Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - TRANSCEND SERVICES INC | trcr8-k20111003regloanex101.htm |
| EX-10.2 - EXHIBIT 10.2 - TRANSCEND SERVICES INC | trcr8-k20111003regloanex102.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): September 30, 2011
___________________
TRANSCEND SERVICES, INC.
(Exact name of registrant as specified in its charter)
___________________
Delaware | 0-18217 | 33-0378756 |
(State or other jurisdiction of incorporation) | (Commission file number) | (I.R.S. Employer Identification No.) |
One Glenlake Parkway, Suite 1325, Atlanta, GA 30328
(Address of principal executive offices, including zip code)
(678) 808-0600
(Registrant's telephone number, including area code)
___________________
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:
[ ] 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.
On September 30, 2011, Transcend Services, Inc. (“Transcend”) successor-by-merger to Medical Dictation Services, Inc., (“MDSI”) and Regions Bank (“Regions”) entered into an Amendment to Loan and Security Agreement (the “Amendment”) with respect to the Loan and Security Agreement among Transcend, MDSI and Regions dated as of August 31, 2009 (the “Loan Agreement”). The Company and MDSI were both a “Borrower” under the Loan Agreement. The Amendment modifies the definitions of permitted acquisitions, projections and certain covenants, increases the revolving credit limit to $10,000,000 and extends the term of the revolving credit agreement to August 30, 2012.
Item 9.01. Financial Statements and Exhibits.
(a) | The following exhibits are filed with this current report on Form 8-K: |
Exhibit No. | Description | |
10.1 | Sixth Amendment to Loan and Security Agreement, by and between Transcend Services, Inc. and Regions Bank, dated September 30, 2011 | |
10.2 | Amended and Restated Revolving Note dated September 30, 2011 | |
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.
Transcend Services, Inc. | |||
Date: October 3, 2011 | /s/ Lance Cornell | ||
Lance Cornell | |||
Chief Financial Officer | |||
(Principal Financial Officer) | |||
EXHIBIT INDEX
Exhibit No. | Description | |
10.1 | Sixth Amendment to Loan and Security Agreement, by and between Transcend Services, Inc. and Regions Bank, dated September 30, 2011 | |
10.2 | Amended and Restated Revolving Note dated September 30, 2011 | |