Ballantyne OF Omaha Inc - Current report filing (8-K)
April 04 2008 - 5:12PM
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
March 31, 2008
Date
of Report (Date of earliest event reported)
BALLANTYNE
OF OMAHA, INC.
(Exact
name of registrant as specified in its charter)
Delaware
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1-13906
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47-0587703
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(State or other jurisdiction of
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(Commission
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(IRS Employer
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incorporation or organization)
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File No.)
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Identification Number)
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4350 McKinley Street
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Omaha,
Nebraska
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68112
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(Address of principal executive offices)
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(Zip Code)
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(402) 453-4444
(Registrants
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) :
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))
Form 8-K
Item 3.03
Material
Modification of Rights of Security Holders
Effective March 31, 2008, the Company
entered into a Seventh Amendment to its $4 million Revolving Credit Agreement
(the Original Credit Facility) with First National Bank of Omaha, Inc.
to allow an interim extension of credit (the Interim Credit Facility) in the
amount of $10.4 million in addition to the $4 million allowed under the
Original Credit Facility. The Interim Credit Facility is evidenced by a
Promissory Note with an interest rate set at a floating rate as defined in the
Seventh Amendment. The Interim Credit Facility expires on March 30, 2009. The
credit facilities contain certain restrictions primarily related to
restrictions on acquisitions and dividends.
All of the Companys personal property and certain stock in its
subsidiaries secure the credit facilities.
No amounts are currently outstanding under either of the credit facilities.
Item 9.01
Financial
Statements and Exhibits
(d) Exhibits.
4.1 Seventh Amendment to the Revolving Credit
Agreement dated March 31, 2008 between the Company and First National Bank
of Omaha, Inc.
4.2 Secured Business Promissory Note dated March 31,
2008 between the Company and First National Bank of Omaha, Inc.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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BALLANTYNE
OF OMAHA, INC.
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Date:
April 4, 2008
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By:
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/s/
Kevin Herrmann
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Kevin
Herrmann
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Secretary/Treasurer
and
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Chief
Financial Officer
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2
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