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): September 30, 2010
ITERIS, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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001-08762 |
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95-2588496 |
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(State or other jurisdiction of |
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(Commission File Number) |
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(IRS Employer Identification No.) |
1700 Carnegie Avenue, Suite 100, Santa Ana, California 92705
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (949) 270-9400
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:
o Written communications pursuant to Rule 425 under the Securities Act
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 1.01 Entry into a Material Definitive Agreement; and
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On September 30, 2010, Iteris, Inc. (the “Company”) entered into a Modification Agreement (the “Agreement”) with California Bank & Trust (“CBT”), which amends that certain Amended and Restated Loan and Security Agreement dated February 4, 2009 by and between the Company and CBT, and the promissory notes and other documents relating thereto (collectively, the “Loan Documents”). The Agreement extends the expiration date of the line of credit under the Loan Documents from October 1, 2010 to October 1, 2012 and revises the definition of the term “Permitted Investments”.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which is attached hereto as an exhibit and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
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Exhibit No. |
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Description |
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10.1 |
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Modification Agreement dated September 30, 2010 by and between Iteris, Inc. and California Bank & Trust |
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.
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Dated: October 6, 2010 |
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ITERIS, INC., |
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a Delaware corporation |
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By: |
/S/ JAMES S. MIELE |
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James S. Miele |
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Chief Financial Officer |