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
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| Date of Report (Date of Earliest Event Reported): | | March 23, 2007 |
Tier Technologies, Inc.
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(Exact name of registrant as specified in its charter)
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| Delaware | 000-23195 | 94-3145844 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 10780 Parkridge Blvd., 4th Floor, Reston, Virginia | | 20191 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 571-382-1000 |
Not Applicable
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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:
[ ] 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 March 23, 2007, Tier Technologies, Inc. ("Tier" or the "Company") and its wholly owned subsidiaries, Official Payments Corporation and EPOS Corporation, entered into a First Amendment to Amended and Restated Credit and Security Agreement (the "Amendment") with City National Bank, which amended an earlier agreement signed March 6, 2006. The Amendment, which is scheduled to mature on September 30, 2007, allows Tier to issue letters of credit up to $10.0 million.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
See exhibit list attached hereto.
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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| | | Tier Technologies, Inc. |
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| March 28, 2007 | | By: | | David E. Fountain
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| | | | | Name: David E. Fountain |
| | | | | Title: Chief Financial Officer |
Exhibit Index
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| Exhibit No. | | Description |
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99.1 | | First Amendment to Amended and Restated Credit and Security Agreement |
