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MOC > SEC Filings for MOC > Form 8-K on 20-Oct-2011All Recent SEC Filings

Show all filings for COMMAND SECURITY CORP

Form 8-K for COMMAND SECURITY CORP


20-Oct-2011

Entry into a Material Definitive Agreement, Financial Statements and Exhibi


Item 1.01 Entry into a Material Definitive Agreement

On October 18, 2011, Command Security Corporation (the "Company") entered into an amendment (the "Amendment") to its Credit and Security Agreement dated February 12, 2009 between the Company and Wells Fargo Bank, National Association ("Credit Facility"). The Amendment (i) extends the term of the $20.0 million Credit Facility to October 2016, (ii) decreases the interest rate spreads on the outstanding principal balance of the revolving loans to LIBOR plus 1.75% and amends certain covenants including: (a) increasing the amount of capital expenditures that can be incurred in the aggregate during any fiscal year or in any one transaction and (ii) permitting the Company to repurchase up to $2 million of its common stock subject to certain conditions.

A copy of the Amendment is attached to this current report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment.

On October 20, 2011, the Company issued a press release announcing the signing of the Amendment, a copy of which is attached to this current report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

10.1 Second Amendment to Credit and Security Agreement, dated as of October 18, 2011, between Command Security Corporation and Wells Fargo Bank, National Association.

99.1 Press release issued by Command Security Corporation on October 20, 2011.


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