LGL GROUP INC — Capital/Financing Update 2005

Jul 6, 2005

8-K 1 form8k03725_06292005.htm sec document 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): June 29, 2005 ------------- LYNCH CORPORATION -------------------------------------------------------------------------------- (Exact Name of Registrant as specified in Charter) INDIANA 1-106 38-1799862 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 140 GREENWICH AVENUE, 4TH FLOOR, GREENWICH, CT 06830 -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (203) 622-1150 -------------- -------------------------------------------------------------------------------- (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 1.01 Entry into a Material Definitive Agreement. ------------------------------------------- On June 29, 2005, the Registrant's subsidiary, Lynch Systems, Inc. ("Lynch Systems") entered into an Extension Agreement by and among Lynch Systems, the Registrant and SunTrust Bank ("SunTrust"), dated June 24, 2005 to extend until August 31, 2005 the due date of indebtedness of Lynch Systems to SunTrust. On June 30, 2005, the Registrant's subsidiary, M-tron Industries, Inc. entered into a First Amendment to Loan Agreement by and among M-tron Industries, Inc., Piezo Technology, Inc. and First National Bank of Omaha, dated May 31, 2005 to extend to May 31, 2006 the term of the revolving credit facility created under that certain Loan Agreement dated October 14, 2004 among such parties. Item 9.01 Financial Statements and Exhibits. --------------------------------- (c) Exhibits 10.1 Extension Agreement by and among Lynch Systems, Lynch Corporation and SunTrust Bank, dated June 24, 2005. 10.2 First Amendment to Loan Agreement by and among M-Tron Industries, Inc., Piezo Technology, Inc. and First National Bank of Omaha, dated May 31, 2005. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. LYNCH CORPORATION By: /s/ Eugene Hynes -------------------------------------- Eugene Hynes Vice President July 6, 2005