On January 30, 2013, WSI Industries, Inc. (the "Company") amended its Revolving Line of Credit Promissory Note and Loan Agreement (the "Amendment") with its bank. The Amendment extended the term of the Agreement for one year until February 1, 2014. The interest rate in the Agreement was modified to be at a fluctuating annual interest rate equal to the LIBOR Rate, plus Two Hundred (200) basis points per year. The Amendment also increased the Line to a maximum potential borrowing of $3 million until May 31, 2013, at which point the Line reverts to a maximum of $1 million. The Amendment also modified certain restrictive covenants regarding minimum net worth, and the debt service coverage ratio.

The summary of the Amendment does not purport to be complete and is subject to and qualified in its entirety by reference to such document, which is included as Exhibit 10.1 of Item 9.01 to this Form 8-K and is incorporated by reference into these Items 1.01 and 2.03.

Item 9.01       Financial Statements And Exhibits.

Exhibit No.     Description
10.1            Second Amendment and Modification of Revolving Line of Credit Promissory
                Note,
                Loan Agreement and Reaffirmation of Guaranties, and Amended and Restated
                Revolving Credit Promissory Note.