Attached files
| file | filename |
|---|---|
| EX-99.1 - ZCO LIQUIDATING Corp | v210950_ex99-1.htm |
| EX-99.2 - ZCO LIQUIDATING Corp | v210950_ex99-2.htm |
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 7,
2011
OCZ
Technology Group, Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
1-34650
|
04-3651093
|
||
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification
No.)
|
6373
San Ignacio Avenue
San
Jose, California 95119
(Address
of principal executive offices)
Registrant’s telephone number,
including area code: (408) 733-8400
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):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
On
February 7, 2011, OCZ Technology Group, Inc. (“OCZ”)
amended and restated the
existing Loan and Security Agreement dated July 9, 2009 with Silicon
Valley Bank (“SVB”),
pursuant to which OCZ may request advances in an aggregate outstanding amount
not to exceed $25.0 million, with a maturity date of February 6,
2012. The revolving loan bears interest at a variable rate of
interest, per annum, ranging between prime +1.5% to prime +2.5%. The
new agreement contains financial covenants for quarterly EBITDA, as defined in
the agreement, and a monthly quick-ratio computation. There are also
provisions for letter of credit sub-limits and various operational, reporting,
negative and affirmative covenants with which OCZ must comply. A copy
of the Amended and Restated Loan and Security Agreement, which is effective as
of February 7, 2011, is attached to this Form 8-K as Exhibit 99.2.
On
February 10, 2011, OCZ issued a press release announcing the signing of the
Amended
and Restated
Loan and Security Agreement with SVB. A copy of the press
release is attached hereto as Exhibit 99.1.
Item
2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
|
(a)
|
The
information set forth in Item 1.01 above is incorporated into this Item
2.03(a) by reference.
|
Item 9.01
Financial Statements and Exhibits.
(a) Exhibits.
|
Exhibit
No.
|
Document
Description
|
|
|
99.1
|
Press
release announcing the Amended and Restated Loan and Security Agreement
with SVB, dated February 10, 2011
|
|
99.2
|
Amended
and Restated Loan and Security Agreement, dated February 7,
2011
|
2
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 thereunto duly
authorized.
|
OCZ
Technology Group, Inc.
|
|||
|
|
By:
|
/s/ Arthur
F. Knapp, Jr.
|
|
|
Arthur
F. Knapp, Jr.
|
|||
|
Chief
Financial Officer
|
|||
Date:
February 11, 2011
3
Exhibit
Index
|
Exhibit
No.
|
Description
|
|
|
99.1
|
Press
release announcing the Amended and Restated Loan and Security Agreement
with SVB, dated February 10, 2011
|
|
99.2
|
Amended
and Restated Loan and Security Agreement, dated February 7,
2011
|
4