Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
CACI > SEC Filings for CACI > Form 8-K on 18-Nov-2013All Recent SEC Filings

Show all filings for CACI INTERNATIONAL INC /DE/

Form 8-K for CACI INTERNATIONAL INC /DE/


18-Nov-2013

Entry into a Material Definitive Agreement, Completion of Acquisition


Item 1.01. Entry into a Material Definitive Agreement.

On November 15, 2013, CACI International Inc and certain of its subsidiaries ("CACI") entered into a fifth amendment (the "Amendment") to its Credit Agreement (as amended, restated and modified from time to time prior to the date hereof, the "Credit Agreement"), dated as of October 21, 2010, with the lenders named therein and Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer.

The Amendment modifies the Credit Agreement to allow for the incurrence of $700 million in additional term loans and a $100 million increase in the revolving facility in contemplation of the acquisition of Six3 Systems Holdings II, Inc. ("Six3 Systems"), the terms of which were previously disclosed in a current report on Form 8-K dated October 9, 2013. The Amendment also includes
(i) revisions to the amortization of the principal amount of the term loan under the Credit Agreement to reflect the increased term loan amount; (ii) an increase in the ability to incur additional incremental indebtedness from $250 million to $400 million (plus the maximum amount, if any, such that after giving effect to such Incremental Facility on a Pro Forma Basis, the Consolidated Senior Secured Leverage Ratio, as defined in the Credit Agreement, would not be greater than 2.75:1.0); and (iii) an extension of the maturity of the term loans and revolving facility to November 14, 2018. The Amendment also institutes, as of the end of any fiscal quarter of the Borrower, a maximum Consolidated Senior Secured Leverage Ratio of (x) 4.0:1.0 for quarters ending prior to June 30, 2015; (y) 3.75:1.0 for quarters ending on or after June 30, 2015 but prior to December 31, 2016; and (z) 3.5:1.0 for quarters ending on or after December 31, 2016.

All other material terms of the Credit Agreement remain the same. Additional information regarding the terms of the Credit Agreement, as previously amended, is contained in CACI's current reports on Form 8-K, filed October 27, 2010, May 19, 2011, November 22, 2011, August 12, 2013 and November 5, 2013 which are incorporated herein by reference.

This summary does not purport to be complete and is qualified in its entirety by the complete text of the Credit Agreement, as amended previously and pursuant to the Amendment, filed as Exhibits 10.1, 10.2, 10.3, 10.4, 10.5 and 10.6 hereto and incorporated herein by reference.



Item 2.01 Completion of Acquisition or Disposition of Assets.

On November 15, 2013, CACI completed the acquisition of all of the outstanding shares of Six3 Systems pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated October 8, 2013, among CACI, Six3 Systems, Six3 Systems Holdings, LLC, CACI, INC.-FEDERAL and CACI Acquisition II, Inc. ("Merger Sub"). The terms of the Merger Agreement were previously described in CACI's current report on Form 8-K dated October 9, 2013, which is incorporated herein by reference.

In accordance with the terms of the Merger Agreement, Merger Sub's separate corporate existence ceased and Six3 Systems continued as the surviving corporation. Pursuant to the Merger Agreement, holders of Six3 Systems common stock will receive, in the aggregate, $820,000,000 in cash, reduced by the amount of Six3 Systems' indebtedness at closing. The purchase price is subject to a post-closing adjustment based on changes in Six3 Systems' Cash, Indebtedness and Net Working Capital (each as defined in the Merger Agreement) at closing.



Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated herein by reference.



Item 5.07. Submission of Matters to a Vote of Security Holders

The Annual Meeting of Shareholders of CACI International Inc (the "Company"), for which proxies were solicited pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended, was held on November 14, 2013.


