Attached files
| file | filename |
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| EX-10.1 - EXHIBIT 10.1 - MAGNETEK, INC. | ex10_1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
_________________________
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of report (Date of earliest event reported): February 19,
2010
_________________________
MAGNETEK,
INC.
(Exact
Name of Registrant as Specified in its Charter)
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Delaware
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1-10233
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95-3917584
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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N49
W13650 Campbell Drive
Menomonee
Falls, WI
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53051
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(Address
of Principal Executive Offices)
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(Zip
Code)
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|||
| (262) 783-3500 |
| (Registrant’s telephone number, including area code) |
| N/A |
| (Former Name or Former Address, if Changed Since Last Report) |
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General
Instruction A.2. below):
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o
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
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o
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR
240.14d- 2(b))
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o
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item
1.01 – Entry into a Material Definitive Agreement
On February 19, 2010, Magnetek, Inc.
(“Magnetek” or the “Company”) and Associated Bank, National Association
(“Associated Bank”) entered into a second amendment (the “Second Amendment to
the Credit Agreement”) to its Credit Agreement dated as of November 6, 2007,
between the Company and Associated Bank.
The Second Amendment to the Credit
Agreement included amendments to, among other things, (i) extend the maturity
date of the Credit Agreement to December 15, 2010; (ii) establish minimum
adjusted earnings before interest, taxes, depreciation and amortization
requirements for the periods ending March 31, 2010, June 30, 2010 and September
30, 2010; (iii) reduce the commitment amount of Associated Bank from $10.0
million to $7.5 million; (iv) establish maximum cash amounts the Company can
contribute to its defined benefit pension plan during calendar year 2010; and
(v) broaden the security interest of Associated Bank to include all assets of
the Company.
A copy of
the Second Amendment to Credit Agreement is attached to this Current Report on
Form 8-K as Exhibit 10.1 and is incorporated herein by this
reference.
Item
9.01 - Financial Statements and Exhibits
(d) Exhibits.
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Exhibit
Number
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Description
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10.1
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Second
Amendment to Credit Agreement dated as of February 19, 2010, between the
Company and Associated Bank, N.A.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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MAGNETEK,
INC.
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Date:
February 22, 2010
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By:
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/s/
Marty J. Schwenner
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Marty
J. Schwenner
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Vice
President and Chief Financial
Officer
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Exhibit
Index
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Exhibit
Number
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Description
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10.1
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Second
Amendment to Credit Agreement dated as of February 19, 2010, between the
Company and Associated Bank, N.A.
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