Jaclyn Inc - Current report filing (8-K)
22 December 2007 - 4:56AM
Edgar (US Regulatory)
UNITED
STATES
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): December 20, 2007
JACLYN, INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction
of Incorporation)
|
1-5863
(Commission
File No.)
|
22-1432053
(IRS Employer
Identification No.)
|
|
|
|
197 West Spring Valley Road
Maywood, New Jersey
|
|
07607
|
(Address of Principal Executive Offices)
|
|
(Zip Code)
|
Registrant's telephone number, including area code: (201)
909-6000
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:
o
|
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
|
o
|
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
|
o
|
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.
|
On December 20, 2007, Jaclyn, Inc. (the
“
Company
”) entered into a
Fourth Amendment (the
“
Amendment
”) to Revolving
Loan Agreement, Promissory Note and Other Loan Documents (as amended to date, the
“
Loan Agreement
”) with TD
Banknorth, N.A., successor by merger to Hudson United Bank. Under the Loan Agreement, the
Company may purchase shares of its common stock subject to certain conditions. The
Amendment modified the Loan Agreement to increase to $3,000,000 the aggregate dollar amount
of permitted purchases by the Company of its shares of common stock during the period
ending on June 30, 2009, as well as to expressly permit the use of proceeds of loans under
the Loan Agreement to make such purchases.
The foregoing summary of the Amendment is qualified in its entirety by
reference to the full text of the Amendment, a copy of which is attached to this Report on
Form 8-K as Exhibit 10.01 and which is incorporated herein by reference.
Item 9.01.
|
Financial Statements and Exhibits.
|
|
10.01
|
Fourth Amendment to Revolving Loan Agreement, Promissory
Note and Other Loan Documents dated December 20, 2007 between the Company
and TD Banknorth, N.A.
|
SIGNATURES
Pursuant to the requirements of Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
December 21, 2007
|
JACLYN, INC.
|
EXHIBIT INDEX
Jaclyn (AMEX:JLN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jaclyn (AMEX:JLN)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Jaclyn, (American Stock Exchange): 0 recent articles
More Jaclyn Inc News Articles