Current Report Filing (8-k)
April 11 2018 - 4:17PM
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): April 5, 2018
OPTEX
SYSTEMS HOLDINGS, INC.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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000-54114
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90-0609531
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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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1420
Presidential Drive, Richardson, TX
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75081-2439
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(Address of principal
executive offices)
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(Zip Code)
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Registrant’s
telephone number, including area code: (972) 644-0722
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)
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☐ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 DFR 240.14a-12)
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☐ Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐ Pre-commencement communications
pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐
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Emerging growth company
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☐
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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.
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Item
1.01 Amendment to a Material Definitive Agreement
Optex
Systems Holdings, Inc. (“the Company”) amended its revolving credit facility with Avidbank pursuant to a Seventh Amendment
to Amended and Restated Loan Agreement, dated as of April 5, 2018. The substantive amendments are as follows:
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●
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The
new revolving maturity date is April 21, 2020:
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●
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On
April 21, 2018 and each anniversary thereof for so long as the Revolving Facility is
in effect, the Company shall pay a facility fee equal to one half of one percent (0.5%)
of the Revolving Line.
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●
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The
Company can maintain accounts at third party banks so long as the total in those other
bank accounts does not exceed 20% of the total on deposit at Avidbank, and it shall remit
to Avidbank monthly statements for all of those accounts within 30 days of the end of
each month.
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The
foregoing is a summary description of the material terms of the amendment and is qualified in its entirety by the text of the
form of Amendment, attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference to this Item 1.01.
Item
9.01 Exhibit
Exhibit 99.1 Form of Amendment to Avidbank Facility
S
IGNATURES
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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Optex Systems Holdings, Inc.
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(Registrant)
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By:
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/s/
Karen Hawkins
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Karen Hawkins
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Title:
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Chief Financial
Officer
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Date:
April 11, 2018
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