Tier Technologies Inc (Other) (8-K)
28 September 2007 - 7:06AM
Edgar (US Regulatory)
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):
September 26,
2007
TIER
TECHNOLOGIES, INC.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or other jurisdiction of
incorporation)
|
000-23195
(Commission
File
Number)
|
94-3145844
(IRS
Employer Identification No.)
|
10780
Parkridge Blvd., 4
th
Floor
Reston,
Virginia
(Address
of principal executive offices)
|
|
20191
(Zip
Code)
|
|
(571)
382-1000
(Registrant's
telephone number, including area code)
|
|
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the obligation of the registrant under any of the following
provisions:
o
|
Written
communication 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 CRF
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
communication 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
September 26, 2007, Tier Technologies, Inc. ("Tier") and its wholly owned
subsidiaries, Official Payments Corporation and EPOS Corporation, entered into
a
Second Amendment to Amended and Restated Credit and Security Agreement with
City
National Bank (the “Amendment”), which amended the March 6, 2006 Amended and
Restated Credit and Security Agreement with City National Bank, (the
“Agreement”). Among other things, the Amendment, extended the
termination date of the Agreement until September 30, 2008 and reduced
Tier’s line of credit under the Agreement from $10.0 million to
$7.5 million.
The
foregoing description of the Amendment is not complete and is qualified in
its
entirety by reference to the Amendment, which is filed as Exhibit 99.1 hereto
and is incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
See
the
Exhibit Index attached to this Report, which is incorporated herein by
reference.
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.
|
|
TIER
TECHNOLOGIES, INC.
|
|
By:
|
/s/
David E. Fountain
|
|
Name:
|
David
E. Fountain
|
|
Title:
|
Chief
Financial Officer
|
Date:
September 27, 2007
|
|
|
99.1
|
Second
Amendment to Amended and Restated Credit and Security Agreement between
Tier Technologies, Inc., Official Payments Corporation, EPOS Corporation
and City National Bank dated September 26,
2007.
|
Tier Reit Inc. (NYSE:TIER)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tier Reit Inc. (NYSE:TIER)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Tier Reit, Inc. (New York Stock Exchange): 0 recent articles
More Tier Technologies Inc News Articles