Attached files
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| EX-10.1 - AMENDMENT TO LOAN AND SECURITY AGREEMENT - VOLT INFORMATION SCIENCES, INC. | ss31972_ex1001.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 17, 2017
VOLT INFORMATION SCIENCES, INC.
(Exact name of registrant as specified in its charter)
(Exact name of registrant as specified in its charter)
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New York
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001-9232
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13- 5658129
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification Number)
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1133 Avenue of the Americas, New York, New York
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10036
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(Address of principal executive offices)
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(Zip Code)
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(212) 704-2400
(Registrant’s Telephone Number, Including Area Code)
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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| £ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a‑12)
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| £ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d‑2(b))
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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
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On February 17, 2017, Maintech, Incorporated (“Maintech”), a wholly-owned subsidiary of Volt Information Sciences, Inc., entered into an amendment (the “Amendment”) to that certain Loan and Security Agreement by and between Maintech, as borrower, and Bank of America, N.A., as lender, dated as of February 17, 2016 (the “Agreement”).
The Amendment extends the Revolver Termination Date, as defined in the Agreement, by one month to March 17, 2017. The Agreement, as amended, will terminate upon the earlier of the Revolver Termination Date, when voluntarily terminated by Maintech, or upon certain other events, including the sale of Maintech.
All other terms and conditions of the Agreement remain unchanged.
The foregoing description is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1.
| Item 9.01 |
Financial Statements and Exhibits
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| (d) |
Exhibits
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| Exhibit No. |
Description of Exhibit
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| 10.1 |
Amendment to Loan and Security Agreement, dated as of February 17, 2017, to the Loan and Security Agreement, dated as of February 17, 2016, between Maintech, Incorporated, as Borrower, and Bank of America, N.A., as lender.
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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.
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VOLT INFORMATION SCIENCES, INC.
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By:
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/s/ Paul Tomkins
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Paul Tomkins
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Senior Vice President and Chief Financial Officer
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Date: February 23, 2017
EXHIBIT INDEX
| Exhibit No. |
Description of Exhibit
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| 10.1 |
Amendment to Loan and Security Agreement, dated as of February 17, 2017, to the Loan and Security Agreement, dated as of February 17, 2016, between Maintech, Incorporated, as Borrower, and Bank of America, N.A., as lender.
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