SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 9, 2014

 

ISC8 INC.

(Exact name of Registrant as specified in its Charter)

 

 




Delaware

001-008402

33-0280334

 

(State or other jurisdiction

of incorporation)

(Commission File No.)

(IRS Employer

Identification No.)

 

 



151 Kalmus Drive, Suite A-203, Costa Mesa, California 92626

 

(Address of principal executive offices)

 


 

(714) 549-8211

 

(Registrants Telephone Number)

 


 

Not Applicable

 

(Former name or 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):

¨

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 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.


On June 9, 2014, ISC8 Inc. (the Company) received notice (the Notice) from Partners for Growth III, L.P. (PFG) of PFGs declaration that the Company failed to pay certain principal and interest payments due pursuant to the Loan and Security Agreement by and between the Company and PFG, dated December 14, 2012 (the Agreement), and that the Companys failure to make these payments resulted in an Event of Default, as defined in the Agreement. Accordingly, it is PFGs position that all amounts due and payable to PFG under the Agreement, approximately $3.0 million, is now due and payable. The Company is currently working with PFG to cure any default and bring all amounts owed under the Agreement current.


Disclaimer.


This Current Report on Form 8-K may contain, among other things, certain forward-looking statements, including, without limitation, (i) statements with respect to the Company's plans, objectives, expectations and intentions; and (ii) other statements identified by words such as "may", "could", "would", "should",  "believes", "expects", "anticipates",  "estimates", "intends", "plans" or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties.













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.

 






 

 

ISC8 INC.

 





 

Date: June 13, 2014

 

By:

 /s/ John Vong

 

 

 

 

John Vong

 

 

 

 

Chief Financial Officer