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):
May 6, 1996
E&B MARINE INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-24868 22-2430891
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
201 Meadow Road
Edison, New Jersey 08818
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (908) 819-7400
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(Not Applicable)
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
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Effective May 6, 1996, the Registrant amended its
Credit Agreement with United Jersey Bank (i) to temporarily
increase its revolving line of credit from $17,000,000 to
$20,000,000 through July 31, 1996 and (ii) to amend certain
financial covenants. The funds from the increased availability
under the Registrant's revolving line of credit will be used
primarily to purchase inventory to enhance product assortment.
Item 7. Financial Statements, Pro Forma Financial Information
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and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
The exhibits required to be filed as part of this
Current Report on Form 8-K are listed on the attached Index to
Exhibits.
SIGNATURE
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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.
E&B MARINE INC.
By /s/ Walfrido A. Martinez
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Name: Walfrido A. Martinez
Title: Senior Vice President and
Chief Financial Officer
Dated: May 24, 1996
Index to Exhibits
Exhibit Sequential
Number Description Page Location
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10(a) Sixth Amendment dated as of May 6, 1996 5
to the Credit Agreement dated as of
June 6, 1994 by and among E&B Marine Inc.
(the "Company"), the subsidiaries of the
Company party thereto and United Jersey
Bank ("UJB").
10(b) Fourth Amendment dated as of May 6, 1996 13
to the Mortgage and Security Agreement
dated as of June 6, 1994 by and among the
Company, UJB and UJB Leasing Corporation.
10(c) Amended and Restated Revolving Note dated 19
May 6, 1996 as of June 6, 1994 made by
the Company and certain subsidiaries of
the Company party thereto to the order of UJB.