PERCEPTRON, INC. (NASDAQ:PRCP) Files An 8-K Entry into a Material Definitive Agreement

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PERCEPTRON, INC. (NASDAQ:PRCP) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

Item 1.02. Termination of a Material Definitive Agreement.

On December 4, 2017, in connection with entering into the Loan Agreement with Chemical Bank, the Company repaid in full and terminated its Amended and Restated Credit Agreement, as amended, with Comerica Bank and related documents. There were no prepayment fees payable in connection with the repayment of the loan. For more information about the terminated Comerica Bank Amended and Restated Credit Agreement and related documents, see “Liquidity and Capital Resources – Credit Facilities” under “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, which information is incorporated by reference herein.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information related to the Loan Agreement set forth in Item 1.01 above is incorporated herein by reference.

Item 8.01. Other Events.

Attached hereto and incorporated by reference as Exhibit 99.1 is the press release dated December 6, 2017 announcing the new Loan Agreement.

Item 9.01. Financial Statements and Exhibits.

D. Exhibits.

ExhibitNo. Description
10.1 Loan Agreement, dated December 4, 2017, between the Company and Chemical Bank.
10.2 Promissory Note, dated December 4, 2017, between the Company and Chemical Bank.
99.1 Press Release dated December 6, 2017 announcing the Company’s new Loan Agreement.


PERCEPTRON INC/MI Exhibit
EX-10.1 2 exh_101.htm EXHIBIT 10.1 EdgarFiling Exhibit 10.1                               LOAN AGREEMENT   DATED AS OF DECEMBER 4,…
To view the full exhibit click here

About PERCEPTRON, INC. (NASDAQ:PRCP)

Perceptron, Inc. develops, produces and sells a range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and three-dimensional (3D) scanning. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines (CMMs), laser scanning and advanced analysis software. The Company’s products are categorized as In-Line, Near-Line and Off-Line Measurement Solutions (Measurement Solutions); 3D Scanning Solutions, and Value Added Services. Its In-Line and Near-Line measurement solutions include AutoGauge, AutoFit, AutoScan, AutoGuide and Helix. Its Off-Line measurement solutions include Coord3 and TouchDMIS. Its 3D Scanning Solutions include ScanWorks, ScanR and WheelWorks. Its Value Added Services include training, field service, calibration, launch support services, maintenance agreements and repairs. The Company operates in the Americas, Europe and Asia.

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