-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, D5H1LzeLBh+83EB3Tx9UW2W4mwod7Uoa4iafGTBLCDZOtoIJd7+pJpaFteHBPChA ef0ylF7NTGSzyYlTZxAUhg== 0001015402-04-005585.txt : 20041227 0001015402-04-005585.hdr.sgml : 20041224 20041227082859 ACCESSION NUMBER: 0001015402-04-005585 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041227 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20041227 DATE AS OF CHANGE: 20041227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONCURRENT COMPUTER CORP/DE CENTRAL INDEX KEY: 0000749038 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571] IRS NUMBER: 042735766 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13150 FILM NUMBER: 041225611 BUSINESS ADDRESS: STREET 1: 4375 RIVER GREEN PARKWAY CITY: DULUTH STATE: GA ZIP: 30097 BUSINESS PHONE: 6782584000 MAIL ADDRESS: STREET 1: 4375 RIVER GREEN PARKWAY CITY: DULUTH STATE: GA ZIP: 30097 FORMER COMPANY: FORMER CONFORMED NAME: MASSACHUSETTS COMPUTER CORP DATE OF NAME CHANGE: 19881018 8-K 1 doc1.txt 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): December 27, 2004 ----------------- Concurrent Computer Corporation ------------------------------- (Exact name of registrant as specified in its charter) Delaware -------- (State or other jurisdiction of incorporation) 0-13150 ------- (Commission File Number) 04-2735766 ---------- (IRS Employer Identification Number) 4375 River Green Parkway, Suite 100, Duluth, Georgia 30096 ---------------------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (678) 258-4000 Not Applicable -------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On December 23, 2004, Concurrent Computer Corporation, a Delaware corporation (the "Company" or the "Registrant"), executed a Loan and Security Agreement by and between Silicon Valley Bank (the "Bank") and the Company (the "Credit Agreement"). The Credit Agreement provides for a two year $10,000,000 revolving credit line (the "Revolver") and a three year $3,000,000 term loan (the "Term Loan") and also provides that substantially all of the assets of the Company will secure the Company's obligations to the Bank thereunder, including the stock of three of the Company's domestic subsidiaries. The Revolver expires on December 23, 2006, unless terminated earlier in accordance with its terms, and the Term Loan expires on December 23, 2007, unless terminated earlier in accordance with its terms. As of the date of closing of the Credit Agreement, the Company had no amounts drawn under the Revolver and had drawn down the entire $3,000,000 under the Term Loan. Interest on all outstanding amounts under the Revolver is payable monthly at the Bank's prime rate (5.25% at December 23, 2004) plus 3.25% per annum, and interest on all outstanding amounts under the Term Loan is payable monthly at a rate of 8% per annum. The Term Loan is repayable in 36 equal monthly principal and interest installments of $93,701.40 and the outstanding principal of the Revolver is due on December 23, 2006, unless the Revolver is terminated earlier in accordance with its terms. In addition, the Credit Agreement contains certain financial covenants, including required financial ratios and a minimum tangible net worth, and customary restrictive covenants concerning the Company's operations. ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT. The contents of Item 1.01 of this Current Report on Form 8-K are incorporated into this Item 2.03 by reference. -2- 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. Dated: December 27, 2004. CONCURRENT COMPUTER CORPORATION By: /s/ Steven R. Norton ---------------------------- Steven R. Norton Executive Vice President and Chief Financial Officer -3- -----END PRIVACY-ENHANCED MESSAGE-----