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): February 9, 2005 (Feb 3, 2005)
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COMFORCE Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-6081 36-2262248
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
415 Crossways Park Drive, P.O. Box 9006, Woodbury, New York 11797
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (516) 437-3300
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(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into Material Definitive Agreement
On February 3, 2005, the Company's Revolving Credit and Security Agreement
with PNC Bank, National Association, as a lender and administrative agent,
was amended to increase the maximum borrowings under the facility from
$75.0 million to $85.0 million. Permitted borrowings continue to be based,
generally, on 85.0% of the Company's accounts receivable aged 90 days or
less, subject to specified limitations and exceptions.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
10.1 Amendment No. 3 to Revolving Credit and Security Agreement dated as of
February 3, 2005 among the Company and certain of its operating
subsidiaries, as borrowers, and PNC Bank, National Association, as
agent and lender, and other participating lenders.
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.
COMFORCE Corporation
By: /s/ Harry V. Maccarrone
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Harry V. Maccarrone
Executive Vice President and Chief Financial Officer
Dated: February 9, 2005
EXHIBIT INDEX
Item Description
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10.1 Amendment No. 3 to Revolving Credit and Security Agreement dated as of
February 3, 2005 among the Company and certain of its operating
subsidiaries, as borrowers, and PNC Bank, National Association, as
agent and lender, and other participating lenders.