8-K 1 a4924355.txt HYDROMER 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) June 30, 2005 ------------------------------- Hydromer, Inc. -------------------------------------------------------------------------------- (Exact name of registrant as specified in its chapter) New Jersey 0-10683 22-2303576 ---------------------------- ------------ ------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 35 Industrial Parkway ------------------------------ Branchburg, N.J. 08876 -------------------------- ---------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (908) 722-5000 ----------------------------- 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 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 14-2(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)) Item 1.01. Entry into a Material Definitive Agreement. ------------------------------------------------------ On June 30, 2005, the Company closed on a long term financing facility of $1,990,000 in the form of a second mortgage on its property. This facility has a ten year term with a 6.38% fixed rate. $886,414 will be used to pay off a construction loan/continuing loan provided by New Millennium Bank and the remainder will be put in short term securities to be used for working capital and possible acquisitions. The facility was financed through Wachovia Bank, NA which also holds a $555,000 first Mortgage on the Company's property. EXHIBIT INDEX Exhibit No. Description of Exhibit ----------- ---------------------- 10.ch Loan Agreement dated June 30, 2005 between Wachovia Bank, N.A. and the Company 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. Hydromer, Inc. ------------------------ Registrant /s/ Robert Y. Lee ------------------------ Robert Y. Lee Chief Financial Officer Date July 5, 2005 ----------------