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EX-10 - EXHIBIT 10.1 - BROADVIEW INSTITUTE INCbvii20130614_8kex10-1.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 13, 2013

 

BROADVIEW INSTITUTE, INC.

(Exact name of Registrant as Specified in its Charter)

 

Minnesota

(State or Other Jurisdiction of Incorporation)

 

 

     0-8505                  41-0641789
   (Commission File Number)      (IRS Employer
      Identification No.)

                                                                     

8147 Globe Drive

Woodbury, Minnesota 55125

(Address of Principal Executive Offices and Zip Code)

 

(651) 332-8000

(Registrant’s telephone number, including area code)

 

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:

 

☐     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 June 13, 2013, Broadview Institute, Inc. (the “Company”), and Mr. Terry Myhre (“Mr. Myhre”), the Company’s Chairman and majority shareholder, executed the First Amendment to the Line of Credit Authorization (the “Amendment”). The Amendment extended the maturity date of the Line of Credit Authorization from March 31, 2014 to April 1, 2015.

 

The foregoing description of the material terms of the Amendment does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 hereto and is incorporated by reference into this Item 1.01 as if fully set forth herein.

 

Item 9.01     Financial Statements and Exhibits.

 

(a)

Financial Statements: None.

(b)

Pro forma financial information: None.

(c)

Shell company transactions: None.

(d)

Exhibits:

10.1

First Amendment to Line of Credit Authorization executed and effective June 13, 2013.

 

 

 

 
 

 

  

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.

 

Date: June 14, 2013

 

  BROADVIEW INSTITUTE, INC.  
       
        
  By: /s/ Kenneth J. McCarthy                 
         Kenneth J. McCarthy  
         Chief Financial Officer  

  

 
 

 

 

EXHIBIT INDEX

 

Broadview Institute, Inc.

Form 8-K Current Report

 

 

 

 

       

Exhibit Number   Description

10.1

First Amendment to Line of Credit Authorization executed and effective June 13, 2013.