SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
November 20, 2001
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(Date of Report)
FISHER COMMUNICATIONS, INC.
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(Exact Name of Registrant as Specified in Charter)
Washington 000-22349 91-0222175
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(State or Other Jurisdiction (Commission File No.) (IRS Employer
of Incorporation) Identification No.)
1525 One Union Square, 600 University Street, Seattle, Washington, 98101-3185
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(Address of Principal Executive Offices, including Zip Code)
(206) 404-7000
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
Fisher Communications, Inc. the (the "Company") maintains an unsecured
revolving line of credit and a senior secured credit facility which contain
several covenants, including covenants with respect to the maintenance of some
financial ratios. As of September 30, 2001 the Company was not in compliance
with some of the covenants, including some covenants with respect to required
financial ratios. The Company requested a waiver from the lenders for its
noncompliance during the fourth quarter of 2001, which was granted on November
20, 2001. At September 30, 2001 $213,611,000 of principal was outstanding under
the revolving line of credit and the senior secured credit facility, all of
which was classified as notes payable in current liabilities. As a result of the
waiver, $205,284,000 of such amount is no longer classified in current
liabilities.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
10.1 Waiver and Third Amendment to Credit Agreement, dated as of November
15, 2001, among the Registrant and the lenders under the Credit
Agreement dated as of June 24, 1999, as amended.
10.2 Waiver and Fourth Amendment to Credit Agreement, dated November 15,
2001, by and among the Registrant, Bank of America, N.A. and U.S.
Bank National Association.
99.1 Letter to shareholders, dated November 21, 2001, discussing the
Registrant's third quarter results of operations.
Item 9. Regulation FD Disclosure
On or about November 21, 2001, the Company mailed a letter to its
shareholders discussing its third quarter results of operations. The full text
of the letter is attached as an exhibit to this filing.
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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.
FISHER COMMUNICATIONS, INC.
By /s/ DAVID D. HILLARD
Dated: November 21, 2001 -----------------------------
David D. Hillard
Senior Vice President
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Number Description
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10.1 Waiver and Third Amendment to Credit Agreement, dated as of
November 15, 2001, among the Registrant and the lenders
under the Credit Agreement dated as of June 24, 1999, as
amended.
10.2 Waiver and Fourth Amendment to Credit Agreement, dated
November 15, 2001, by and among the Registrant, Bank of
America, N.A. and U.S. Bank National Association.
99.1 Letter to shareholders, dated November 21, 2001, discussing
the Registrant's third quarter results of operations.
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