Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - SCI Engineered Materials, Inc. | v444707_ex10-1.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): July 22, 2016 (July 21, 2016)
SCI Engineered Materials, Inc.
(Exact Name of Registrant as specified in its charter)
| Ohio | 0-31641 | 31-1210318 | |||
| (State or other | (Commission File No.) | (IRS Employer | |||
| jurisdiction of | Identification | ||||
| incorporation or | Number) | ||||
| organization) |
2839 Charter Street
Columbus, Ohio 43228
(614) 486-0261
(Address, including zip code, and telephone number
including area code of Registrant's
principal executive offices)
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 (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.
The disclosure contained in "Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant" of this Current Report on Form 8-K is incorporated in this Item 1.01 by reference.
ITEM 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On July 21, 2016, SCI Engineered Materials, Inc. (the “Company”) signed an amendment (“Fifth Amendment to Loan Documents”) to the Ohio Air Quality Development Authority (“OAQDA”) 166 Direct Loan (“Loan”). The amendment provides for the following: i) amend section 4.3 (e) Financial Covenants of the Loan Agreement so that (ii) Debt Service Coverage is waived for all remaining quarters of the loan beginning with the quarter ending June 30, 2016.
ITEM 9.01. Financial Statements and Exhibits.
Exhibit 10.1 Fifth Amendment to Loan Documents.
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SIGNATURE
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.
| SCI ENGINEERED MATERIALS, INC. | ||
| Date: July 22, 2016 | By: | /s/ Daniel Rooney |
| Daniel Rooney Chairman of the Board, President and Chief Executive Officer | ||
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