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EX-10.1 - WAIVER AND AMENDMENT AGREEMENT - MAD CATZ INTERACTIVE INCd297297dex101.htm
EX-99.1 - PRESS RELEASE - MAD CATZ INTERACTIVE INCd297297dex991.htm

 

 

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): February 8, 2012

 

 

MAD CATZ INTERACTIVE, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Canada   001-14944   N/A

(State or Other Jurisdiction of

Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

7480 Mission Valley Road, Suite 101

San Diego, California 92108

(Address of Principal Executive Offices)

 

 

(619) 683-9830

(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:

 

¨ 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 240.14.a-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 February 8, 2012, Mad Catz, Inc. (“MCI”), a wholly-owned subsidiary of Mad Catz Interactive, Inc. (the “Company”), entered into a Waiver and Amendment Agreement (the “Agreement”) with Wells Fargo Capital Finance, LLC (the “Lender”), to that certain Third Amended and Restated Loan Agreement dated June 23, 2009 between the Company and the Lender (the “Loan Agreement”). The Agreement waives a default under the fixed charge coverage ratio covenant of the Loan Agreement as of December 31, 2011 and temporarily modifies the covenant for the quarter ended March 31, 2012. The description of the Agreement set forth under this Item 1.01 is qualified in its entirety by reference to the complete terms and conditions of the Agreement filed as Exhibit 10.1 hereto.

 

Item 2.02. Results of Operations and Financial Condition

The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

On February 8, 2012, the Company issued a press release announcing its financial results for its fiscal third quarter ended December 31, 2011. A copy of the press release is attached hereto as Exhibit 99.1.

The information contained in this Current Report, including the exhibit, shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

 

Item 9.01. Financial Statements and Exhibits

 

  (d) Exhibits.

 

10.1    Waiver and Amendment Agreement, dated February 8, 2012.
99.1    Press Release, dated February 8, 2012, issued by Mad Catz Interactive, Inc., furnished pursuant to Item 2.02 of Form 8-K.

 

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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 hereunto duly authorized.

 

Date: February 8, 2012     MAD CATZ INTERACTIVE, INC.
    By:  

/s/ ALLYSON EVANS

    Name: Allyson Evans
    Its: Chief Financial Officer

 

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