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UNITED STATES
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
Date of Report (Date of earliest event reported): November 10, 2005
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IMAGE ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)
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Delaware 000-11071 84-0685613
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
20525 Nordhoff Street, Suite 200, Chatsworth, California 91311
(Address of principal executive offices, including zip code)
(818) 407-9100
(Registrant's telephone number, including area code)
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 Instruction A.2 below):
[_] 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 240.24d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.23e-4(c))
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Item 1.01. Entry into a Material Definitive Agreement
On November 4, 2005, Wells Fargo Foothill, Inc. further amended the Amended
and Restated Loan and Security Agreement with Image Entertainment, Inc. to
provide for a higher maximum revolving credit limit during the period October 31
through April 15. During this period each year, the maximum borrowing limit
under our revolving credit line will be increased from $21 million to $25
million (actual borrowing availability remains substantially based upon eligible
trade receivable levels).
Item 2.02. Results of Operations and Financial Conditions
On November 10, 2005, Image Entertainment, Inc. issued a press release
announcing its financial results for its second quarter and six months ended
September 30, 2005. Following the press release, the Company held a telephonic
conference call with simultaneous Web cast beginning at 4:30 PM Eastern time to
discuss its financial results for its second quarter and six months ended
September 30, 2005. A copy of the press release is furnished as Exhibit 99.1
hereto and incorporated herein by reference.
A recording of the call will be available until November 17, 2005. To
access the recording, dial (888) 203-1112 and enter the confirmation code of
7313548. International participants please dial (719) 457-0820 and use the same
confirmation code. A Web cast of the call is also available at
www.image-entertainment.com and through Thomson StreetEvents at
www.earnings.com.
Unless otherwise required by law, the Company disclaims any obligation to
release publicly any updates or any changes in its expectations or any change in
events, conditions, or circumstances on which any forward-looking statements are
based.
Item 9.01. Financial Statements and Exhibits.
(a) Exhibits.
99.1 Press Release dated November 10, 2005
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.
IMAGE ENTERTAINMENT, INC.
Dated: November 10, 2005 By: /s/ JEFF M. FRAMER
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Name Jeff M. Framer
Title: Chief Financial Officer