Remote Dynamics Inc - Current report filing (8-K)
19 Setembro 2008 - 7:01AM
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): September 18, 2008 (September 12,
2008)
(Exact
name of registrant as specified in its charter)
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Delaware
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0-26140
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51-0352879
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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200
Chisholm Place, Suite 120, Plano, Texas 75075
(Address
of principal executive offices)
(Registrant's
telephone number)
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 Instructions 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))
This
Current Report on Form 8-K and other reports filed by the Registrant from time
to time with the Securities and Exchange Commission (collectively the “Filings”)
contain forward looking statements and information that are based upon beliefs
of, and information currently available to, the Registrant’s management, as well
as estimates and assumptions made by the Registrant’s management. When used in
the Filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”,
“intend”, “plan” or the negative of these terms and similar expressions as they
relate to the Registrant or the Registrant’s management identify forward looking
statements. Such statements reflect the current view of the Registrant with
respect to future events and are subject to risks, uncertainties, assumptions
and other factors relating to the Registrant’s industry, operations and results
of operations and any businesses that may be acquired by the Registrant. Should
one or more of these risks or uncertainties materialize, or should the
underlying assumptions prove incorrect, actual results may differ significantly
from those anticipated, believed, estimated, expected, intended or
planned.
Item
1.01. Entry into a Material Definitive Agreement
On
September 12, 2008 and September 16, 2008, we entered into working capital
line
of credit promissory notes with Gary Hallgren, our Chief Executive Officer,
and
Strands Management Company, LLC, an entity owned by our directors David Walters
and Keith Moore. Our Board of Directors has authorized borrowings of up to
$100,000 under the terms of the promissory notes to meet our working capital
funding needs.
The
promissory notes are unsecured, bear interest at an annual rate of 10% and
are
due and payable on demand by the lender.
Item
9.01. Financial Statements and Exhibits
Exhibit
No.
Description
10.1
Form
of Working
Capital Line of Credit Promissory Note
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.
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Date:
September 18, 2008
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REMOTE
DYNAMICS, INC.
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By:
/s/ Gary Hallgren
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Name:
Gary Hallgren
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Title:
Chief Executive Officer
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Remote Dynamics (CE) (USOTC:RMTD)
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