- Current report filing (8-K)
December 22 2009 - 2:02PM
Edgar (US Regulatory)
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): December 22, 2009 (December
18, 2009)
US DATAWORKS,
INC.
(Exact
name of registrant as specified in its charter)
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
Number)
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One
Sugar Creek Blvd., 5
th
Floor
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(Address
of principal executive offices)
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(Zip
Code)
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(281)
504-8000
(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 obligations 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
(a)
On December 18,
2009, US Dataworks, Inc. (the “Company”) entered into Note Modification
Agreements with the holders of an aggregate of $3,703,500 Senior Secured Notes,
as amended by those certain Note Modification Agreements dated February 19,
2009, May 20, 2009 and June 26, 2009 (the “Refinance
Notes”). Effective as of December 18, 2009, the Note Modification
Agreements amended the Refinance Notes as follows: (1) the maturity date of $1.8
million of principal on the Refinance Notes (the “Second Principal Amount”) was
extended from July 1, 2010 to January 1, 2014, with the remaining principal
balance on the Refinance Notes continuing to be due and payable on July 1, 2010
and (2) the
Company
is now permitted to make principal payments on the Other Note (defined below)
prior to paying the Second Principal Amount. The term “Other Note”
means that certain 8.75% Promissory Note dated September 25, 2007 executed by
the Company and payable to the order of the holder thereof in the original
principal amount of $500,000, as amended by those certain Note Modification
Agreements dated May 20, 2009 and June 26, 2009. The foregoing
description of the Note Modification Agreements is qualified in its entirety by
reference to the Note Modification Agreements, copies of which are attached to
this Current Report as exhibits and incorporated herein by
reference.
Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
The
information provided under Item 1.01 is incorporated herein by
reference.
Item 9.01
Financial Statements and Exhibits
(a)
Exhibits
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10.1
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Note
Modification Agreement by and between US Dataworks, Inc. and John L.
Nicholson, M.D. dated December 18,
2009.
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10.2
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Note
Modification Agreement by and between US Dataworks, Inc. and Charles E.
Ramey dated December 18, 2009.
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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.
Dated: December 22, 2009
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US
DATAWORKS, INC.
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By:
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/s/ Charles
E. Ramey
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Charles
E. Ramey
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Chief
Executive Officer
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EXHIBIT
INDEX
Exhibit
No.
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Description
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10.1
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Note
Modification Agreement by and between US Dataworks, Inc. and John L.
Nicholson, M.D. dated December 18,
2009.
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10.2
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Note
Modification Agreement by and between US Dataworks, Inc. and Charles E.
Ramey dated December 18,
2009.
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