Material Agreement, Financial Obligation (Form 8-K)

Item 1.01. Entry into a Material Definitive Agreement.

On February 27, 2026, Bisco Industries, Inc. ("Bisco"), a wholly-owned subsidiary of EACO Corporation ("EACO," together with Bisco, the "Company"), executed a Change in Terms Agreement dated as of February 15, 2026 (the "Amendment") with Citizens Business Bank (the "Lender") in connection with a revolving line of credit (Loan No. 155354101) in the principal amount of $20,000,000. The Change in Terms Agreement extends the maturity date of the revolving line of credit to February 15, 2028.

Effective February 15, 2026, the interest rate under the revolving line of credit will not be less than 4.000% per annum (and not more than the maximum rate permitted by applicable law). The Change in Terms Agreement also modified certain financial reporting covenants referenced in a Business Loan Agreement dated April 12, 2024. Except as expressly modified, the terms of the existing indebtedness remain in full force and effect.

In connection with the foregoing, on February 27, 2026, EACO executed a Commercial Guaranty in favor of the Lender pursuant to which EACO agrees to guarantee the payment and performance of Bisco's obligations under the revolving line of credit and related loan documents.

The foregoing descriptions are qualified in their entirety by the Amendment and the Commercial Guaranty, which are filed herewith, and the Business Loan Agreement and other ancillary agreements previously filed by the Company with the Securities and Exchange Commission.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated herein by reference. By executing the Commercial Guaranty described above, EACO agrees to guarantee up to $20,000,000 of indebtedness under the revolving line of credit and related loan documents.