Attached files
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| EX-10.1 - AMENDMENT TO FACILITY AGREEMENT BY AND BETWEEN TRACK GROUP, INC. AND CONRENT S.A - Track Group, Inc. | ex10-1.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): July 19, 2018
TRACK GROUP, INC.
(Exact name of Registrant as specified in its Charter)
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Delaware
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000-23153
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87-0543981
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(State
or other jurisdiction of incorporation)
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(Commission
File No.)
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(IRS
Employer Identification No.)
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200 E.
5th
Avenue, Suite 100, Naperville,
Illinois 60563
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(Address
of principal executive offices)
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(877)
260-2010
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(Registrant’s
Telephone Number)
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Not
Applicable
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(Former
name or address, if changed since last report)
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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))
Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (17 CFR
230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17
CFR 240.12b-2) ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act ☐
Item 1.01
Entry into a Material Definitive Agreement.
On July 19, 2018 Track
Group, Inc. (the “Company”)
and Conrent Invest S.A., acting on behalf of its compartment,
Safety 2 (“Conrent”),
amended the facility agreement originally entered into by and
between the parties on December 30, 2013 (the
“Amended
Facility Agreement”), which Amended
Facility Agreement alters certain provisions of the Company’s
existing $30.4 million unsecured debt facility. Effective July 19,
2018, the Amended
Facility Agreement (i) extends the Maturity Date to the earlier of
either April 1, 2019 or the date upon which the Outstanding
Principal Amount, as defined therein, is repaid by the Company, and
(ii) provides that in the event of a Change of Control, as defined
therein, Conrent shall immediately cancel the facility and declare
the Outstanding Principal Amount, together with unpaid interest,
immediately due and payable.
Disclaimer.
The foregoing description of the
Amended
Facility Agreement does not purport to
be complete and is qualified, in its entirety, by reference to the
full text of the Amended
Facility Agreement, attached to this
Current Report on Form 8-K as Exhibit 10.1 and incorporated by
reference herein.
Item 9.01
Financial Statements and Exhibits.
See
Exhibit Index.
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.
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TRACK GROUP, INC.
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Date:
July 19, 2018
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By:
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/s/
Peter K. Poli
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Peter
K. Poli
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Chief
Financial Officer
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EXHIBIT INDEX
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Exhibit No.
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Description
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Amendment
to Facility Agreement by and between Track Group, Inc. and Conrent
S.A., acting on behalf of its compartment “Safety 2,”
dated July 19, 2018
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