Valence Technology Inc - Current report filing (8-K)
17 June 2008 - 6:56AM
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):
June 12, 2008
VALENCE TECHNOLOGY, INC.
(Exact name of registrant as
specified in its charter)
Delaware
(State or other jurisdiction
of incorporation)
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0-20028
(Commission
File Number)
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77-0214673
(IRS Employer
Identification Number)
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12201 Technology Boulevard,
Suite 150
Austin, Texas 78727
(Address of principal executive
offices)
(512) 527-2900
(Registrants telephone number, including area code)
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.
Valence
Technology, Inc. (the Company) and Berg & Berg Enterprises, LLC
(Berg & Berg) are parties to two loan agreements dated July 17,
1990 and October 5, 2001, respectively, both as amended. On June 12,
2008, Berg & Berg and the Company amended these loan agreements to
extend the maturity date of the loans from September 30, 2008 to September 30,
2010.
This
summary of the terms of the amendment is qualified in its entirety by the text
of the amendment, a copy of which is attached to this Form 8-K as Exhibit 10.1
and is incorporated herein by reference.
Item
9.01. Financial Statements
and Exhibits.
(d) Exhibits
Exhibit 10.1
Amendment No. 13 and Amendment No. 5
to Loan Agreements, dated as of June 12, 2008.
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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.
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VALENCE TECHNOLOGY, INC.
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Dated: June 16,
2008
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By:
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/s/ Roger Williams
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Roger Williams
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Vice President, General
Counsel and
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Assistant Secretary
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3
EXHIBIT
INDEX
Exhibit 10.1
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Amendment
No. 13 and Amendment No. 5 to Loan Agreements, dated as of
June 12, 2008.
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