PRO DEX INC — Capital/Financing Update 2017

Mar 15, 2017

8-K 1 pdex_8k.htm CURRENT REPORT html PUBLIC "-//IETF//DTD HTML//EN" Current Report

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 9, 2017

PRO-DEX, INC.

(Exact name of registrant as specified in charter)

Colorado	0-14942	84-1261240
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

2361 McGaw Avenue

Irvine, California 92614

(Address of principal executive offices, zip code)

(949) 769-3200

(Registrant’s telephone number including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12(b) 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 8.01

Other Events.

Termination of Revolving Loan Facility

On March 9, 2017, the Loan and Security Agreement (the “Loan Agreement”) between Pro-Dex, Inc. (the Company”) and Summit Financial Resources, L.P. (“Summit”), terminated in accordance with its terms.

In connection with the termination of the Loan Agreement, the Company is authorized to terminate all security interests filed in favor of Summit.

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.

Date: March 15, 2017
By:	/s/ Alisha K. Charlton
	Alisha K. Charlton
	Chief Financial Officer

EDGAR Validation Code: 8B31629E