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 1, 2005 |
DENDRITE INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)
| New Jersey | 001-16379 | 22-2786386 |
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| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
1405 U.S. Highway 206, Bedminster, New Jersey | | 07921 |
(Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code (908) 443-2000
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 Instructions 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 July 1, 2005, Dendrite International, Inc. (the “Company”) entered into an amendment to its Credit Agreement with JPMorgan Chase Bank and other financial institutions dated as of June 16, 2003 and as amended through September 24, 2004.
The amendment to this line of credit facility amends the definition of the term “Maturity Date” contained in Section 1.01 of the Credit Agreement by changing the phrase “July 1, 2005” to read “the earlier to occur of (a) July 29, 2005 or (b) the date on which a credit agreement in replacement of this Credit Agreement is executed and delivered.” The Credit Agreement was filed as Exhibit 10.38 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 20, 2003 and an amendment was filed as Exhibit 10.38 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 30, 2004. Except as described herein, the terms of the Credit Agreement remain in effect. The foregoing summary is subject in all respects to the actual terms of the amendment, a copy of which is attached as Exhibit 10.1 to this Form 8-K.
The total principal amount available under the Credit Agreement remains at $30 million. No amounts were outstanding under this facility as of July 1, 2005.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant |
The disclosure set forth above under “Item 1.01 Entry into a Material Definitive Agreement” is hereby incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits |
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| (c) | Exhibits |
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| 10.1 Amendment dated July 1, 2005 to Credit Agreement, dated as of June 16, 2003, and as amended September 24, 2004 among Dendrite International, Inc., the Lenders party hereto, and JPMorgan Chase Bank. |
SIGNATURE
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.
Dated: July 7, 2005 | | DENDRITE INTERNATIONAL, INC.
By: /s/ Brent J. Cosgrove
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| | | Name: Brent J. Cosgrove |
| | | Title: Vice President and Corporate Controller |
| | | EXHIBIT INDEX |
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| Exhibit No. | | Description |
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| 10.1 | | Amendment dated July 1, 2005 to Credit Agreement, dated as of June 16, |
| | | 2003, and as amended September 24, 2004 among Dendrite International, Inc., |
| | | the Lenders party hereto, and JPMorgan Chase Bank. |
