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
Date of Report (Date of earliest event reported): July 11, 2016
Greenwood Hall, Inc.
(Exact name of registrant as specified in its charter)
| Nevada | | 333-184796 | | 99-0376273 |
(State or other jurisdiction
of incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
| 12424 Wilshire Blvd, Suite 1030, Los Angeles, California | | 90025 |
| (Address of principal executive offices) | | (Zip Code) |
(310) 907-8300
(Registrant’s telephone number, including area code)
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 (seeGeneral 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 September 24, 2015, Greenwood Hall, Inc., a Nevada corporation (the “Company”), PCS Link, Inc. dba Greenwood & Hall, a subsidiary of the Company (“PCS Link”), and Opus Bank (“Opus Bank”) agreed to terms for a Third Amendment, Waiver and Ratification Agreement (the “Third Amendment”) amending the Amended and Restated Credit Agreement between the parties, dated as of July 18, 2014.
On July 11, 2016, Opus Bank agreed to extend the term of the Third Amendment and corresponding Promissory Note, dated as of May 28, 2014, with an outstanding principal amount of $ 3,151,152 as of June 30, 2016, , until October 31, 2016.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement
The information disclosed in Item 1.01, above, is incorporated herein by reference.
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.
| | GREENWOOD HALL, INC. |
| Date: July 12, 2016 | | |
| | By: | /s/ John Hall |
| | | Name: John Hall |
| | | Title: Chief Executive Officer |
