Goamerica Inc - Current report filing (8-K)
May 07 2008 - 3:32PM
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): May 7, 2008 (May 1, 2008)
GoAmerica, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or Other Jurisdiction
of Incorporation)
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0-29359
(Commission
File Number)
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22-3693371
(I.R.S. Employer
Identification No.)
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433 Hackensack
Avenue
Hackensack, NJ 07601
(Address of principal executive offices) (Zip code)
(201) 996-1717
(Registrants 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:
[_]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[_]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[_]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[_]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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INFORMATION TO BE
INCLUDED IN THE REPORT
Item 1.01. Entry Into
a Material Definitive Agreement.
First Amendment and Waiver to Credit
Agreements
In
connection with our acquisition of Verizons TRS division and Hands On Video Relay
Services, Inc. on January 10, 2008, we entered intothe following:(i) the Credit Agreement
by and among GoAmerica, as borrower, the lenders from time to time party thereto, the
letter of credit issuers from time to time party thereto, Churchill Financial LLC, as
administrative agent, and Ableco Finance LLC, as collateral agent (the Churchill Credit
Agreement), and (ii) the Second Lien Credit Agreementby andamong GoAmerica, as borrower,
the lenders from time to time party thereto, and Clearlake Capital Group, L.P., as
administrative agent (the Second Lien Agreement). The lenders required us to agree in
the loan agreements, among other things, that within 90 days after the closings, we would
amend our certificate of incorporation to change the earliest date on which our Series A
Preferred Stock is subject to redemption by the holder to a date that is at least one
year after the Scheduled Term Loan Maturity Date (the COI Amendment).
On
May 2, 2008, the parties to the Churchill Agreement entered into a First Amendment and
Waiver to Credit Agreement, which extended the 90-day deadline for the completion of the
COI Amendment to 180 days and waived any Event of Default resulting from GoAmericas
failure to timely complete the COI Amendment.
On
May 1, 2008, the parties to the Second Lien Agreement entered into a First Amendment and
Waiver to Credit Agreement which extended the 90-day deadline for the completion of the
COI Amendment to 180 days and waived any Event of Default resulting from GoAmericas
failure to timely complete the COI Amendment.
The
180-day period is intended to allow us to solicit and obtain the necessary stockholder
consents for the COI Amendment at our annual stockholder meeting in June, in lieu of
holding a separate, prior stockholder meeting to solicit and obtain such consent.
Item 8.01. Other
Matters.
On
May 7, 2008, GoAmerica issued a press release announcing that its Board of Directors has
called for the annual stockholder meeting to be held on June 25, 2008, at such time and
place to be determined by the officers of the Company, and has set the record date for
the determination of stockholders entitled to receive a notice of the annual meeting and
to vote at the meeting to be the close of business on May 23, 2008. A copy of the press
release is attached hereto as Exhibit 99.1.
Item 9.01. Financial
Statements and Exhibits.
Exhibit
Number
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Description
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10.1
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First Amendment and Waiver to Credit Agreement dated as of May 2, 2008 by and
among GoAmerica, as borrower, the lenders from time to time party
thereto, the letter of credit issuers from time to time party
thereto, Churchill Financial LLC, as administrative agent, and
Ableco Finance LLC, as collateral agent.
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10.2
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First Amendment and Waiver to Second Lien Credit Agreement dated as of May 1,
2008 by andamong GoAmerica, as borrower, the lenders from time to
time party thereto, and Clearlake Capital Group, L.P., as
administrative agent.
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99.1
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Press release dated May 7, 2008.
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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.
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GoAmerica, Inc.
(Registrant)
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By:
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/s/ Donald G. Barnhart
Donald G. Barnhart
Senior Vice President
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Name:
Title:
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Date: May 7, 2008
EXHIBIT INDEX
Exhibit
Number
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Description
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10.1
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First Amendment and Waiver to Credit Agreement dated as of May 2, 2008 by and
among GoAmerica, as borrower, the lenders from time to time party
thereto, the letter of credit issuers from time to time party
thereto, Churchill Financial LLC, as administrative agent, and
Ableco Finance LLC, as collateral agent.
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10.2
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First Amendment and Waiver to Second Lien Credit Agreement dated as of May 1,
2008 by andamong GoAmerica, as borrower, the lenders from time to
time party thereto, and Clearlake Capital Group, L.P., as
administrative agent.
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99.1
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Press release dated May 7, 2008.
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