UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): November 6, 2007
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GlobalOptions Group, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 001-33700 30-0342273
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
75 Rockefeller Plaza, 27th Floor
New York, New York 10019
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (212) 445-6262
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N/A
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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 (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))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On November 6, 2007, GlobalOptions, Inc., a Delaware corporation ("Global
Sub") and The Bode Technology Group, Inc., a Delaware corporation ("Bode" and
with Global Sub, the "Borrowers"), both wholly-owned subsidiaries of
GlobalOptions Group, Inc. (the "Company"), entered into a Second Amendment to
Third Amended and Restated Loan and Security Agreement (the "Loan Amendment")
with Silicon Valley Bank, a California chartered bank (the "Bank"). The Loan
Amendment effectively permits a loan balance of up to $20,000,000 at any given
time and includes a facility fee, finance charges and a collateral handling fee.
The Amendment also modified certain covenants contained therein.
The foregoing description of the Loan Amendment is not complete and is
qualified in its entirety by reference to the full text of such Amendment, a
copy of which is filed herewith and is incorporated herein by reference.
ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.
See the disclosure set forth under Item 1.01, which is incorporated by
reference into this Item 2.03.
ITEM 5.03. AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN
FISCAL YEAR.
On November 8, 2007, the Company filed with the Secretary of State of the
State of Delaware, a certificate eliminating from the Company's Certificate of
Incorporation, as amended, all matters relating to the Company's Series C
Convertible Preferred Stock. All formerly outstanding shares of the Series C
Convertible Preferred Stock were converted to the Company's Common Stock, and in
certain circumstances Series D Convertible Preferred Stock, as a result of the
Company's public offering which raised in excess of $20 million in gross
proceeds and closed on October 29, 2007.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) EXHIBITS
The exhibits listed in the following Exhibit Index are filed as part of
this Report.
Exhibit No. Description
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10.1 Second Amendment to Third Amended and Restated Loan and
Security Agreement, entered into November 6, 2007, by and
between GlobalOptions, Inc., a Delaware corporation, The
Bode Technology Group, Inc. and Silicon Valley Bank.
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 thereunto duly authorized.
Date: November 13, 2007 GLOBALOPTIONS GROUP, INC.
By: /s/ Jeffrey O. Nyweide
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Name: Jeffrey O. Nyweide
Title: Chief Financial Officer
