, 2027, with 1,000,000 escrowed shares cancelled per payment; it funds shortfalls after permitted share sales or borrowings. The seller note is due October 5, 2026. The interest-only mortgage matures October 9, 2028.
For the six months ended June 30, 2026, rental and other property revenues were $2.861 million versus $2.459 million for the same period in 2025. The historical Rule 3-14 statements exclude mortgage interest, depreciation, amortization, management fees and income taxes.
Stewards, Inc. (SWRD) and lender Accretiv Investment Holdings Inc. terminated and cancelled their September 2, 2026 promissory note for an original principal amount of $1.5 million and the related security agreement, effective September 21, 2026. The lender did not advance funds, so Stewards received no loan proceeds; the contemplated $75,000 lender return was not earned, and no principal or other amount is owed under the agreements.
The lender released liens and security interests arising from the agreements and represented that it had not filed or authorized a related UCC financing statement. The parties granted mutual releases for claims related to the financing, subject to exclusions for claims arising from a breach of the termination agreement or fraud or intentional misrepresentation in connection with it. Stewards incurred no early termination penalty or termination fee.
Stewards, Inc. (SWRD) amended a related-party promissory note with FAVO Holdings, LLC, extending the due date of the final principal installment. The Company’s remaining principal of $1,600,000, previously due September 1, 2026, now matures on October 15, 2026 under Amendment No. 2 to the Promissory Note.
The outstanding principal continues to accrue simple interest at 10% per annum from September 1, 2026 through October 15, 2026, aggregating $20,000 of interest payable on the extended maturity date together with the $1,600,000 and all other accrued interest. The note’s 15% default interest rate is waived for the period from June 1, 2026 through October 15, 2026 but will be reinstated on all amounts then outstanding if full payment is not made on October 15, 2026. FAVO Holdings, LLC is a related party owned 65% by Chairman Emeritus and former CEO Vincent Napolitano and 35% by current CEO and director Shaun Quin; the amendment was approved by disinterested board members, and Mr. Quin recused himself from deliberations and voting.
Stewards, Inc. (SWRD) reports that its wholly owned subsidiary, Stewards Real Estate, LLC, has terminated its Purchase and Sale Agreement to acquire The Hawthorne property in Chatham, Massachusetts, which had a planned $20,000,000 cash purchase price and required a $1,000,000 earnest-money deposit.
Under a confidential Settlement Agreement with John E. Swenson Co., Inc., the escrow agent will distribute $100,000 of the deposit to Swenson and return $900,000 to Stewards Real Estate. The related lawsuit will be dismissed with prejudice after the settlement amounts are paid, and mutual general releases will then become effective. Each party bears its own attorneys’ fees and costs, neither party admits liability or wrongdoing, and Stewards, Inc. will not acquire the property.
Stewards, Inc. (SWRD) reports that its Board approved a standstill and additional review process for a previously contemplated recognition program under its 2024 Equity Incentive Plan. In November 2025, the Board and the majority shareholder had authorized a recognition program of up to 3,000,000 RSUs, or 250,000 RSUs for each of twelve proposed recipients, but this approval has not resulted in any actual grants.
No award agreements or notices have been executed, no grant date has been set, and no shares have been issued or treated as outstanding in respect of these contemplated RSUs, so the company does not view this as a cancellation of existing awards. Independent directors Zachary Graeve, Wael Barsoum and John Bode will not receive these recognition RSUs; any future awards, if made, would be limited to Glen Steward, Shaun Quin, other management and eligible employees, with consultants and external advisers excluded.
Any later awards would require fresh Compensation Committee action by non-recipient directors, executed award documentation, and either an effective Form S-8 registration statement or another exemption confirmed by counsel, and grant dates may not be backdated. The Board has instructed officers and securities counsel to prepare and file a Form S-8 covering shares issuable under the plan, and the company clarifies that a prior registration statement describing an “issuance” of 3,000,000 RSUs did not reflect any completed grants or share issuances.
