Allied Healthcare Products Inc - Current report filing (8-K)
October 06 2008 - 12:18PM
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)
September
30, 2008
ALLIED
HEALTHCARE PRODUCTS, INC.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or Other Jurisdiction
of
Incorporation)
|
0-19266
(Commission
File
Number)
|
25-1370721
(IRS
Employer
Identification
No.)
|
1720
Sublette Avenue, St. Louis, Missouri
|
63110
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code
|
(314)
771-2400
|
|
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4© under the Exchange Act
(17 CFR 240.13e-4(c))
SECTION
1
- REGISTRANT’S BUSINESS AND OPERATIONS
ITEM
1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
The
information set forth under Item 2.03 of this Current Report on Form 8-K is
hereby incorporated herein by this reference.
SECTION
2
- FINANCIAL INFORMATION
ITEM
2.03
CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE
SHEET ARRANGEMENT OF A REGISTRANT.
On
September 30, 2008, Allied Healthcare Products, Inc., a Delaware corporation
(the “Company”), amended that certain Loan and Security Agreement dated as of
April 24, 2002, as amended by that certain First Amendment Letter Agreement
dated as of September 26, 2002, that certain Second Amendment Letter Agreement
dated as of September 26, 2003, that certain Third Amendment Letter Agreement
dated as of August 27, 2004, and that certain Fourth Amendment to Loan and
Security Agreement dated as of September 1, 2005 (as amended, the “Loan
Agreement”), by entering into a Fifth Amendment to Loan and Security Agreement
effective as of September 30, 2008 (the “Fifth Amendment”).
The
primary effects of the Fifth Amendment are to:
(i)
extend
the maturity date of the Loan Agreement until September 1, 2010;
(ii)
reduce
the Level V unused line fee payable by the Company;
(iii)
change
the Company’s obligation to deliver financial statements from monthly to
quarterly;
(iv)
adjust
the fixed charge coverage ratio calculated contained in the Loan Agreement;
and
(v)
increase
the capital expenditure limitation to $4,000,000 for the Company’s fiscal year
ending June 30, 2009.
The
foregoing summary is qualified in its entirety by reference to the text of
the
Fifth Amendment, which is filed as Exhibit 10.1 and is incorporated herein
by
reference.
SECTION
9
- FINANCIAL STATEMENTS AND EXHIBITS
ITEM
9.
01
FINANCIAL STATEMENTS AND EXHIBITS
.
(c)
Exhibits
Exhibit
No.
|
|
Description
|
|
|
|
10.1
|
|
Fifth
Amendment to Loan and Security Agreement by and between the Company
and
LaSalle Bank National Association, dated September 30, 2008.
|
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, thereto
duly authorized.
Date:
September 30, 2008
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|
|
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ALLIED
HEALTHCARE PRODUCTS, INC.
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|
|
|
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By:
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/s/
Daniel C. Dunn
|
|
Daniel
C. Dunn
|
|
Chief
Financial Officer
|
|
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INDEX
TO
EXHIBITS
Exhibit
No.
|
|
Description
|
|
|
|
10.1
|
|
Fifth
Amendment to Loan and Security Agreement by and between the Company
and
LaSalle Bank National Association, dated September 30, 2008.
|
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