SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 13, 2012
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:
Item 1.01. Entry into a Material Definitive Agreement.
Volt Information Sciences, Inc. (the “Company”) has entered into Amendment No. 10, dated as of December 13, 2012, to its Amended and Restated Receivables Purchase Agreement, dated as of June 3, 2008 (the “Purchase Agreement”), pursuant to which (1) the requirement under the Company’s accounts receivable securitization program that the Company provide audited financial statements for its fiscal 2009 and 2010 years by December 14, 2012, has been extended to January 31, 2013, (2) the expiration date under the Purchase Agreement was extended from June 3, 2013 to January 31, 2014, (3) the requirement to provide audited financial statements for its fiscal 2011 year by December 14, 2012, has been extended to May 31, 2013, and (4) the requirement to provide audited financial statements for its fiscal 2012 year has been extended to September 30, 2013. In addition, the liquidity facility supporting the Company’s accounts receivable securitization program has also been extended from December 14, 2012 to January 31, 2013. No amendments were required to any of the Company’s or any subsidiary’s other credit facilities, including the Company’s $42 million bank credit agreement.
The foregoing summary of Amendment No. 10 to the Purchase Agreement is qualified in its entirety by reference to the full text of Amendment No. 10 to the Purchase Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 4.1(a), and is incorporated herein by reference.
Item 7.01. Regulation FD Disclosure.
On December 13, 2012, the Company issued a press release concerning the amendments to the Purchase Agreement and the liquidity facility supporting the Company’s accounts receivable securitization program. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 7.01 and Exhibit 99.1 herein are being furnished, and shall not be deemed “filed,” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
S I G N A T U R E S
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.