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): July 18, 2012 (July 12, 2012)
NETWORK ENGINES, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware |
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000-30863 |
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04-3064173 |
(State or Other Jurisdiction |
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(Commission File Number) |
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(IRS Employer |
of Incorporation |
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Identification No.) |
25 Dan Road, Canton, MA |
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02021 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants 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 July 12, 2012, Network Engines, Inc. (the Company) issued a letter of credit for $20 million with one of its largest suppliers to supplement its existing credit limit with this supplier. This letter of credit was issued to support the Companys last time purchases of certain end-of-life platforms, as a result of the EMC transition discussed in the Companys press release dated April 12, 2012. This letter of credit expires on September 30, 2012, and may be reduced from time to time based on the amounts outstanding that we owe our supplier.
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.
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NETWORK ENGINES, INC. |
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Date: July 18, 2012 |
By: |
/s/ Douglas G. Bryant |
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Douglas G. Bryant |
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Chief Financial Officer, Treasurer and Secretary |