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| MNRO > SEC Filings for MNRO > Form 8-K on 20-Dec-2012 | All Recent SEC Filings |
20-Dec-2012
Entry into a Material Definitive Agreement, Creation of a Direct Financia
On December 17, 2012, Monro Muffler Brake, Inc. (the "Company"), amended its Amended and Restated Credit Agreement (the "Amendment"), originally entered into on June 13, 2011, between RBS Citizens, N.A., as administrative agent; Bank of America, N.A., as syndication agent; JPMorgan Chase Bank, N.A. and Branch Banking and Trust Company, as co-documentation agents; and a syndicate of other lenders (the "Credit Agreement").
The Amendment increases the borrowing capacity by $75,000,000 to a total of $250,000,000, and allows the Company to request an increase of an additional $75,000,000 to its borrowing capacity. The Amendment also extends the maturity date to December 17, 2017. All other unchanged terms under the Credit Agreement remain in full force and effect. A copy of the Amendment will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended December 29, 2012.
The description of the Credit Agreement provided in Item 1.01 hereof is incorporated herein by reference.
As previously disclosed, in April 2011 the Board of Directors of the Company
created the position of Lead Independent Director and established the duties of
the Lead Independent Director in a charter adopted by the Board. On August 7,
2012, the Board of Directors authorized an amendment to the Company's By-Laws to
add Section 2.12, which updated the By-Laws to reflect the power the Board of
Directors of the Company (the "Board") to designate a Lead Independent Director
in circumstances where the Chairman of the Board is not independent.
Section 2.12 further confirms the power of the Board to authorize the Lead
Director to coordinate the activities of the other independent directors and to
perform such other duties and responsibilities as the Board may determine. Such
duties include, without limitation, the right to call meetings of the
independent directors of the Board by written request to the President or
Secretary of the Company. A copy of the amended By-Laws is attached to this
current report as Exhibit 3.02 and incorporated herein by reference.
Exhibit No. Description
3.02 Amendedand Restated By-Laws, dated as of August 7, 2012.
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