form8k.htm
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): April 28, 2011
AUTOINFO, INC.
(Exact name of Registrant as specified in its charter)
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Delaware
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001-11497
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13-2867481
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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6413 Congress Ave – Suite 260
Boca Raton
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33487
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(Address Of Principal Executive Office)
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(Zip Code)
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Registrant's telephone number, including area code (561) 988-9456
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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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01.
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Entry into a Material Definitive Agreement
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On April 28, 2011, the Registrant entered into the Second Amendment to the Loan and Security Agreement between the Registrant and Regions Bank (the “Amendment Agreement”) to amend its credit facility with Regions Bank to: (i) increase the line of credit from $30 to $35 Million; (ii) provide for interest at LIBOR plus from 1.75% to 2.25% based upon certain financial ratios; (iii) eliminate the interest rate floor of 3%; and (iv) extend the maturity date to June 30, 2014.
The foregoing summary is qualified in its entirety by reference to the Amendment Agreement which is attached as Exhibit 10.1 hereto.
(d) Exhibits
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Exhibit
Number
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Description
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Second Amendment to the Loan and Security Agreement, dated April 28, 2011, between the Company and Regions Bank
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Press Release dated May 3, 2011
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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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AutoInfo, Inc.
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Dated: May 3, 2011
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By:
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/s/ William Wunderlich
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William Wunderlich,
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Chief Financial Officer
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