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 20, 2010
RGC RESOURCES, INC.
(Exact name of Registrant as specified in its charter)
| Virginia | 000-26591 | 54-1909697 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| 519 Kimball Ave., N.E. Roanoke, Virginia | 24016 | |||
| (Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: 540-777-4427
(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 240.425) |
| ¨ | 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 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 1.01. | ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. |
On October 20, 2010, Roanoke Gas Company, a subsidiary of RGC Resources, Inc., entered into Modification Number One to Promissory Note dated November 28, 2005 in the original amount of $15,000,000 (the “Modification”). The Modification modifies the terms of the original Promissory Note by extending the due date for the principal balance to March 31, 2012. All other terms and conditions provided for in the original Promissory Note remain in place after the Modification, including provision for monthly payments of accrued interest only until the due date.
| ITEM 2.03 | CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT |
Any information required by this Item 2.03 is set forth in Item 1.01 above in respect of the Modification, which information is incorporated herein by reference.
| ITEM 9.01. | FINANCIAL STATEMENT AND EXHIBITS. |
| 10.1 | Modification Number One to Promissory Note by Roanoke Gas Company in favor of Wells Fargo Bank, National Association dated October 20, 2010. |
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.
| RGC RESOURCES, INC. | ||||
| Date: October 22, 2010 | By: | /S/ HOWARD T. LYON | ||
| Howard T. Lyon | ||||
| Vice President, Treasurer and CFO | ||||
| (Principal Financial Officer) | ||||