UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): June 9, 2011
TRX, INC.
(Exact Name Of Registrant As Specified In Charter)
Georgia | 000-51478 | 58-2502748 | ||
(State of Incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) |
2970 Clairmont Road, Suite 300
Atlanta, Georgia 30329
(Address of principal executive offices, including zip code)
(404) 929-6100
(Registrants telephone number, including area code)
Not applicable
(Former name or 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):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | 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 June 9, 2011, TRX, Inc. (TRX) entered into the Agreement to Modify Credit Agreement, Security Agreement and Application and Reimbursement Agreement for Irrevocable Standby Letter of Credit by and between TRX and Atlantic Capital Bank (ACB) (the Amendment), further amending the Credit Agreement between TRX and ACB, dated May 30, 2008 and amended on December 3, 2008, October 19, 2009 and November 9, 2010 (the Credit Agreement).
The Amendment extends the maturity date of the Application and Reimbursement Agreement for Irrevocable Standby Letter of Credit to June 30, 2012. The Amendment relates to the Companys existing lease obligations of its Atlanta office, and such extension will recur periodically throughout the duration of the lease.
SIGNATURE
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 hereunto duly authorized.
TRX, INC. | ||||||||
(Registrant) | ||||||||
Date: June 15, 2011 | /s/ David D. Cathcart | |||||||
David D. Cathcart Chief Financial Officer |