Attached files

file filename
EX-10 - EXHIBIT 10.1, FOURTH AMENDMENT TO LOAN AGREEMENT - TOR MINERALS INTERNATIONAL INCexhibit10-1.htm
EX-10 - EXHIBIT 10.2, SECOND AMENDMENT TO REVOLVING PROMISSORY NOTE - TOR MINERALS INTERNATIONAL INCexhibit10-2.htm

 UNITED STATES
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): 
August 1, 2014

TOR Minerals International, Inc.
(Exact Name of Registrant as Specified in Its Charter)


Delaware
(State or Other Jurisdiction of Incorporation)

0-17321
(Commission File Number)

722 Burleson Street
Corpus Christi, Texas
(Address of Principal Executive Offices)

74-2081929
(IRS Employer Identification No.)


78402
(Zip Code)

(361) 883-5591
(Registrant's Telephone Number, Including Area Code)

N/A
(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):

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))

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ITEM 1.01           ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On August 1, 2014, TOR Minerals International, Inc. (the "Company") entered into the fourth amendment (the "Amendment") with American Bank, N.A. (the "Lender").  Under the terms of the Amendment, which has an effective date of August 1, 2014, the Lender released as collateral the $350,000 certificate of deposit pledged as additional security in the third amendment to the agreement. 

 

In addition, the Company and the Lender entered into the second amendment relating to the revolving credit promissory note for the purpose of extending the maturity date of the $2 million line of credit from October 15, 2014, to October 15, 2015.

 

All other terms of the agreements remained unchanged.

 

ITEM 2.03           CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.

The information contained in Item 1.01 of this report is incorporated herein by reference.

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ITEM 9.01           FINANCIAL STATEMENTS AND EXHIBITS

(d)

Exhibits.
The following exhibit is furnished in accordance with the provisions of Item 601 of Regulation S-B:

Exhibit
Number

10.1

10.2


Description

Fourth Amendment to Loan Agreement with American Bank

Allonge and Amendment No. two to the Revolving Credit Promissory Note
with American Bank



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.


TOR MINERALS INTERNATIONAL, INC.
_____________________
(Registrant)



Date:  August 1, 2014

/s/ BARBARA RUSSELL

Barbara Russell
Chief Financial Officer

 

 

 

 

EXHIBIT INDEX

Exhibit
Number

10.1

10.2


Description

Fourth Amendment to Loan Agreement with American Bank

Allonge and Amendment No. Two to the Revolving Credit Promissory Note
with American Bank

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