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8-KThe WireStrategic

Material Agreement · New Debt / Obligation

Filed Dec 22, 2023 · 2y ago · Accession 0001558370-23-019992

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): December 19, 2023 ​ Hurco Companies, Inc . (Exact Name of Registrant as Specified in Its Charter) ​ Indiana (State or Other Jurisdiction of Incorporation) ​ ​ ​ 0-9143 35-1150732 (Commission File Number) (IRS Employer Identification No.) ​ ​ ​ One Technology Way Indianapolis , Indiana 46268 (Address of Principal Executive Offices) (Zip Code) ​ ( 317 ) 293-5309 ( Registrant’s Telephone Number, Including Area Code) ​ Not Applicable (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 ( 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 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​ ​ ​ ​ Title of each class Trading Symbol(s) ​ Name of each exchange on which registered Common Stock, no par value HURC The Nasdaq Stock Market LLC ​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ Emerging growth company  ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ◻ ​ Item 1.01 Entry into a Material Definitive Agreement. ​ Effective as of December 19, 2023, Hurco Companies, Inc. (the “Company”), Bank of America, N.A. (the “Lender”), and certain wholly-owned subsidiaries of the Company (the “Loan Party Subsidiaries” and, together with the Company, the “Loan Parties”) entered into a Fifth Amendment to Credit Agreement (the “Fifth Amendment”). The Fifth Amendment amends the Credit Agreement, dated as of December 31, 2018, among the Company, the Lender, and the Loan Party Subsidiaries, as amended by that First Amendment dated as of March 13, 2020, that Second Amendment dated as of December 23, 2020, that Third Amendment dated as of December 17, 2021, and that Fourth Amendment dated as of January 4, 2023 (as so amended, the “Credit Agreement”), to extend the scheduled maturity date under the Credit Agreement from December 31, 2023 to December 31, 2025. ​ The foregoing summary of the Fifth Amendment is qualified in its entirety by reference to the complete terms and provisions of the Fifth Amendment, which is filed herewith as Exhibit 10.1 and is incorporated herein by reference. ​ ​ Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. ​ The disclosure required by this Item is included in Item 1.01 and is incorporated herein by reference. ​ ​ Item 9.01 Financial Statements and Exhibits ​ Exhibit Index ​ 10.1 ​ Fifth Amendment to Credit Agreement, dated as of December 19, 2023, to the Credit Agreement, dated as of December 31, 2018, among Hurco Companies, Inc. and Hurco B.V., as the Borrowers, certain subsidiaries party thereto, as the Guarantors, and Bank of America, N.A., as the Lender. ​ 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) ​ ​ ​ ​ ​ 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.     Dated: December 22 , 2023       HURCO COMPANIES, INC.             By: /s/ Sonja K. McClelland _______________     Sonja K. McClelland, Executive Vice President, Treasurer and Chief Financial Officer ​ ​ ​
Filing details
Ticker
HURC
CIK
315374
Form type
8-K
Filing date
Dec 22, 2023
Report date
Dec 19, 2023
Document
hurc-20231219x8k.htm
Size
266 KB