Current Report Filing (8-k)
February 20 2018 - 4:47PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
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): February 19, 2018
SPYR, INC.
(Exact
Name of Registrant as Specified in its Charter)
Nevada
(State or other jurisdiction of
incorporation
or organization)
|
Commission File Number
33-20111
|
75-2636283
(I.R.S. Employer
Identification Number)
|
4643 South Ulster Street, Suite 1510
Regency Plaza
Denver Colorado 80237
(Address of Principal Executive Offices and
Zip Code)
(303) 991-8000
(Issuer's telephone number)
(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:
¨
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))
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act
of 1934 (17 CFR §240.12b-2).
Emerging growth company
☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Section 1 - Registrant’s Business
and Operations
Item 1.01 Amendment of a Material
Definitive Agreement.
(a)(b) On September 5, 2017, the Registrant
entered into a Revolving Credit Loan Agreement with Berkshire Capital Management Co. Inc. (“Berkshire”) previously
disclosed on Form 8-K filed on September 6, 2017. A material relationship exists between the Registrant and Berkshire, as Berkshire’s
President, Mr. Joseph Fiore, is also the Registrant’s director and treasurer.
The parties entered into a first amendment
on November 27, 2017, which increased the maximum amount of the credit facility from five hundred thousand dollars ($500,000.00)
to one million dollars ($1,000,000), with interest on amounts due calculated at 6% per annum. Form 8-K was filed on November 30,
2017. Pursuant to the first amendment, the Registrant agreed to repay outstanding principal and interest by February 28, 2018.
On February 19, 2018, the Registrant and Berkshire
entered into a second amendment extending the maturity date from February 28, 2018 to February 28, 2019. The remainder of the terms
remain in full force and effect.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
Exhibit Index:
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.
SPYR, INC. (Registrant)
Date February 20, 2018
By:
/s/
James R. Thompson
Chief Executive Officer
President
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