f_8k.htm
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): October 4, 2007
(October 1, 2007)
ePlus
inc.
(Exact
name of registrant as specified in its charter)
Delaware
|
|
000-28926
|
|
54-1817218
|
(State
or other jurisdiction of incorporation or
organization)
|
|
(Commission
File Number)
|
|
(I.R.S.
Employer Identification
No.)
|
13595
Dulles Technology Drive, Herndon, VA 20171-3413
(Address,
including zip code, of principal offices)
Registrant's
telephone number, including area code: (703) 984-8400
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))
|
Item
1.01
Entry into a Material Definitive Agreement
ePlus
Technology, inc., a wholly-owned subsidiary of ePlus inc., modified the current
credit facility agreements with GE Commercial Distribution Finance Corporation
("GECDF") that were originally executed on August 31, 2000. The changes to
the
agreements were effective October 1, 2007. Pursuant to the terms of
the credit facility agreements, as amended, GECDF will provide a total
credit facility limit of up to $100,000,000 during the Temporary Increase
Period, which is defined in the amendment as the period of October 1, 2007
through October 31, 2007. Other than during the Temporary
Increase Period, the total credit facility limit is up to
$85,000,000. The purpose of the October 1st amendment was
to extend the Temporary Increase Period through October 31,
2007.
The
foregoing description of the amendment is qualified in its entirety by reference
to the amendment, a copy of which is attached hereto as Exhibit 10.1 and
incorporated herein by reference.
Item
9.01
Financial Statements and Exhibits
(c)
The
following exhibits are filed as part of this report:
Exhibit
Number
|
Exhibit
Description
|
10.1
|
Amendment
to Agreement for
Wholesale Financing and Business Financing Agreement dated October
1, 2007
between GE Commercial
Distribution Finance Corporation and ePlus Technology,
inc.
|
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.
|
|
|
|
|
By:
/s/ Steven J. Mencarini
|
|
|
|
|
3