8-K 1 v109790_8k.htm
 
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): March 31, 2008
SONIC SOLUTIONS
(Exact name of registrant as specified in its charter)
 
California
23190
93-0925818
(State or other jurisdiction
of organization)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
 
101 Rowland Way, Suite 110 Novato, CA
94945
(Address of principal executive offices)
(Zip Code)
 
Registrant's telephone number, including area code:
(415) 893-8000
   

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))
 
 


 
On March 31, 2008, Sonic Solutions (“Sonic”) entered into a third amendment (the “Third Amendment”) to its Loan and Security Agreement (as amended by the First Amendment to Loan and Security Agreement dated December 20, 2005, and as further amended by the Second Amendment to Loan and Security Agreement dated September 28, 2007) (as amended, the “Loan Agreement”) with Union Bank of California, N.A. (“UBOC”).

The Third Amendment extends the maturity date of its revolving line of credit under the Loan Agreement from March 31, 2008 to June 30, 2008. The Amendment also evidences the waiver by UBOC of certain covenant defaults under the Loan Agreement.

The foregoing description of the Third Amendment is qualified in its entirety by reference to the full text of the Third Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.
 
d. Exhibits
 
The following exhibit is filed with this Current Report on Form 8-K:
 
Exhibit
 
Description
     
10.1
 
Third Amendment to Loan and Security Agreement by and between Sonic Solutions and Union Bank of California, N.A., dated March 31, 2008.
 

 
 

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.

 
 
 
 
SONIC SOLUTIONS
 
 
 
 
 
 
 
By:
  /s/ David C. Habiger                        
 
Name:   David C. Habiger
 
Title:     President and Chief Executive Officer       

Date: April 4, 2008