8-K 1 flnt20191115_8k.htm FORM 8-K flnt20191115_8k.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): November 19, 2019

 


 

FLUENT, INC.

(Exact name of registrant as specified in its charter)

 


 

Delaware

 

001-37893

 

77-0688094

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

300 Vesey Street, 9th Floor

New York, New York

 

10282

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (646) 669-7272 

 


 

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:

 

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

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

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

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

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement

 

On November 19, 2019, Fluent, LLC entered into Amendment No. 10 to Credit Agreement (the “Amendment”), among Fluent, LLC, as Borrower, Fluent, Inc. (the “Company”), certain subsidiaries of the Company party thereto, the financial institutions party thereto, as lenders, and Whitehorse Finance, Inc., as Administrative Agent, amending the term loan facility originally dated as of December 8, 2015. The Amendment modified certain covenant language to allow the Company more flexibility to repurchase shares of its common stock.

 

The above summary of the Amendment is qualified in its entirety by reference to the full text of the Amendment, which is filed herewith as Exhibit 10.1, and is incorporated herein by reference.

 

Item 8.01. Other Events.

 

On November 19, 2019, the Company’s Board of Directors approved a stock repurchase program pursuant to which the Company is authorized to repurchase up to $5 million of shares of its common stock.

 

A press release announcing the repurchase program was issued and is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

 

 

 

Exhibit No.

 

Description

 

 

 

10.1

 

Amendment No. 10, dated November 19, 2019

     

99.1

 

Press release, dated November 19, 2019

 

 

 

 

 

 

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.

 

 

 

 

 

 

Fluent, Inc.

 

 

 

 

 

November 19, 2019

By:  

/s/ Ryan Schulke

 

 

Name:  

Ryan Schulke 

 

 

Title:  

Chief Executive Officer