Summary of DYNAMICS RESEARCH CORP

Item 8.01. Other Events.

On December 31, 2012, Dynamics Research Corporation (the "Company") prepaid $15.0 million of its $40.0 million senior subordinated loan. The Company also reported that approximately $315 thousand of amortizable non-cash deferred financing costs associated with the early repayment would be accelerated to the fourth quarter of 2012. Also, a make whole payment of approximately $1.7 million was paid to the subordinated lender. A press release regarding such prepayment is furnished herewith as Exhibit 99.1.

In connection with that prepayment, the Company amended its Senior Subordinated Loan Agreement entered into by the Company with Ares Mezzanine Partners, L.P. and its Credit Agreement entered into by the Company and Bank of America, N.A., as Administrative Agent. The amendments (i) enabled the prepayment including the payment of a make-whole premium, (ii) permit future payments of subordinated debt after July 1, 2013, and (iii) amend certain financial covenants.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

    Exhibit No.   Description
       10.1       Amendment No. 3 to Senior Subordinated Loan Agreement, dated as of
                  December 31, 2012, among Dynamics Research Corporation, the Borrower,
                  the Guarantors, Ares Mezzanine Partners, L.P., as a Lender and Lead
                  Investor and the other lenders from time to time party hereto.

       10.2       Amendment No. 4 to Credit Agreement, dated as of December 31, 2012,
                  among Dynamics Research Corporation, the Borrower, the Guarantors,
                  each Lender party and Bank of America, N.A., as Administrative Agent,
                  Swing Line Lender and L/C Issuer.

       99.1       Press Release dated January 7, 2013.