Material Agreement, Financial Obligation (Form 8-K)

Item 1.01. Entry Into a Material Agreement.

Amended and Restated Promissory Note

On January 12, 2026, Sypris Solutions, Inc. (the "Company") and certain of its subsidiaries amended and restated its Amended and Restated Promissory Note dated March 21, 2025 (the "March 2025 Promissory Note") in favor of Gill Family Capital Management, Inc., an entity controlled by the Company's president and chief executive officer, Jeffrey T. Gill and one of its directors, R. Scott Gill (the "January 2026 Promissory Note"). Pursuant to the January 2026 Promissory Note, the parties extended the maturity date and each principal and interest payment date by one (1) year, effective January 12, 2026. Under the January 2026 Promissory Note, (i) $2,000,000 of the Company's principal commitment is due on April 1, 2027, (ii) $2,000,000 is due on April 1, 2028, (iii) $5,000,000 of the Company's principal commitment is due on April 1, 2029, (iv) and the balance of $3,000,000 is due on April 1, 2030. In addition, the January 2026 Promissory Note allows for the deferral of payment for up to 100% of the interest due on the January 2026 Promissory Note to April 1, 2027.

All other terms of the March 2025 Promissory Note remain in place.

The foregoing does not purport to be a complete description of the terms of the January 2026 Promissory Note and such description is qualified in its entirety by reference to the January 2026 Promissory Note, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.