- Current report filing (8-K)
12 Agosto 2010 - 5:49PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, DC 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):
August 10, 2010
Hardinge
Inc.
(Exact name of Registrant as specified in
its charter)
New York
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000-15760
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16-0470200
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(State or other jurisdiction of
incorporation or organization)
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Commission file number
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(I.R.S. Employer
Identification No.)
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One Hardinge Drive, Elmira, NY 14902
(Address of principal executive
offices) (Zip Code)
(607) 734-2281
(Registrants telephone number including
area code)
N/A
(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 communication
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material 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))
Item 2.03
Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement of a Registrant.
As
previously reported in a Current Report on Form 8-K filed by Hardinge Inc.
on November 4, 2009, Kellenberger & Co. AG (Kellenberger), an
indirect wholly-owned subsidiary of Hardinge Inc. incorporated under the laws
of Switzerland, entered into a credit agreement with UBS AG dated
October 30, 2009 (the Master Credit Agreement). On August 10, 2010, Kellenberger and UBS
AG entered into an amendment of the Master Credit Agreement (the Amendment).
The
Amendment increases the total facility from CHF 7.0 million to CHF
9.0 million, the entire amount of which is available for guarantees,
documentary credit, and margin cover for foreign exchange trades. The Amendment also increases the portion of
the facility that can be used for working capital from CHF 3.0 million to
CHF 5.0 million. The Amendment increases UBS AGs security in
Kellenbergers real estate in Biel Switzerland from CHF 3.0 million to CHF
5.0 million.
Pursuant
to the Amendment, indebtedness outstanding under the credit facility must be
reduced to a maximum amount of CHF 7.0 million at August 31, 2013.
Except as modified by the Amendment, the terms of the
Master Credit Agreement remain in full force and effect. The Amendment provides that on September 1,
2013, the Amendment terminates and the Master Credit Agreement will revert to
its original terms.
The
forgoing description of terms of the Amendment is qualified in its entirety by
reference to the Supplement which is included as an Exhibit to this Form 8-K.
Item 9.01
Financial Statements and Exhibits
10.1
Supplement 1 dated
August 10, 2010 to the Master Credit Agreement dated October 30, 2009
between Kellenberger & Co. AG and UBS AG.
2
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 thereunto
duly authorized.
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HARDINGE INC.
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Registrant
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Date:
August 12, 2010
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By:
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/S/
EDWARD J. GAIO
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Edward J. Gaio
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Vice President and Chief Financial Officer
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(Principal Financial Officer)
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Date:
August 12, 2010
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By:
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/S/
DOUGLAS J. MALONE
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Douglas J. Malone
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Corporate Controller and Chief Accounting Officer
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(Principal Accounting Officer)
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3
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