UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 1, 2001
DISPLAY TECHNOLOGIES, INC.
(Exact name of Registrant as Specified in its Charter)
Nevada
| 0-14427
| 33-2286268
|
(State or other jurisdiction
of incorporation) | (Commission File
Number) | (IRS Employer
Identification No.) |
201 McCullough Drive, Charlotte, North Carolina 28262
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (704) 548-1931
Not Applicable
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
(a) The Company has entered into amendments to its loan facility with SouthTrust Bank which extends the due date of the loans thereunder to January 31, 2002. See the Exhibits indexed under Item 7. The present balance of the facility is approximately $9,990,492. During the extension period the Company’s subsidiaries are required to seek purchasers for their respective businesses and such sales are being actively pursued. The total net proceeds of any such sales are required to be applied against the secured loans. Such proceeds are unlikely to exceed the amounts owed to the Company’s secured lenders.
(b) James Taylor, the President and Chief Executive Officer of the Company, has resigned as an officer and director. Bill Lunsford has assumed the office of President in addition to his position of Secretary and Chief Financial Officer. Mr. Lunsford has also been elected a director of the Company.
ITEM 7. | FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS |
| | |
(c) | Exhibits. |
| | |
| | 10.158 | Form of Amendment to Amended and Restated Term Note* |
| | | |
| 10.159 | Form of Amended and Restated Revolving Note* |
| | | |
| 10.160 | Form of Forbearance Agreement (Ad Art Loan Agreement)* |
| | | |
| 10.161 | Form of Amendment to Forbearance Agreement* |
| | | |
| 10.162 | Form of Amendment to Loan and Security Agreement and Promissory Notes (Ad Art)* |
| | |
| 10.163 | Form of Amendment to Loan and Security Agreement and Promissory Notes (Don Bell)* |
| | | |
| 10.164 | Form of Second Amendment to Loan and Security Agreement and Promissory Notes (Don Bell)* |
| | | |
| 10.165 | Form of Third Amendment to Loan and Security Agreement and Promissory Notes (Don Bell)* |
| | | |
| 10.166 | Form of Fourth Amendment to Loan and Security Agreement and Promissory Notes (Don Bell Industries)* |
| | | |
| 10.167 | Form of Fifth Amendment to Loan and Security Agreement and Promissory Notes (Don Bell Industries)* |
| | | |
| 10.168 | Form of Guaranty of Payment* |
| | | |
| 10.169 | Form of Security Agreement* |
| | | |
| 10.170 | Form of Amended and Restated Stock Pledge Agreement* |
* Filed herewith. The foregoing numbered exhibits are the same as listed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on November 20, 2001, however listed exhibits have been reordered.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Amendment No. 1 to Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| | DISPLAY TECHNOLOGIES, INC.
(Registrant) |
| |
| | By: /s/ Bill Lunsford
Bill Lunsford
President and Chief Executive Officer |
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