Form 8-K

 

 

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): December 31, 2008

 

 

KVH Industries, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   0-28082

(State or Other Jurisdiction

of Incorporation)

   (Commission File Number)

05-0420589

(IRS Employer Identification No.)

 

50 Enterprise Center

Middletown, RI

   02842
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (401) 847-3327

(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 14a-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))

 

 

 

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

Credit Agreement Amendment

On December 31, 2008, Bank of America, N.A. and KVH Industries, Inc. (the “Company”) amended the maturity date of the Amended and Restated Credit Security Agreement, dated July 17, 2003, providing for a $15,000,000 line of credit (the “Line”) to the Company from December 31, 2008 to December 31, 2011.

The foregoing description of the amendment to the Line is qualified in its entirety by reference to Fourth Amendment and Note Modification Agreement filed as Exhibit 10.1 to this Report on Form 8-K and incorporated by reference herein.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

 

  (d) Exhibits

 

Exhibit No.

  

Description

10.1   Fourth Amendment and Note Modification Agreement, dated December 31, 2008 by and among KVH Industries, Inc., (the “Borrower”), and Bank of America, N.A. (the Bank).

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.

 

        KVH INDUSTRIES, INC.
Date: January 2, 2009     BY:  

/s/    PATRICK J. SPRATT

     

Patrick J. Spratt

Chief Financial and Accounting Officer

EXHIBIT INDEX

 

Exhibit No.

  

Description

10.1   Fourth Amendment and Note Modification Agreement, dated December 31, 2008 by and among KVH Industries, Inc., (the “Borrower”), and Bank of America, N.A. (the Bank).