Champion Industries Inc - Current report filing (8-K)
April 25 2008 - 5:28PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC
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)
April 22,
2008
Champion
Industries, Inc.
(Exact
Name of Registrant as Specified in Its Charter)
West
Virginia
(State or
Other Jurisdiction of Incorporation)
0-21084
55-0717455
(Commission
File
No.) (IRS
Employer Identification No.)
2450 First Avenue
|
|
|
P. O. Box 2968
|
|
|
Huntington, West Virginia
|
|
25728
|
(Address of Principal Executive
Offices)
|
|
(
Zip
Code)
|
(304)
528-2700
(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):
|
0
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
0
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
0
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
0
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
INFORMATION
TO BE INCLUDED IN THE REPORT
|
|
Item
2.03. Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.
|
|
|
On April 22, 2008, Champion Industries, Inc. (“Champion”) executed and
delivered to First Bank of Charleston, of Charleston West Virginia, a
Promissory Note dated April 22, 2008 in principal amount of $767,852.00
bearing interest at the variable “Wall Street Journal” prime rate and
maturing May 5, 2013, with 60 monthly payments of principal and
interest in amount of $14,634.09 each, the final payment including all
principal and accrued interest not yet paid. The note is governed by a
business loan agreement dated April 22, 2008 and secured by a Commercial
Security Agreement dated April 22, 2008 creating a security
interest in all equipment purchased from Bowe Bell & Howell including
but not limited to Criterion IV, MLOCR sorting system, readers, tables,
bins, sorters, modules, racks, trays, and software.
|
|
|
|
|
|
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.
|
|
|
CHAMPION
INDUSTRIES, INC.
(Registrant)
|
Date: April
25, 2008
|
|
|
|
|
/s/
Todd R. Fry
Todd
R. Fry, Senior Vice President
and
Chief Financial Officer
|
EXHIBIT
INDEX
Exhibit
Number
|
|
Description
|
|
|
|
10.1
|
|
PROMISSORY
NOTE
|
10.2
|
|
SECURITY
AGREEMENT
|
10.3
|
|
BUSINESS LOAN
AGREEMENT
|
Champion Industries (CE) (USOTC:CHMP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Champion Industries (CE) (USOTC:CHMP)
Historical Stock Chart
From Jul 2023 to Jul 2024