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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): May 14, 2008 (May 12, 2008)
BUTLER INTERNATIONAL, INC.
(Exact name of Registrant as specified in Charter)
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MARYLAND | | 0-14951 | | 06-1154321 |
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(State or other jurisdiction of
incorporation or organization) | | (Commission File No.) | | (I.R.S. Employer
Identification No.) |
200 E. Las Olas Boulevard, Suite 1730A, Fort Lauderdale, Florida 33301
(Address of Principal Executive Offices/Zip Code)
Registrant’s telephone number, including area code: (954) 761-2200
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)) |
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ITEM 1.01 | ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT |
On May 12, 2008, Butler Service Group Inc., and certain of its affiliates, including Butler International, Inc., (“the Company”) entered into a Fifth Amendment to the Third Amended and Restated Credit Agreement (“Fifth Amendment”) with General Electric Capital Corporation (“GECC”). The Fifth Amendment provides, among other matters, for an extension of the Commitment Termination Date (as defined) from May 12, 2008 to May 30, 2008. The Company is presently in negotiations with GECC to extend the Third Amended and Restated Credit Agreement beyond a one year term.
The foregoing description of the Fifth Amendment is not, and does not purport to be, complete and is qualified in its entirety by reference to a copy of the same filed as Exhibit 10.1 hereto and incorporated herein in its entirety by this reference.
ITEM 2.03 | CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT |
The information set forth under Item 1.01 of this report is incorporated herein by reference.
ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
| (c) | Not applicable. |
| (d) | The exhibits listed below is being furnished pursuant to Item 9.01. |
Exhibit Number | Description |
10.1 | Fifth Amendment to the Third Amended and Restated Credit Agreement dated as of May 12, 2008, by and among Butler Service Group, Inc., a Maryland corporation (“BSG”), certain of its affiliates, and General Electric Capital Corporation (“GECC”). |
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 14, 2008 | BUTLER INTERNATIONAL, INC. |
Chief Financial Officer
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BUTLER INTERNATIONAL, INC.
EXHIBIT LIST
Exhibit Number | Description |
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