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): April 25, 2008
Healthaxis Inc.
(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania
(State or Other Jurisdiction of Incorporation)
0-13591 |
| 23-2214195 |
(Commission File Number) |
| (IRS Employer Identification No.) |
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7301 North State Highway 161, Suite 300, Irving, Texas |
| 75039 |
(Address of Principal Executive Offices) |
| (Zip Code) |
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(972) 443-5000 | ||
(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 (see General Instruction A.2. below):
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
On April 25, 2008, Healthaxis Inc. (the “Company”) executed a Third Amendment to Loan and Security Agreement (the “Amendment”) with Silicon Valley Bank (“SVB”), with respect to a revolving line and equipment advances under a Loan and Security Agreement (the “LSA”) dated August 14, 2006. As a result of the Amendment, certain financial covenants relating to the Company’s maintenance of specified EBITDA levels and liquidity ratios were amended.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit |
| Description |
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10.1 |
| Third Amendment to Loan and Security Agreement between the Company and Silicon Valley Bank dated April 25, 2008. |
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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.
Date: April 29, 2008
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| HEALTHAXIS INC. | |
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| By: | /s/ Ronald K. Herbert |
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| Ronald K. Herbert |
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| Chief Financial Officer |
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EXHIBIT INDEX
Exhibit |
| Description |
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10.1 |
| Third Amendment to Loan and Security Agreement between the Company and Silicon Valley Bank dated April 25, 2008. |
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