0000353184-11-000020.txt : 20110823 0000353184-11-000020.hdr.sgml : 20110823 20110823115556 ACCESSION NUMBER: 0000353184-11-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110822 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110823 DATE AS OF CHANGE: 20110823 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIR T INC CENTRAL INDEX KEY: 0000353184 STANDARD INDUSTRIAL CLASSIFICATION: AIR COURIER SERVICES [4513] IRS NUMBER: 521206400 STATE OF INCORPORATION: DE FISCAL YEAR END: 0309 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11720 FILM NUMBER: 111051498 BUSINESS ADDRESS: STREET 1: 3524 AIRPORT RD CITY: MAIDEN STATE: NC ZIP: 28650 BUSINESS PHONE: 7043772109 MAIL ADDRESS: STREET 1: P O BOX 488 CITY: DENVER STATE: NC ZIP: 28037 FORMER COMPANY: FORMER CONFORMED NAME: AIR TRANSPORTATION HOLDING CO INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ATLANTA EXPRESS AIRLINE CORP DATE OF NAME CHANGE: 19840321 8-K 1 airt8kbankagmt.htm 8K FOR AIRT BOFA AMENDMENT DATED AUGUST 22, 2011 airt8kbankagmt.htm
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)  August 22, 2011


Air T, Inc.
 

(Exact Name of Registrant as Specified in its Charter)


                                                                                  Delaware                                                                      0-11720                                                                   52-1206400      
                                                                 (State or Other Jurisdiction                                    (Commission File Number)                                                 (I.R.S. Employer
                                                                         of Incorporation)                                                                                                                                          Identification No.)

3524 Airport Road
        Maiden, North Carolina 28650         
(Address of Principal Executive Offices)
 (Zip Code)

                                   (828) 464-8741                                
 (Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former name or former address, if changed from 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):

               Written communication 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-4c))

 
 
 

Item 1.01                      Entry into a Material Definitive Agreement

On August 22, 2011, Air T, Inc. (the “Company”) accepted a letter agreement from Bank of America, N.A. (the “Lender”) to extend, from August 31, 2012 to August 31, 2013, the availability period under the $7,000,000 revolving line of credit documented by the Loan Agreement dated September 18, 2007 between the Company and the Lender.  Such letter agreement is filed as Exhibit 10.1 hereto and is incorporated by reference herein.


Item 9.01                      Financial Statements and Exhibits

(c)           Exhibits

 
Exhibit 10.1
Letter agreement dated August 22, 2011 from Bank of America, N.A. to Air T, Inc.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: August 23, 2011

AIR T, INC.


By: /s/ John Parry                                              
John Parry, Vice President-Finance and Secretary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

 
 
 
 
Exhibit Index


Exhibit
Description
 
Exhibit 10.1
Letter agreement dated August 22, 2011 from Bank of America, N.A. to Air T, Inc.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 EX-10.1 2 bofaagmnt.htm AIRT & BANK OF AMERICA AMENDMENT DATED AUGUST 22, 2011 bofaagmnt.htm
Exhibit 10.1
 
 
Bank of America, N.A.
[Missing Graphic Reference]

 

 
August 22, 2011
 
Mr. John Parry, Vice President-Finance
Air T, Inc.
CSA Air, Inc.
Mountain Air Cargo, Inc.
MAC Aviation Services LLC
Global Ground Support, LLC
Global Aviation Services, LLC
 
3524 Airport Road
 
Maiden, NC 28650-9056

RE: Commercial Loan No. 01-0000892017-471/489/497/505
 
Dear Mr. Parry,
 
Bank of America, N.A. (the “Bank”) is pleased to renew the availability period for your companies above referenced $7,000,000.00 Revolving Line of Credit documented by Facility No. 1 of the Loan Agreement dated September 18, 2007 (including any previous amendments, the "Agreement").
 
Effective as of the current Expiration Date of August 31, 2012 the availability period shall be extended and shall expire on the new Expiration Date of August 31, 2013.  All other terms and conditions of the Agreement shall remain in full force and effect.
 
I also want to take this opportunity to thank you for your business. I believe we can continue to provide your company with the same high level of customer service and expertise.
 
If you have any questions, please contact your Client Manager, Alan Stephens at (980) 386-1125.
 
Bank of America, N.A.
 
/s/ Cindy Stringfield
Cindy Stringfield
Assistant Vice President
Documentation Administrator III