Attached files
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| EX-10.1 - EXHIBIT 10.1 - HYPERCOM CORP | ex10-1.htm |
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 30, 2010
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Hypercom Corporation
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(Exact name of registrant as specified in its charter)
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Delaware
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001-13521
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86-0828608
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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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8888 East Raintree Drive
Suite 300
Scottsdale, Arizona
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85260
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: 480-642-5000
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Not applicable
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(Former name or former address, if changed since last report.)
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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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Reference is hereby made to the information set forth under Item 2.03 of this Current Report on Form 8-K. The disclosure contained in Item 2.03 is hereby incorporated by reference in its entirety into this Item 1.01.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On December 30, 2010, two subsidiaries of Hypercom Corporation (the “Company”) and Bank of America, N.A. (the “Bank”) entered into an amendment (the “Amendment”) to the Loan and Security Agreement (the “Loan Agreement”) among the parties, dated January 15, 2008, and the accompanying fee letter. Pursuant to the Amendment, all amounts outstanding under the Loan Agreement will now be due on January 14, 2012 (previously January 15, 2011). In addition, the revolving credit facility under the Loan Agreement is set at a maximum of up to $25.0 million (previously up to $40.0 million if certain conditions were met). The interest rates under the Loan Agreement remain unchanged by the Amendment and there are no other material changes to the Loan Agreement pursuant to the Amendment. The Company’s subsidiaries that are borrowers under the Loan Agreement are required to pay a $25,000 amendment fee to the Bank.
The foregoing description of the Amendment is qualified in its entirety by reference to the complete terms and conditions of the Amendment, a copy of which is attached to this Current Report on Form 8-K and is incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Exhibit
SIGNATURE
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.
HYPERCOM CORPORATION
Date: January 5, 2011 /s/ Thomas B. Sabol
Thomas B. Sabol
Chief Financial Officer
INDEX TO EXHIBITS
Exhibit No. Exhibit