Cobra Electronics 8-K 2012
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): April 16, 2012
COBRA ELECTRONICS CORPORATION
(Exact Name of Registrant as Specified in Charter)
Registrants Telephone Number, Including Area Code: (773) 889-8870
(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:
Item 1.01. Entry into a Material Definitive Agreement.
On April 16, 2012, Cobra Electronics Corporation (the Company) entered into the Second Amendment to Credit Agreement (the Amendment) among the Company, BMO Harris Bank N.A. (formerly known as Harris N.A.), as administrative agent, and the lenders party thereto. The Amendment increases the letter of credit sublimit available under the Companys revolving loan facility from $5,000,000 to $10,000,000.
A copy of the Amendment is attached hereto as Exhibit 10.1 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 required by this Item 2.03 is contained in Item 1.01 above and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
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: April 20, 2012
The following is a list of the exhibits filed herewith.