0001437749-15-012107.txt : 20150610 0001437749-15-012107.hdr.sgml : 20150610 20150610103347 ACCESSION NUMBER: 0001437749-15-012107 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150610 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20150610 DATE AS OF CHANGE: 20150610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERPHASE CORP CENTRAL INDEX KEY: 0000728249 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 751549797 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35267 FILM NUMBER: 15922686 BUSINESS ADDRESS: STREET 1: 4240 INTERNATIONAL PARKWAY, SUITE 105 CITY: CARROLLTON STATE: TX ZIP: 75007 BUSINESS PHONE: 2146545000 MAIL ADDRESS: STREET 1: 4240 INTERNATIONAL PARKWAY, SUITE 105 CITY: CARROLLTON STATE: TX ZIP: 75007 8-K 1 inph20150608_8k.htm FORM 8-K inph20150608_8k.htm

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K 

 

CURRENT REPORT PRUSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934 

 

Date of report (date of earliest event reported): June 10, 2015

 

INTERPHASE CORPORATION

(Exact Name of Registrant as Specified in Its Charter) 

 

Texas

                              

(State or Other Jurisdiction of Incorporation)

 

 

 

1-35267

 

75-1549797

                                             

 

                                 

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

 

4240 International Parkway, Suite 105, Carrollton, Texas

 

75007

                                                                                               

 

             

(Address of Principal Executive Offices)

 

(Zip Code)

 

(214) 654-5000

                                       

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

                                 

(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):

 

[ ]

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))

 

 
 
 

 

Item 1.02

 

Termination of a Material Definitive Agreement.

 

On June 10, 2015, Interphase Corporation terminated its existing loan agreement with Texas Capital Bank, National Association, dated December 19, 2008, and as amended from time to time. The loan agreement terminated was a $5.0 million revolving bank credit facility with a current maturity date of December 19, 2016. The applicable interest rate on all outstanding balances was based on LIBOR plus a margin rate of 1.0% to 1.5% based on certain factors included in the agreement. All outstanding balances and applicable interest has been repaid under terms of the loan agreement. There were no termination penalties incurred with this termination.

 

 

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 hereunto duly authorized.

 

 

 

 

Interphase Corporation

 

 

 

 

 

 

By:

/s/ Jennifer J. Kosharek

 

Date: June 10, 2015

Title: Chief Financial Officer, Secretary

 

 

Vice President of Finance and Treasurer