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EX-10.2 - EX-10.2 - NETWORK ENGINES INCa12-15300_1ex10d2.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):  June 25, 2012 (June 22, 2012)

 

NETWORK ENGINES, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

000-30863

 

04-3064173

(State or Other Jurisdiction

 

(Commission File Number)

 

(IRS Employer

of Incorporation

 

 

 

Identification No.)

 

25 Dan Road, Canton, MA

 

02021

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (781) 332-1000

 

 

(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))

 

 

 



 

Item 2.03.  Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

On June 22, 2012, Network Engines, Inc. (the “Company”) entered into the Fourth Loan Modification Agreement (the “Modification Agreement”) with Silicon Valley Bank (“SVB”).  The Modification Agreement, which is effective June 30, 2012, modifies the Loan Agreement entered into between the Company and SVB dated February 5, 2010, as amended by the First Loan Modification Agreement dated January 18, 2011 and further amended by the Second Loan Modification Agreement dated December 13, 2011 and further by the Third Loan Modification Agreement dated March 28, 2012.

 

The Modification Agreement amends the Loan Agreement to extend its term until September 30, 2012, and keeps the amount available under the line of credit facility at $10 million.

 

The foregoing description is subject to, and qualified in its entirety by, the Modification Agreement filed as an exhibit hereto and incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits

 

10.2

 

Fourth Loan Modification Agreement, dated as of June 22, 2012, by and among Network Engines, Inc. and Silicon Valley Bank.

 

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Signature(s)

 

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.

 

 

 

NETWORK ENGINES, INC.

 

 

 

Date: June 25, 2012

By:

/s/ Douglas G. Bryant

 

 

Douglas G. Bryant

 

 

Chief Financial Officer, Treasurer and Secretary

 

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