Current Report Filing (8-k)
March 05 2014 - 11:51AM
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): February 27, 2014
R. G. BARRY CORPORATION
(Exact name of registrant as specified in its charter)
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Ohio |
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1-8769 |
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31-4362899 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
13405 Yarmouth Road N.W., Pickerington, Ohio 43147
(Address of principal executive offices) (Zip Code)
(614) 864-6400
(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):
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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)) |
Item 1.01. |
Amendment of Material Definitive Agreement. |
R.G. Barry Corporation, an Ohio corporation (the
Company), is a party to a Credit Agreement, dated as of March 1, 2011 (the Loan Agreement) with The Huntington National Bank, a national banking association (the Lender). The Loan Agreement was filed with the
Securities and Exchange Commission as Exhibit 10.1 to the Companys Quarterly Report on Form 10-Q for the quarterly period ended April 2, 2011 Form (SEC File No. 001-08769). Capitalized terms that are used in this Item 1.01 that
are not defined are intended to have the meanings given to them in the Loan Agreement. The description of certain terms of the Loan Agreement that are provided in this Item 1.01 is qualified in its entirety to the full text of the Loan
Agreement.
Pursuant to a Change In Terms Agreement, dated as of February 27, 2014, the Company and the Lender agreed to amend the Loan Agreement to
extend the Revolving Credit Termination Date from March 1, 2014 to June 1, 2014. The Revolving Credit Termination Date is the date the commitment of the Lender to make Revolving Credit Loans to the Company and issue facility letters of
credit for the account of the Company terminates.
Under the terms of the Loan Agreement, the Lender has agreed to make Revolving Credit Loans to the
Company in an aggregate principal amount of up to $5 million from January 1 through June 30 of each calendar year and in an aggregate principal amount of up to $10 million from July 1 through December 31 of each calendar year and to issue
letters of credit for the account of the Company totaling a maximum of $1.5 million.
Item 9.01. |
Financial Statements and Exhibits. |
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(d) |
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Exhibit
No. |
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Description |
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10.1 |
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Change in Terms Agreement, dated as of February 27, 2014, by and between R.G. Barry Corporation and The Huntington National Bank |
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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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R. G. BARRY CORPORATION |
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March 5, 2014 |
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By: |
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/s/ Jose G. Ibarra |
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Jose G. Ibarra |
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Sr. Vice President-Finance & CFO |
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EXHIBIT INDEX
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Exhibit No. |
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Description |
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10.1 |
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Change in Terms Agreement, dated as of February 27, 2014, by and between R.G. Barry Corporation and The Huntington National Bank |
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