Current Report Filing (8-k)
May 13 2016 - 4:02PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
May
9, 2016
|
Date of report (Date of earliest event reported)
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SurModics, Inc.
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(Exact Name of Registrant as Specified in its Charter)
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Minnesota
|
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0-23837
|
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41-1356149
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(State of Incorporation)
|
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(Commission File Number)
|
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(I.R.S. Employer
Identification No.)
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9924 West 74
th
Street
Eden Prairie, Minnesota
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55344
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(952) 500-7000
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(Registrant’s Telephone Number, Including Area Code)
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Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions
(see General Instruction A.2):
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On May 9, 2016, SurModics, Inc. (the “
Company
”) entered
into a Fifth Amendment to Credit Agreement (the “
Fifth Amendment
”)
with Wells Fargo Bank, N.A. (“
Wells Fargo
”), amending and
modifying the secured revolving line of credit governed by that certain
Credit Agreement by and between the Company and Wells Fargo, dated as of
November 4, 2013. The Fifth Amendment modifies covenants with respect
to (a) permitted indebtedness, including, more specifically, allowing
indebtedness in favor of any of the Company’s subsidiaries, and
(b) permitted loans, advances or investments, including, more
specifically, allowing (i) investments consisting of extensions of
credit to any of the Company’s subsidiaries in an amount not to exceed
$2.0 million in the aggregate, and (ii) certain loans, advances or
investments in connection with capital expenditures in an amount not to
exceed $12.5 million in the aggregate. No borrowings have yet been made
under the Credit Agreement.
The foregoing description of the Fifth Amendment does not purport to be
complete and is qualified in its entirety by reference to the full text
of the Fifth Amendment, which will be filed as an exhibit to the
Company’s Form 10-Q for the fiscal quarter ending on June 30, 2016.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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SURMODICS, INC.
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Date:
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May 13, 2016
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/s/ Bryan K. Phillips
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Bryan K. Phillips
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Sr. Vice President and General Counsel
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