Stewards, Inc. (SWRD) released an investor corporate presentation outlining its strategy to build an integrated financial platform across private credit, income-producing real assets and developing digital infrastructure. The company’s core engine is Stewards Business Capital, which has funded 10,000+ small businesses with over $153 million in cumulative originations since 2020 through merchant cash advances and revenue-based financing.
Stewards highlights its real-assets segment via the 1818 Park property, with $158 million of allocated real estate value, about 92% occupancy, and July 2026 refinancing using a $69 million senior mortgage and $10 million mezzanine loan. It also acquired the Stewards Campus headquarters in March 2026 for about $5.9 million, partly financed with a $4.0 million mortgage at 12.00%.
The presentation also emphasizes significant risks: a history of losses, $10.1 million of cash used in operations in the first half of 2026, and only $1.1 million of unrestricted cash at June 30, 2026, with liquidity planning relying on a related-party commitment of at least $24.0 million over twelve months and no assurance of sufficient operating cash flow or additional capital availability.
Stewards, Inc. (SWRD) reports that on September 9, 2026 its board of directors and all holders of its Series A Preferred Stock approved an amendment to the Series A Certificate of Designation. On September 10, 2026 a Certificate of Amendment was filed with the Nevada Secretary of State, becoming effective upon filing.
The amendment changes Section 3(e) of the Series A Certificate of Designation to replace the prior 9.99% “Maximum Percentage” with 100% and removes language that allowed a holder to change this Maximum Percentage by written notice, while leaving the rest of Section 3(e) unchanged, including the requirement that it cannot be waived without consent of holders of a majority of the common stock. The amendment does not alter the conversion rate, conversion timing, dividend, redemption, liquidation, or voting rights of the Series A Preferred Stock. As of this report, 71,250,000 shares of Series A Preferred Stock are issued and outstanding, and all such shares approved the amendment by written consent.
Stewards, Inc. (SWRD) announced that its common stock has been approved for listing on the Nasdaq Capital Market, with trading expected to begin under the symbol “SWRD” at the market open on September 10, 2026, subject to effectiveness of its Form 8-A and customary Nasdaq listing conditions. The shares are expected to cease quotation on the OTCID Market at the close of trading on September 9, 2026, and the Nasdaq listing does not involve a concurrent public offering. Stewards describes itself as a diversified financial platform focused on private credit, real assets and technology-enabled financial infrastructure; since 2020, its platform has originated more than $153 million in cumulative direct and syndicated funding across more than 10,000 small businesses.
Stewards, Inc. (SWRD) reports that on September 3, 2026 it entered into Amendment No. 4 to its Loan Agreement with Stewards International Funds PCC, extending the facility Closing Date from August 31, 2026 to November 15, 2026. The amendment keeps the unsecured, unsubordinated note facility’s $100.0 million aggregate limit, 8.00% fixed annual interest rate, and August 31, 2030 maturity unchanged.
Warrant economics tied to the facility are modified: the Facility Warrant exercise price remains $0.76 per share, with pre‑extension advances retaining coverage of one warrant per $0.76 of principal, but funding after August 31, 2026 through the extended Closing Date earns only one warrant per $3.00 funded. All earned Facility Warrants must be issued as of November 15, 2026, and shares issued on exercise will be restricted securities unless registered or exempt. The board’s four disinterested directors approved the related‑party amendment after Glen Steward disclosed his interest and abstained. The company plans to rely on Section 4(a)(2) and/or Rule 506(b) of Regulation D for the unregistered Facility Warrants and underlying shares.
Stewards, Inc. (SWRD) has entered into a secured, short-term bridge financing arrangement with Accretiv Investment Holdings Inc. via a Promissory Note and Security Agreement for an original principal amount of $1,500,000. As of the agreement date, the lender had not yet advanced the funds, and Stewards’ payment obligations arise only upon actual receipt of the principal in immediately available funds.
