MCVT.NYSE ARCAMill City Ventures Iii, LTD

10-K/A: Mill City Ventures III Files Amendment to 10-K to Include Clawback Policy

Sentiment:

10-K/A Amendment

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Mill City Ventures III, Ltd. files an amendment to its annual report on Form 10-K to include the previously omitted Clawback Policy.

Summary

  • Mill City Ventures III, Ltd. filed an amendment (No. 1) to its Annual Report on Form 10-K for the year ended December 31, 2024.
  • The amendment was filed solely to include Exhibit 97, the company's Clawback Policy, which was inadvertently omitted from the original filing.
  • The original Form 10-K was filed on March 10, 2025.
  • The company has not updated any other information contained in the original Form 10-K, and the amendment speaks as of the original filing date.
  • As of June 30, 2024, the aggregate market value of the 1,798,872 shares of voting common stock held by non-affiliates was $5,360,639, based on a closing price of $2.98 per share.
  • As of May 7, 2025, there were 6,062,773 shares of the company's common stock outstanding.

Sentiment

Score: 7

Explanation: The document is a routine amendment to include a missing exhibit, suggesting a neutral to slightly positive sentiment as the company is addressing compliance matters.

Positives

  • The company is taking steps to ensure compliance with regulatory requirements by including the Clawback Policy.

Key Dates

DateDescription
January 23, 2013Amended and Restated Articles of Incorporation of Mill City Ventures III, Ltd.
January 29, 2008Amended and Restated Bylaws of Mill City Ventures III, Ltd.
January 29, 2008Form of Common Stock Certificate
January 2, 2022Loan and Security Agreement with Eastman Investment, Inc., and Lyle A. Berman
January 10, 20228-K filing related to Loan and Security Agreement with Eastman Investment, Inc., and Lyle A. Berman
July 28, 2022Code of Ethics S-1/A
August 11, 2022Articles of Amendment to Amended and Restated Articles of Incorporation of Mill City Ventures III, Ltd.
December 15, 2022Stock Incentive Plan DEF 14A
December 28, 2022Subordination and Intercreditor Agreement with Orion Pip, LLC
April 17, 2023Employment Agreement with Douglas Polinsky
April 17, 2023Employment Agreement with Joseph Geraci
August 15, 2023Amendment No. 1 to Stock Incentive Plan
October 2, 2023Effective Date of the Clawback Policy
April 29, 2024Amendment No. 1 to Fourth Short-Term Loan Agreement and Fourth Short-Term Promissory Note with Mustang Funding, LLC
November 12, 202410-Q filing related to Fourth Short-Term Loan Agreement with Mustang Funding, LLC
November 18, 2024Amendment No. 2 to Fourth Short-Term Loan Agreement and Fourth Short-Term Promissory Note with Mustang Funding, LLC
November 20, 20248-K filing related to Amendment No. 2 to Fourth Short-Term Loan Agreement and Fourth Short-Term Promissory Note with Mustang Funding, LLC
December 18, 2024Amendment No. 3 to Fourth Short-Term Loan Agreement and Fourth Short-Term Promissory Note with Mustang Funding, LLC
January 7, 2025Amendment No. 4 to Fourth Short-Term Loan Agreement and Fourth Short-Term Promissory Note with Mustang Funding, LLC
January 22, 2025Amendment No. 5 to Fourth Short-Term Loan Agreement and Fourth Short-Term Promissory Note with Mustang Funding, LLC
January 24, 2025Amended and Restated Subordination and Intercreditor Agreement with Orion Pip, LLC
January 24, 2025Security Agreement with Mustang Funding, LLC
February 3, 20258-K filing related to Executive Employment Agreement with Joseph Geraci
February 3, 20258-K filing related to Executive Employment Agreement with Douglas Polinsky
February 3, 20258-K filing related to Amendment No. 5 to Fourth Short-Term Loan Agreement and Fourth Short-Term Promissory Note with Mustang Funding, LLC
February 3, 20258-K filing related to Amended and Restated Subordination and Intercreditor Agreement with Orion Pip, LLC
February 3, 20258-K filing related to Security Agreement with Mustang Funding, LLC
March 10, 2025Original Form 10-K filing for the year ended December 31, 2024
March 10, 2025Consent of Independent Registered Public Accounting Firm
May 7, 2025Date as of which there were 6,062,773 shares of the registrant's common stock outstanding.
May 8, 2025Date of signatures for the Form 10-K/A

Keywords

Clawback Policy, Form 10-K/A, Amendment, Financial Reporting, Mill City Ventures III, MCVT

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