- Current report filing (8-K)
October 15 2009 - 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):
October 14, 2009
CROCS,
INC.
(Exact name of
Registrant as specified in its charter)
Delaware
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0-51754
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20-2164234
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(State or other
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(Commission
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(I.R.S. Employer
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jurisdiction
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File Number)
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Identification
No.)
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of
incorporation)
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6328
Monarch Park Place
Niwot, Colorado
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80503
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(Address of
principal executive offices)
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(Zip Code)
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Registrants
telephone number, including area code:
(303) 848-7000
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(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive
Agreement.
On October 14, 2009, Crocs, Inc. (the Company) its
subsidiaries, Crocs Retail, Inc., Crocs Online, Inc., Ocean Minded, Inc.,
Jibbitz, LLC and Bite, Inc. (collectively with the Company, the Borrowers),
and PNC Bank, National Association (Bank), entered into First Amendment to Revolving
Credit and Security Agreement (the Amendment) to clarify the intentions and
understandings of the parties with respect to the tangible net worth financial
covenant contained in the Revolving Credit and Security Agreement dated September 25,
2009 (the Credit Agreement). The
Amendment decreases the Borrowers minimum tangible net worth requirement from
$266 million to $205 million, measured at the end of each fiscal quarter, commencing
with the fiscal quarter ending December 31, 2009.
Item
9.01. Financial Statements
and Exhibits.
(d)
Exhibits.
10.1
First Amendment to Revolving Credit and
Security Agreement, dated October 14, 2009, by and among Crocs, Inc.,
Crocs Retail, Inc., Crocs Online, Inc., Ocean Minded, Inc.,
Jibbitz LLC, Bite, Inc. and PNC Bank, National Association.
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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CROCS, INC.
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Date:
October 15, 2009
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By:
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/s/ Russell C.
Hammer
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Russell C.
Hammer,
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Chief
Financial Officer, Senior Vice President - Finance and Treasurer
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2
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