-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IMR7/PAOqGZs3ntiscaJEsIZtTF7bP+e/2RZaTxfZCy64qAZv8UTmx2neEJ4b1nc E0uRc0yuwi+4iMetVlIMPg== 0000950138-07-000216.txt : 20070314 0000950138-07-000216.hdr.sgml : 20070314 20070314163150 ACCESSION NUMBER: 0000950138-07-000216 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070312 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20070314 DATE AS OF CHANGE: 20070314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Stereotaxis, Inc. CENTRAL INDEX KEY: 0001289340 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 943120386 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50884 FILM NUMBER: 07693964 BUSINESS ADDRESS: STREET 1: 4041 FOREST PARK AVENUE CITY: ST.LOUIS STATE: MO ZIP: 63108 BUSINESS PHONE: 314-615-6940 MAIL ADDRESS: STREET 1: 4041 FOREST PARK AVENUE CITY: ST.LOUIS STATE: MO ZIP: 63108 8-K 1 stereotaxis_march14-8k.htm ST. LOUIS FILINGS\STEREOTAXIS MARCH 14 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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)

March 12, 2007

 

 

STEREOTAXIS, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

000-50884

94-3120386

(Commission File Number)

(IRS Employer Identification No.)

 

4320 Forest Park Avenue,
St. Louis, Missouri

63108

(Address of Principal Executive Offices)

(Zip Code)

 

(314) 678-6100

(Registrant’s Telephone Number, Including Area Code)

 

 

(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 (see General Instruction A.2. below):

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 1.01.

Entry into a Material Definitive Agreement

On March 12, 2007, Stereotaxis, Inc. (the “Company”) entered into a Third Loan Modification Agreement with Silicon Valley Bank. This Third Loan Modification Agreement retains substantially all of the same terms and conditions as the Second Loan Modification, which was in effect at December 31, 2006, but increases the maximum borrowing capacity to $25 million, an increase of $15 million, and provides for an additional $2 million in equipment advances to be drawn prior to June 30, 2007. In the event the Company’s quick asset ratio (as defined in the agreement) falls below 1.75 to 1, the Company would be required to meet certain operating performance covenants. The maturity date of the revolving line of credit under the Third Loan Modification Agreement is extended to March 2009 and the interest rate is adjusted to the lender’s prime rate plus either 0.25% or 0.75%, depending on a defined liquidity measure.

 

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.

 

 

 

STEREOTAXIS, INC.

 

 

 

 

Date: March 14, 2007

By:

/s/ James M. Stolze

 

 

 

 

Name:

James M. Stolze

 

 

Title:

Vice President and Chief Financial Officer

 

 

 

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