The results detailed below represent the final voting results:

Proposal 1

The following ten nominees were elected to the Board of Directors of the Company (the "Board of Directors"):

                                                                    Broker
            Director Name              For          Withheld       Non-Votes

            Kenneth Asbury           19,292,121       110,051       2,112,687

            Michael A. Daniels       19,282,159       120,013       2,112,687

            James S. Gilmore III     19,051,210       350,962       2,112,687

            William Jews             19,298,258       103,914       2,112,687

            Gregory G. Johnson       19,050,353       351,819       2,112,687

            J.P. London              19,229,898       172,274       2,112,687

            James L. Pavitt          19,051,721       350,451       2,112,687

            Warren R. Phillips       19,253,484       148,688       2,112,687

            Charles P. Revoile       18,949,258       452,914       2,112,687

            William S. Wallace       19,326,781        75,391       2,112,687

Proposal 2

Shareholders approved, on an advisory basis, the compensation paid to the
Company's named executive officers, as disclosed pursuant to Item 402 of
Regulation S-K and contained in the 2013 Proxy Statement, including the
Compensation Discussion and Analysis, compensation tables and narrative
discussion:



                                                         Broker
                        For        Against    Abstain   Non-Votes
                     15,200,840   4,131,411   69,921    2,112,687

Proposal 3

Shareholders approved amendments to the 2002 Employee Stock Purchase Plan:



                                                        Broker
                         For       Against   Abstain   Non-Votes
                      19,260,449   79,728    61,995    2,112,687

Proposal 4

Shareholders ratified the appointment of Ernst & Young LLP as the Company's independent auditor for fiscal year 2014:

For Against Abstain 21,379,909 121,775 13,175



Item 7.01 Regulation FD Disclosure.

On November 15, 2013, CACI issued a press release related to the foregoing. A copy of the press release is attached hereto as Exhibit 99.1.




Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired: The financial statements required to be filed under this Item 9 shall be filed by an amendment to this Form 8-K not later than 71 days after the date that this current report on Form 8-K is required to be filed.

(b) Pro Forma Financial Information: The pro forma financial information required to be filed under this Item 9 shall be filed by an amendment to this Form 8-K not later than 71 days after the date that this current report on Form 8-K is required to be filed.

(d) Exhibits

Exhibit
Number                                    Description

10.1         The Credit Agreement dated October 21, 2010, between CACI
             International Inc, Bank of America, N.A. and a consortium of
             participating banks (incorporated by reference to Exhibit 10.1 to
             CACI's current report on Form 8-K, filed October 27, 2010).

10.2         Amendment dated May 17, 2011 to the Credit Agreement dated October 21,
             2010, between CACI International Inc, Bank of America, N.A. and a
             consortium of participating banks (incorporated by reference to
             Exhibit 10.2 to CACI's current report on Form 8-K, filed May 19,
             2011).

10.3         Amendment dated November 18, 2011 to the Credit Agreement dated
             October 21, 2010, between CACI International Inc, Bank of America,
             N.A. and a consortium of participating banks (incorporated by
             reference to Exhibit 10.3 to CACI's current report on Form 8-K, filed
             November 22, 2011).

10.4         Amendment dated August 6, 2013 to the Credit Agreement dated
             October 21, 2010, between CACI International Inc, Bank of America,
             N.A. and a consortium of participating banks (incorporated by
             reference to Exhibit 10.4 to CACI's current report on Form 8-K, filed
             August 12, 2013).

10.5         Amendment dated October 31, 2013 to the Credit Agreement dated
             October 21, 2010, between CACI International Inc, Bank of America,
             N.A. and a consortium of participating banks (incorporated by
             reference to Exhibit 10.5 to CACI's current report on Form 8-K, filed
             November 5, 2013).

10.6*        Amendment dated November 15, 2013 to the Credit Agreement dated
             October 21, 2010, between CACI International Inc, Bank of America,
             N.A. and a consortium of participating banks.

99.1*        Press Release dated November 15, 2013.

* filed herewith


  Add CACI to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for CACI - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.