Current Report Filing (8-k)
December 01 2015 - 5:32PM
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
November 30, 2015
Date of Report
(Date of Earliest
Event Reported)
PCS EDVENTURES!.COM, INC.
(Exact name of Registrant as specified in its
Charter)
IDAHO |
000-49990 |
82-0475383 |
(State or Other Jurisdiction of |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
Incorporation) |
|
|
345 Bobwhite Court, Suite 200
Boise, Idaho 83706
(Address of Principal Executive
Offices)
(208) 343-3110
(Registrant’s Telephone Number, including
area code)
N/A
(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):
[ ] Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant
to Rule 14-a-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))
REFERENCES
References in this Current Report to PCS Edventures!.com,
Inc., refer to the Registrant and its subsidiaries, including the words “PCS”, “PCSV”, “we”,
“our”, “us” and words of similar import.
FORWARD-LOOKING STATEMENTS
Except for historical facts, all matters discussed
in the Press Release attached to this Current Report, which are forward-looking, involve a high degree of risk and uncertainty.
Certain statements in this Press Release set forth management’s intentions, plans, beliefs, expectations, or predictions
of the future based on current facts and analyses. When we use the words “believe”, “expect”, “anticipate”,
“estimate”, “intend” or similar expressions, we intend to identify forward-looking statements. You should
not place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated in such
statements, due to a variety of factors, risks and uncertainties. Potential risks and uncertainties include, but are not limited
to, competitive pressures from other companies within the Educational Industries, economic conditions in the Company’s primary
markets, exchange rate fluctuation, reduced product demand, increased competition, inability to produce required capacity, unavailability
of financing, government action, weather conditions and other uncertainties, including those detailed in the Company’s SEC
filings. The Company assumes no duty to update forward-looking statements to reflect events or circumstances after the date of
such statements.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.
See Item 8.01 below.
Item 8.01 Other Information.
On October 20, 2015, the Company commenced
discussions on an amendment and extension of certain existing promissory notes with one of our shareholders and board members,
Todd Hackett. On November 30, 2015, Mr. Hackett, the holder of these promissory notes, executed a Note Amendment and Extension
Agreement extending the due dates of the specific Promissory Notes detailed in the Note Table below, and amending the terms and
conditions of each original Promissory Note to omit the following condition:
Upon default in the payment
of any amount due pursuant to this Note for more than thirty (30) days after the due date, the Lender may, without notice, declare
the entire debt and principal amount then remaining unpaid under this Note immediately due and payable and may, without notice,
in addition to any other remedies, proceed against the Borrower to collect the unpaid principal and any interest due. Presentment
for payment, notice of dishonor, protest and notice of protest are waived by the Borrower and any and all others who may at any
time become liable or obligated for the payment of all or any part of this Note, the principal or interest due.
Note Table
Note Holder |
|
Original Principal Balance |
Principal 11/30/15 |
Origination Date |
Original Due Date |
Amended Due Date |
Interest Rate |
Todd Hackett |
|
$870,457 |
$892,679 |
10/21/14 |
05/31/15 |
12/31/2015 |
10% |
Todd Hackett |
|
$400,000 |
$400,000 |
01/16/15 |
06/30/15 |
12/31/2015 |
10% |
Todd Hackett |
|
$135,000 |
$135,000 |
2/17 & 3/5/15 |
06/30/15 |
12/31/2015 |
10% |
Todd Hackett |
|
$135,000 |
$40,000 |
04/20/15 |
06/30/15 |
12/31/2015 |
10% |
Todd Hackett |
|
$200,000 |
$200,000 |
10/21/2014 |
10/22/15 |
12/31/2015 |
10% |
SIGNATURES
Pursuant to the requirements of the Securities
and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto
duly authorized.
PCS EDVENTURES!.COM, INC.
Dated: |
December 1, 2015 |
|
By: |
/s/ Robert Grover |
|
|
|
|
Executive Vice President |
|
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