Attached files
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EX-10 - TOR MINERALS INTERNATIONAL INC | es10-2.htm |
EX-10 - TOR MINERALS INTERNATIONAL INC | es10-1.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): May 26, 2015
TOR Minerals International,
Inc.
(Exact Name of Registrant as
Specified in Its Charter)
Delaware
(State or
Other Jurisdiction of Incorporation)
0-17321 |
74-2081929 (IRS Employer Identification No.) |
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(361) 883-5591
(Registrants 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))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On May 26, 2015, TOR Minerals International, Inc. (the Company) entered into the fifth amendment (the Amendment) to the loan agreement with American Bank, N.A. (the Lender). Under the terms of the Amendment, which has an effective date of May 15, 2015, the Lender extended the maturity date on the line of credit to October 15, 2016 and added a commitment fee equal to one quarter of one percent (0.25%) per annum of the difference between (i) the total amount for which the Lender was committed to advance on the line of credit hereunder during the preceding three months and (ii) the average daily principal amount outstanding and owing by the Company on the line of credit during such period.
In addition, the Company and the Lender entered into the third 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, 2015, to October 15, 2016.
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. |
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Exhibit |
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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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TOR MINERALS INTERNATIONAL, INC. |
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Date: May 26, 2015 |
/s/ BARBARA RUSSELL |
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Barbara Russell |
EXHIBIT INDEX
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Exhibit |
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