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| VOL > SEC Filings for VOL > Form 8-K on 6-Oct-2009 | All Recent SEC Filings |
6-Oct-2009
Entry into a Material Definitive Agreement, Creation of a Direct
On September 30, 2009, Volt Information Sciences, Inc. (the "Company") entered into Amendment No. 3 to its Amended and Restated Receivables Purchase Agreement to, among other things, reduce the maximum amount of trade receivables that may be purchased by a financial conduit that is an affiliate of PNC Bank pursuant to the program from $175 million to $150 million (the "Securitization Program Amendment"). A copy of the Company's press release announcing the Securitization Program Amendment is attached to this Form 8-K as Exhibit 99.1 and the portion thereof dealing with the Securitization Program Amendment is incorporated herein by this reference.
The description set forth herein of the Securitization Program Amendment is qualified in its entirety by reference to the full and complete terms thereof included as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by this reference.
Information concerning Amendment No. 3 to the Amended and Restated Receivables Purchase Agreement dated as of September 30, 2009, set forth in Item 1.01, is incorporated herein by this reference.
On October 6, 2009, the Company issued a press release concerning its previously announced accounting review. A copy of the press release is attached as Exhibit 99.1 and the portion thereof dealing with the accounting review is incorporated herein by this reference.
(d) Exhibits:
10.1 Amendment No. 3 to the Amended and Restated Receivables Purchase Agreement dated as of September 30, 2009 among Volt Funding Corp., Volt Information Sciences, Inc., Market Street Funding LLC and PNC Bank, National Association (as Buyer Agent and Administrator).
99.1 The Company's press release dated October 6, 2009.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 6, 2009 By: /s/ Jack Egan Jack Egan, Senior Vice President and Chief Financial Officer
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