Current Report Filing (8-k)
March 05 2014 - 9:00AM
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 5, 2014 (February
27, 2014)
DGSE
COMPANIES, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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1-11048
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88-0097334
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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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15850 Dallas Parkway, Suite 140
Dallas, Texas 75248
(Address
of Principal Executive Offices) (Zip Code)
(972) 587-4049
(Registrant’s
telephone number, including area code)
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):
⃞
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
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Entry into a Material Definitive Agreement.
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On February 27, 2014, DGSE Companies, Inc., a Nevada corporation (the “Company”)
entered into that certain Amendment to Loan Agreement and Revolving
Credit Note, dated February 25, 2014, by and between the Company and NTR
Metals, LLC, a Texas limited liability company and the Company’s
controlling shareholder (“NTR”), in form attached hereto as Exhibit 10.1
(the “Amendment”), (i) extending the termination date of
that certain Loan Agreement, dated July 19, 2012, by and between the
Company and NTR, in form attached hereto as Exhibit 10.2 (the “Loan
Agreement”), from August 1, 2014 to August 1, 2015 and (ii)
extending the maturity date of that certain Revolving Credit Note, dated
July 19, 2012, by and between the Company and NTR, in form attached
hereto as Exhibit 10.3 (the “Note”), from August 1,
2014 to August 1, 2015. Pursuant to the terms of the Amendment, the
Company further agreed that all guaranties, security interests and liens
granted by the Company in favor of NTR pursuant to the requirements of
the Loan Agreement would remain in full force and effect commensurate
with the extension of the termination date of the Loan Agreement and the
maturity date of the Note.
On March 5, 2014, the Company issued a press release announcing the
Amendment. A copy of the Company’s press release, dated March 5, 2014,
is attached hereto as Exhibit 99.1.
Item 9.01
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Financial Statements and Exhibits.
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(a)
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Not applicable.
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(b)
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Not applicable.
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(c)
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Not applicable.
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(d)
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Exhibits.
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Exhibit No.
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Description
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10.1
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Amendment to Loan Agreement and Revolving Credit Note, dated
February 25, 2014, by and between the Company and NTR
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10.2
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Loan Agreement, dated July 19, 2012 (previously filed as Exhibit
10.1 to the Company’s Current Report on Form 8-K filed by the
Company on July 20, 2012 and incorporated herein by reference)
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10.3
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Revolving Credit Note, dated July 19, 2012 (previously filed as
Exhibit 10.3 to the Company’s Current Report on Form 8-K filed by
the Company on July 20, 2012 and incorporated herein by reference)
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99.1
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Press Release dated March 5, 2014
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EXHIBITS
Exhibit No.
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Description
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10.1
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Amendment to Loan Agreement and Revolving Credit Note, dated
February 25, 2014, by and between the Company and NTR
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10.2
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Loan Agreement, dated July 19, 2012 (previously filed as Exhibit
10.1 to the Company’s Current Report on Form 8-K filed by the
Company on July 20, 2012 and incorporated herein by reference)
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10.3
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Revolving Credit Note, dated July 19, 2012 (previously filed as
Exhibit 10.3 to the Company’s Current Report on Form 8-K filed by
the Company on July 20, 2012 and incorporated herein by reference)
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99.1
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Press Release dated March 5, 2014
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SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Date:
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March 5, 2014
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By:
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/s/ James J. Vierling
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James J. Vierling
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Chief Executive Officer
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