0000065201-12-000004.txt : 20120229 0000065201-12-000004.hdr.sgml : 20120229 20120229140656 ACCESSION NUMBER: 0000065201-12-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120229 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120229 DATE AS OF CHANGE: 20120229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MET PRO CORP CENTRAL INDEX KEY: 0000065201 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL & COMMERCIAL FANS & BLOWERS & AIR PURIFYING EQUIP [3564] IRS NUMBER: 231683282 STATE OF INCORPORATION: PA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07763 FILM NUMBER: 12651632 BUSINESS ADDRESS: STREET 1: 160 CASSELL ROAD CITY: HARLEYSVILLE STATE: PA ZIP: 19438 BUSINESS PHONE: 2157236751 MAIL ADDRESS: STREET 1: 160 CASSELL ROAD STREET 2: BOX 144 CITY: HARLEYSVILLE STATE: PA ZIP: 19438 FORMER COMPANY: FORMER CONFORMED NAME: MET PRO WATER TREATMENT CORP DATE OF NAME CHANGE: 19740924 FORMER COMPANY: FORMER CONFORMED NAME: MET PRO INC DATE OF NAME CHANGE: 19661026 8-K 1 mpr8k20120222.htm FORM 8-K mpr8k20120222.htm


UNITES 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):   February 17, 2012

 
MET-PRO CORPORATION
(Exact name of registrant as specified in its charter)
 
 
 
 
 
Pennsylvania
001-07763
23-1683282
 
(State or other jurisdiction of
 (Commission File Number)
(I.R.S. Employer
 
incorporation or organization)
 
Identification No.)
 

 
160 Cassell Road, P.O. Box 144
     
Harleysville, Pennsylvania
 
19438
 
(Address of principal executive offices)
 
(Zip Code)
 

Registrant’s telephone number, including area code: (215) 723-6751
 
 
 
 
 
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 2.03.   Creation of a Direct Financial Obligation or an Obligation under Off-Balance Sheet Arrangement of a Registrant.
   
 
(a) Creation of a Direct Financial Obligation
 
On February 17, 2012, Met-Pro Corporation and Citizens Bank reaffirmed the Line of Credit note in the amount of $4,000,000 from February 28, 2012 through November 30, 2012. Borrowings are evidenced by the Promissory Note dated February 23, 1996. A copy of the Reaffirmation of the Line of Credit is filed as an exhibit hereto.

 
Item 9.01.   Financial Statements and Exhibits
   
(10)(co)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
SIGNATURE
 
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, thereunto duly authorized.
 
Date:  February 29, 2012 MET-PRO CORPORATION
   
   
   
  By: /s/ Gary J. Morgan
  Gary J. Morgan,
  Senior Vice President - Finance and
  Chief Financial Officer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


 
 
 

 
 
 
Exhibit Index
 
 
 
Exhibit
 
 Description
       
  (10)(co)  
 

 


 

 





 
 


 
 
 
EX-10.CO 2 mpr8k20120222ex10co.htm REAFFIRMATION LINE OF CREDIT, DATED FEBRUARY 10, 2012 mpr8k20120222ex991.htm
 
  Exhibit (10)(co)
     
     
     
 
Suite 300
3025 Chemical Road
Plymouth Meeting, PA 19462
 
 
 
 
 
 
February 10, 2012
 
 
Mr. Gary J. Morgan
Senior Vice President - Finance & CFO
Met-Pro Corporation
160 Cassell Road
Harleysville, Pa. 19438
 
Re: Demand Line of Credit
 
Dear Gary,
 
Please be advised that we have reaffirmed your Discretionary Demand Line of Credit in the amount of $4,000,000 from February 28, 2012 through November 30, 2012. Borrowings under the Line will be on mutually agreeable terms and conditions, and will be subject to review from time to time. Borrowings are evidenced by the Demand Promissory Note dated February 23, 1996 and advances will be available at our discretion.
 
Sincerely,
 
 
/s/Dale R. Carr
 
Dale R. Carr
Senior Vice President
 
 
Agreed and Accepted this     17th       day of   February    2012.
 
 
 
 
 
/s/Raymond J. De Hont   /s/Gary J. Morgan
Raymond J. De Hont   Gary J. Morgan
Chairman and CEO   Senior Vice President -Finance & CFO
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