micreditagreement11.htm
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): June 30, 2008
WINLAND
ELECTRONICS, INC.
(Exact name of registrant as specified in its charter)
Minnesota
(State or Other Jurisdiction of Incorporation)
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1-15637
(Commission
File Number)
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41-0992135
(IRS
Employer Identification
No.)
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1950 Excel Drive
Mankato, Minnesota
56001
(Address of Principal Executive Offices) (Zip Code)
(507) 625-7231
(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:
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01 Entry into a Material Definitive Agreement.
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Item
9.01 Financial Statements and Exhibits.
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SIGNATURE
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Amendment
No. 11 to Credit Agreement
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On June
30, 2008, Winland Electronics, Inc. and M&I Marshall & Illsley Bank
executed Amendment No. 11 to the Credit and Security Agreement dated June 30,
2003, with an effective date of June 30, 2008. The
current amendment amends Section 1.1 to change the definition of “Maturity Date”
to be June 30, 2009 and to change clause (ii) of the definition of "LIBOR Rate"
to read "(ii) two and three-fourths percent (2.75%)". The amendment is
attached as an exhibit to this report.
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(a)
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Financial
statements: None.
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(b)
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Pro
forma financial information: None.
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(c)
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Shell
company transactions: None.
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(d)
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Exhibits:
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10.1
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Amendment
No. 11 to Credit Agreement between the Company and M&I Marshall &
Ilsley Bank dated June 30, 2008.
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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.
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Winland Electronics,
Inc. |
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Date:
July 25, 2008
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By:
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/s/ Glenn
A. Kermes |
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Glenn
A. Kermes |
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Chief
Financial Officer |
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SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
EXHIBIT
INDEX TO FORM 8-K
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Date
of Report:
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Commission
File No.:
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June
30, 2008
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1-15637
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WINLAND
ELECTRONICS, INC.
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EXHIBIT
NO.
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ITEM
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10.1
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Amendment
No. 11 to Credit Agreement between the Company and M&I Marshall &
Illsley Bank dated June 30, 2008.
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