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EX-10.2 - EXHIBIT 10.2 - ADEPT TECHNOLOGY INCexh_102.htm
EX-10.1 - EXHIBIT 10.1 - ADEPT TECHNOLOGY INCexh_101.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): March 3, 2014

ADEPT TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)

Delaware
0-27122
94-2900635
(State or other jurisdiction
of incorporation)
(Commission
file number)
(I.R.S. Employer
Identification Number)
 
5960 Inglewood Drive
Pleasanton, CA
 
94588
(Address of principal executive offices)
(Zip Code)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (925) 245-3400
 
None
(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. Amendment of Material Definitive Agreement
 
On March 3, 2014, Adept Technology, Inc. (“Adept”) entered into Amendment No. 1 to the Amended and Restated Loan and Security Agreement (the “Loan and Security Agreement”) with Silicon Valley Bank and Amendment No. 1 to the Loan and Security Agreement (EX-IM Loan Facility) with Silicon Valley Bank. Both such amendments were entered into solely to extend the expiration date of the Loan and Security Agreement and the EX-IM Loan Facility to June 22, 2014 to better align the renewal process of Adept’s credit facilities with its June fiscal year. The previous maturity date was March 24, 2014.

Item 2.03. Creation of a Direct Financial Obligation or Off Balance Sheet Arrangement.
 
The information under Item 1.01 is incorporated herein by reference.
 
Item 9.01. Financial Statements and Exhibits.
 
(d) Exhibits:
 
 
Exhibit
 
Description
 
10.1
 
Amendment No. 1 to the Amended and Restated Loan and Security Agreement
 
10.2
 
Amendment No. 1 to the Loan and Security Agreement (EX-IM Loan Facility)
 

 
 
 

 
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.
 

 
ADEPT TECHNOLOGY, INC.
 
 
Date: March 4, 2014
By: /s/ Seth Halio
Seth Halio
Chief Financial Officer

 


 
 
 

 
Index to Exhibits
 
 
Exhibit
 
Description
 
10.1
 
Amendment No. 1 to the Amended and Restated Loan and Security Agreement
 
10.2
 
Amendment No. 1 to the Loan and Security Agreement (EX-IM Loan Facility)