- Current report filing (8-K)
28 Maio 2009 - 5:09PM
Edgar (US Regulatory)
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): May 21, 2009
Move, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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000-26659
(Commission
File Number)
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95-4438337
(IRS Employer
Identification No.)
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30700 Russell Ranch Road
Westlake Village, California 91362
(Address of principal executive offices)
(Zip Code)
Registrants telephone number, including area code:
(805) 557-2300
(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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01
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Entry into a Material Definitive Agreement
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Effective May 21, 2009, Move, Inc. (the Company) amended its revolving line of credit facility
with Citigroup Global Markets Inc. (CGMI). That credit facility was established under a Loan
Agreement between the Company and CGMI dated May 8, 2008 (the Loan Agreement). The material terms
of the Loan Agreement were previously disclosed in Part II, Item 5 of the Companys Quarterly
Report on Form 10-Q for the quarter ended March 31, 2008. The May 21, 2009 amendment (the
Amendment No. 2) extended the date by which the Company is required to repay outstanding
principal advances to May 20, 2010 and revised the interest rate applicable to such advances. The
per annum interest rate was revised to a rate equal to the lesser of (a) the Open Federal Funds
Rate plus 3.8% or (b) CGMIs and its affiliates proprietary CGM Working Capital Rate. Both the
Open Federal Funds Rate and the CGM Working Capital Rate are subject to change from time to time.
As of the effective date of Amendment No. 2, the Open Federal Funds Rate plus 3.8%, and the CGM
Working Capital Rate, were identical. As of May 21, 2009, there was $64.7 million in outstanding
borrowings against this line of credit. Amendment No. 2 is set forth at Exhibit 99.1 of this Form
8-K.
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Item 2.03
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant
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Item 1.01 of this report is incorporated by reference to this Item 2.03.
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Item 9.01
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Financial Statements and Exhibits
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99.1
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Amendment No. 2 dated May 21, 2009 to the Loan Agreement between Move, Inc. and
Citigroup Global Markets Inc. dated May 8, 2008.
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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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MOVE, INC.
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Date: May 28, 2009
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By:
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/s/ James S. Caulfield
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James S. Caulfield
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Executive Vice President, General Counsel
and Secretary
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EXHIBIT INDEX
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Exhibit No.
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Description
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99.1
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Amendment No. 2 dated May 21, 2009 to the Loan
Agreement between Move, Inc. and Citigroup Global
Markets Inc. dated May 8, 2008.
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