UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): October 22, 2007
WINLAND ELECTRONICS, INC.
(Exact name of registrant as specified in its charter)
Minnesota
(State or Other Jurisdiction of Incorporation)
| | | |
1-15637 (Commission File Number) | | 41-0992135 (IRS Employer Identification No.) |
1950 Excel Drive
Mankato, Minnesota 56001
(Address of Principal Executive Offices) (Zip Code)
(507) 625-7231
(Registrant’s telephone number, including area code)
Not Applicable
(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:
| | | o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | | |
| | | o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| | | |
| | | o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| | | |
| | | o 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. |
| Item 9.01 Financial Statements and Exhibits. |
| SIGNATURE |
| Amendment No. 10 to Credit Agreement and Exhibit B thereto. |
Table of Contents
On October 22, 2007, Winland Electronics, Inc. and M&I Marshall & Illsley Bank executed Amendment No. 10 to the Credit and Security Agreement dated June 30, 2003, with an effective date of September 30, 2007. The current amendment amends Section 6.12 Tangible Net Worth Covenant to change the measurement dates and minimum tangible net worth. The amendment is attached as an exhibit to this report.
| | (a) | | Financial statements: None. |
| | | | |
| | (b) | | Pro forma financial information: None. |
| | | | |
| | (c) | | Shell company transactions: None. |
| | | | |
| | (d) | | Exhibits: |
| | 10.1 | | Amendment No. 10 to Credit Agreement between the Company and M&I Marshall & Illsley Bank dated October 22, 2007 and Exhibit B thereto. |
Table of Contents
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.
| | | | | |
| | WINLAND ELECTRONICS, INC. | |
| | By /s/ Glenn A. Kermes | |
| | Glenn A. Kermes | |
| | Chief Financial Officer | |
| |
Table of Contents
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
EXHIBIT INDEX TO FORM 8-K
| | | |
| Date of Report: | | Commission File No.: |
| October 22, 2007 | | 1-15637 |
WINLAND ELECTRONICS, INC.
| | | |
EXHIBIT NO. | | ITEM |
| 10.1 | | Amendment No. 10 to Credit Agreement between the Company and M&I Marshall & Illsley Bank dated October 22, 2007 and Exhibit B thereto. |
