Kforce 8-K 2007
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): July 2, 2007
(Exact name of registrant as specified in its charter)
1001 East Palm Avenue, Tampa, Florida 33605
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (813) 552-5000
(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:
The information set forth in Item 2.03 is incorporated by reference into this Item 1.01.
On July 2, 2007, Kforce Inc. (Kforce) and its subsidiaries Kforce Government Solutions, Inc. (Government Solutions), and Bradson Corporation (Bradson, and together with Kforce and Government Solutions, the Borrowers) entered into a First Amendment to the Second Amended and Restated Credit Agreement (the Amendment), with a syndicate led by Bank of America, N.A. (the Administrative Agent) which amends certain provisions of the Second Amended and Restated Credit Agreement, dated October 2, 2006, (as amended to date, the Credit Agreement).
The Amendment affects Sections 7.2, 7.9, 7.10, 7.15 and 7.28 of the Credit Agreement and allows any Borrower to merge or consolidate with any other Borrower provided that (i) a Borrower is the surviving corporation and, in the event of a merger with the parent, that the parent is the surviving entity, (ii) any documents necessary to maintain the priority of the Administrative Agents liens are executed, and (iii) no default will arise from the transaction. The Amendment also contains other terms and conditions which reaffirm the Borrowers obligations under the Credit Agreement.
The foregoing summary of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment, which has been attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
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.