Bankruptcy: COSKEY WILLIAM A

Form Type: SCHEDULE 13D/A

Filing Date: 2025-04-16

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000164117225005059

Filing Summary: This Amendment No. 4 to Schedule 13D relates to shares of common stock of ENGlobal Corporation. William A. Coskey, along with Alliance 2000, Ltd., filed this amendment detailing their stake in the company, which includes beneficial ownership of 1,133,660 shares, representing approximately 22.0% of the outstanding shares. It addresses Coskey's role as the President of BHC Management Corp. and his influence over corporate activities. The document highlights recent changes, including a Credit Agreement with modified terms and the potential for the Reporting Persons to acquire additional shares. Notably, ENGlobal Corporation and its subsidiaries filed for Chapter 11 bankruptcy on March 5, 2025, thereby seeking relief and continuing business operations under bankruptcy court jurisdiction. An interim order allowed the company to enter a DIP Credit Agreement, and a sale agreement was executed with Gulf Island Fabrication, Inc. to transfer Alliance's loan rights.

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