Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - Inuvo, Inc. | inuvo-eighthloanamendment.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) March 27, 2017
INUVO, INC. |
(Exact name of registrant as specified in its charter) |
Nevada | 001-32442 | 87-0450450 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
500 President Clinton Avenue, Suite 300, Little Rock, AR | 72201 |
(Address of principal executive offices) | (Zip Code) |
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | 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.
Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
On March 27, 2017, Inuvo, Inc. entered into the Eighth Business Financing Modification Agreement with Western Alliance Bank (which acquired Bridge Bank, N.A., our original lender, in June 2015) that, among other things: (i) added NetSeer, Inc., an Inuvo subsidiary, as a party; and (ii) modified certain Quick Ratio and Adjusted EBITDA targets.
The foregoing description of the Eighth Business Financing Modification Agreement is a summary and is qualified in its entirety by the terms of the Eighth Business Financing Modification Agreement, a copy of which will be filed with our Quarterly Report on Form 10-Q for the quarter ending March 31, 2017.
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.
INUVO, INC. | |
Date: March 30, 2017 | By: /s/ Wallace Ruiz |
Wallace Ruiz, Chief Financial Officer | |
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