Current Report Filing (8-k)
April 05 2017 - 6:05AM
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):
March 30, 2017
COMMAND
SECURITY CORPORATION
(Exact
name of registrant as specified in its charter)
New
York
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001-33525
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14-1626307
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
Number)
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512
Herndon Parkway, Suite A, Herndon, Virginia 20170
(Address
of principal executive offices, including zip code)
(703)
464-4735
(Registrant’s
telephone number, including area code)
N/A
(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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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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 Entry into a Material Definitive Agreement.
On
March 30, 2017, Command Security Corporation (the “Company,” “we” or “us”) entered into the
Eighth Amendment (the “Amendment”) to the Credit and Security Agreement, dated as of February 12, 2009, by and between
the Company and Wells Fargo Bank, National Association (“Wells Fargo”) (as amended, the “Credit Agreement”).
The
Amendment provides for, among other things, (i) an increase in the maximum revolving line of credit amount from $20,000,000 to
$27,500,000, (ii) an extension in the maturity date from March 31, 2017 to March 31, 2020, (iii) certain amendments to our financial
covenants and (iv) a prohibition on our declaration or payment of any dividends (other than dividends payable solely in our stock),
on our purchase, redemption or retirement of any of our securities or indebtedness and on our distribution regarding any of our
stock.
A
copy of the Amendment is attached to this current report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the
full text of the Amendment.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
We
incorporate by reference herein the Exhibit Index following the signature page to this Current Report on Form 8-K.
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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COMMAND
SECURITY CORPORATION
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Dated:
April 4, 2017
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By:
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/s/
N. Paul Brost
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Name:
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N.
Paul Brost
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Title:
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Chief
Financial Officer
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Exhibit
Index
Exhibit
No.
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Description
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10.1
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Eighth
Amendment to Credit and Security Agreement, dated as of March 30, 2017, by and between Command Security Corporation and Wells
Fargo Bank, National Association.
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