The principal under the note is due on September 21, 2026, which is a firm outside date. Stewards must also pay a fixed return of $75,000, equal to 5% of the original principal, on or before November 30, 2026, earned upon funding and not prorated. The note is secured by a continuing junior security interest in substantially all of the company’s personal property and is expressly subordinate to existing senior liens, including up to $5,000,000 of secured convertible promissory notes. Upon payment default, the lender may accelerate obligations, impose $200,000 in liquidated damages, and charge default interest at 18% per annum, subject to a usury savings provision and the rights of senior lienholders.
Stewards, Inc. (SWRD) reports a contract dispute involving its planned acquisition of The Hawthorne property in Chatham, Massachusetts. Through its wholly owned subsidiary Stewards Real Estate, LLC, the company agreed on June 5, 2026 to buy the property and related assets from John E. Swenson Co., Inc. for $20.0 million in cash, with a required $1.0 million earnest-money deposit held in escrow.
The closing date was extended several times to August 10, 2026, after which no further written extension was executed. On August 18, 2026, the seller notified the buyer that it considers the buyer in default and claims the right to retain the $1.0 million deposit as liquidated damages. Stewards and its subsidiary dispute the alleged default, the seller’s entitlement to the deposit, and whether the Purchase and Sale Agreement has been terminated, and have instructed the escrow agent not to release funds. Under the agreement, the escrow agent must hold the deposit until mutual written instructions or a final court order. The company states there is no assurance the acquisition will close or that the deposit will be recovered, and notes that the dispute and its resolution could lead to legal expenses, delay or prevent completion of the acquisition, require an impairment or write-off of some or all of the deposit, and adversely affect liquidity, financial condition and results of operations.
Stewards, Inc. entered into Amendment No. 1 to a promissory note with FAVO Holdings, LLC, extending the $1,600,000 final principal installment’s maturity from May 31, 2026 to September 1, 2026. From June 1, 2026, this balance bears simple interest at 10% per year, totaling $40,000 for the extension period, due at the new maturity. The note’s 15% default interest rate is waived only for June 1 through September 1, 2026; if payment is not made in full on September 1, default interest at 15% resumes on all outstanding amounts.
FAVO Holdings is owned 65% by Vincent Napolitano and 35% by Chief Executive Officer and director Shaun Quin, making this a related-party transaction. Mr. Quin recused himself, and disinterested directors approved the amendment as fair and in the company’s best interests. The board also adopted Amended and Restated Bylaws effective August 6, 2026, revising who may call special meetings, permitting virtual or hybrid stockholder meetings, implementing a majority voting standard with a resignation policy for uncontested director elections, expanding advance notice rules for stockholder nominations and business, allowing electronic notices and uncertificated shares, and adding Nevada and federal exclusive-forum provisions for specified claims.
Stewards, Inc. entered into several financing transactions, including the refinancing of its Block 40 / 1818 Park multifamily property through a $69,000,000 senior secured loan and a mezzanine loan of up to $10,000,000. The senior loan bears interest at Term SOFR plus 3.50% (reducing to 3.00% after the Margin Change Date), matures on August 7, 2028 with three one-year extension options, carries 1% origination and exit fees, and is supported by limited-recourse carve-out guaranties from the company and certain affiliates.
The mezzanine loan is secured by a pledge of 100% of the equity in the mortgage borrower, bears interest at Term SOFR plus 12.00% (floor 14.50%) then plus 10.50% (floor 14.00%), shares the August 7, 2028 maturity and extension structure, and includes a limited payment guaranty capped at $19,750,000. Stewards, Inc. also issued $5,000,000 in secured convertible notes at 15% interest, maturing in 180 days and automatically convertible at $3.00 per share, together with five-year warrants for 1,666,665 shares at $3.00 per share, secured by a first-priority interest in substantially all personal property. Proceeds support payments under a HOPCo acquisition promissory note and general corporate purposes, while HOPCo Intermediate Holdings II, Inc. issued a convertible note to the company with an available amount of up to $25,000,000, bearing 8% paid-in-kind interest and maturing on July 27, 2031, with automatic conversion into Class A2 units if a specified equity closing does not occur by October 31, 2026.