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EX-10.1 - HALLMARK FINANCIAL SERVICES INCv215418_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):           March 21, 2011                                                                                 

HALLMARK FINANCIAL SERVICES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Nevada

(State or Other Jurisdiction of Incorporation)

001-11252
 
87-0447375
(Commission File Number)
 
(IRS Employer Identification No.)

777 Main Street, Suite 1000, Fort Worth, Texas
 
76102
(Address of Principal Executive Offices)
 
(Zip Code)

817-348-1600

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(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):

o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

Item 1.01
Entry into a Material Definitive Agreement

On March 21, 2011, Hallmark Financial Services, Inc. (“HFS”) and each of its subsidiaries (collectively with HFS, the “Company”) entered into an Eighth Amendment to First Restated Credit Agreement (the “Eighth Amendment”) with The Frost National Bank (“Frost”) effective as of March 21, 2011.  The Eighth Amendment increases the revolving commitment to $15 million from $5 million.  In addition, the Eighth Amendment revises various affirmative and negative covenants and updates various exhibits and schedules.  The foregoing description of the Eighth Amendment is qualified in its entirety by reference to the definitive agreement filed as an exhibit to this Current Report on Form 8-K and incorporated herein by this reference.

Item 9.01
Financial Statements and Exhibits

(c)
Exhibits.

 
10.1
Eighth Amendment to First Restated Credit Agreement among Hallmark Financial Services, Inc. and its subsidiaries and The Frost National Bank dated March 21, 2011.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.

   
HALLMARK FINANCIAL SERVICES, INC.
       
       
       
Date:     March 21, 2011
 
By:
/s/ Jeffrey R. Passmore
     
Jeffrey R. Passmore, Chief Accounting Officer