Current Report Filing (8-k)
August 24 2016 - 6:03AM
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
Date of Report (Date of Earliest Event Reported): August
22, 2016
REAL GOODS SOLAR, INC.
(Exact Name of Registrant as Specified in
its Charter)
Colorado
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001-34044
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26-1851813
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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833 West South Boulder Road, Louisville,
CO 80027-2452
(Address of Principal Executive Offices,
Including Zip Code)
Registrant’s telephone number, including
area code: (303) 222-8300
Not Applicable
(Former Name or Former Address, if Changed
Since Last Report)
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. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01.
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Entry into a Material Definitive Agreement.
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On August 22, 2016, to be effective August 19, 2016, Real
Goods Solar, Inc. (the “Company”) and certain of its wholly-owned subsidiaries (collectively with the Company,
the “Borrower Parties”) entered into a Second Loan Modification Agreement to the Amended and Restated Loan
Agreement (the “Modification”) with Solar Solutions and Distribution, LLC, a Colorado limited liability company
(“Solar Solutions”). The Modification modifies the Amended and Restated Loan Agreement dated March 30, 2016,
between the Borrower Parties and Solar Solutions (the “Loan Agreement”) to reschedule and extend the date at
which the reduction in the percentage value of certain collateral of the Company (the “Collateral”) included in
the Borrower Parties’ assets under the Loan Agreement occurs. The Collateral consists of certain third party accounts
receivable due to one or more of the Borrower Parties. The impact of the Modification was to increase the percentage of the
aggregate value of collateral provided by the Borrower Parties to Solar Solutions against which Solar Solutions provides
advances under the Loan Agreement. By increasing the percentage of aggregate collateral available to support loan advances,
the amount that the Borrower Parties may borrow from Solar Solutions within the limits of the Loan Agreement, at August 19,
2016, was increased. The Modification does not increase the maximum amount that the Borrower Parties may borrow under the
Loan Agreement at any one time.
The foregoing summary of the Modification is not complete and is
qualified in its entirety by reference to the Modification, a copy of which is included as an exhibit to this Current Report on
Form 8-K.
In addition to being a lender to the Company, Solar Solutions supplies
the Company with certain renewable energy products under an Exclusive Master Supply Agreement dated April 29, 2015, as extended
by agreement of the parties on May 19, 2016, to a final maturity on or before March 30, 2017.
Item 9.01.
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Financial Statements and Exhibits.
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(d) Exhibits
Exhibit
No.
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Description
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10.1
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Second Loan Modification Agreement made as of August 22, 2016, but effective August 19, 2016.
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SIGNATURE
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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REAL GOODS SOLAR, INC.
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By:
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/s/ Michael J. McCloskey
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Michael J. McCloskey
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General Counsel
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Date: August 23, 2016
EXHIBIT INDEX
Exhibit
No.
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Description
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10.1
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Second Loan Modification Agreement made as of August 22, 2016, but effective August 19, 2016
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