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
| February 5, 2014 |
| Date of Report (Date of earliest event reported) |
| Hotel Outsource Management International, Inc. |
| (Exact Name of Registrant as Specified in Its Charter) |
| Delaware | | 6719 | | 13-4167393 |
| (State or Other Jurisdiction of | | Commission File | | (I.R.S. Employer |
| Incorporation or Organization) | | Number | | Identification No.) |
| 80 Wall Street, Suite 815, New York, New York | | 10005 |
| (Address of Principal Executive Offices) | | (Zip Code) |
| 212-344-1600 |
| Registrant’s telephone number, including area code |
| |
| (Former Name or former Address, if Changed Since Last Report) |
Item 1.01- Entry into two Material Definitive Agreements
On February 5, 2014, Hotel Outsource Management International, Inc. (“HOMI”) and its subsidiary – HOMI Industries Ltd (“Industries”) entered into a new loan agreement with Daniel Cohen, who is a director of Industries and a shareholder and director of HOMI, as well as its President. Pursuant to this loan agreement, Mr. Cohen agreed to loan to HOMI the sum of $300,000, bearing 8% annual interest. Some of the funds were wired to HOMI in January 2014 and the balance will be wired during February 2014. The principal and all accrued interest shall be repaid in a single payment, on or before July 14, 2014.
On February 5, 2014, HOMI and Industries entered into a new loan agreement with Moise Laurent Elkrief. Pursuant to this loan agreement, Mr. Elkrief agreed to loan to HOMI the sum of $200,000, bearing 8% annual interest. Some of the funds were wired to HOMI in January 2014 and the balance will be wired during February 2014. The principal and all accrued interest shall be repaid in a single payment, on or before July 14, 2014. Mr Elkrief is the beneficial owner of a majority of HOMI’s issued and outstanding shares.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
| 10.1 | Loan Agreement by and between HOMI and Daniel Cohen, dated February 5, 2014 |
| 10.2 | Loan Agreement by and between HOMI and Moise Laurent Elkrief, dated February 5, 2014 |
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereto duly authorized.
| February 10, 2014 | Hotel Outsource Management International, Inc. |
| | | |
| | By: | /s/ Daniel Cohen |
| | Name: | Daniel Cohen |
| | Title: | President |
