- Current report filing (8-K)
January 24 2011 - 2:49PM
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
January 24, 2011 (January 20, 2011)
Date of Report (Date of earliest event reported)
Pinnacle Data Systems, Inc.
(Exact Name of Registrant as Specified in its Charter)
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Ohio
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001-16103
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31-1263732
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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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6600 Port Road
Groveport, Ohio 43125
(Address of principal executive offices)
(614) 748-1150
(Registrants Telephone Number, Including Area Code)
NO CHANGE
(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:
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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 CFR 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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Item 1.01
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Entry into a Material Definitive Agreement
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On January 20, 2011, Pinnacle Data Systems, Inc. (the Company) entered into a Third Amendment to Credit and Security Agreement (the
Third Amendment) with Wells Fargo Bank, National Association (Wells Fargo). The Third Amendment provides for the customary covenants for the year 2011 per the terms of the Credit and Security Agreement by and between the
Company and Wells Fargo, dated as of April 3, 2009, and as amended by a First Amendment to Credit and Security Agreement dated August 4, 2009 and a Second Amendment to Credit and Security Agreement dated November 16, 2009
(collectively, the Credit Agreement).
Except as disclosed in this Form 8-K, all other terms and conditions of the Credit
Agreement remain the same.
The Third Amendment is attached as Exhibit 10.1.
Item 2.03
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Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant
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The information described above under Item 1.01 of this Form 8-K is hereby incorporated by reference into this Item 2.03.
Item 9.01
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Financial Statements and Exhibits
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Exhibit
No.
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Description
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10.1
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Third Amendment to Credit and Security Agreement
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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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PINNACLE DATA SYSTEMS, INC.
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(Registrant)
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/s/ Nicholas J. Tomashot
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Nicholas J. Tomashot, Chief Financial Officer
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Dated: January 24, 2011
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