PLANTRONICS, INC. (NYSE:PLT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
a Second Amendment to Amended and Restated Credit Agreement
(“Second Amendment”) between the Company and Wells Fargo Bank,
National Association (“Wells Fargo”). The Second Amendment
modifies the Amended and Restated Credit Agreement between the
Company and Wells Fargo dated May 15, 2015, as amended (“Credit
Agreement”), to extend the term of the Credit Agreement to May 9,
2020, an extension of one year. The Second Amendment also revises
prior changes to the defined term “EBITDA” and changes the Funded
Debt to EBITDA (as those terms are defined in the Credit Agreement)
ratio authorized under the Credit Agreement.
of Credit Note (“Note”) between the Company and Wells Fargo. The
Note replaces the Revolving Line of Credit Note entered into in
connection with the First Amendment to Amended and Restated Credit
Agreement and Limited Waiver in 2016, conforming the maturity date
of the Note to that of the Second Amendment.
Exhibits 10.1 and 10.2, and the above summary is qualified in its
entirety by reference to the Second Amendment and Note.
corporation, issued a press release reporting its results of
operations and financial condition for the fourth>quarter and
full Fiscal Year 2017, which ended on April 1,>2017, a copy of
which is furnished as Exhibit 99.1 to this Current Report on Form
8-K.
99.1, attached hereto, is intended to be furnished and shall not be
deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to
the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of
1933 or the Exchange Act, except as expressly set forth by specific
reference in such filing.
“Plantronics Announces Fourth>Quarter Fiscal Year
2017>Financial Results” that its Board of Directors had
declared a cash dividend of $0.15 per share of the Company’s
common stock, payable on June 9, 2017>to stockholders of record
at the close of business on May 19, 2017.
Form 8-K:
|
Exhibit Number
|
Description
|
|
10.1
|
Second Amendment to Amended and Restated Credit
Agreement between Plantronics, Inc. and Wells Fargo Bank, National Association dated April 28, 2017 |
|
10.2
|
Revolving Line of Credit Note between Plantronics, Inc.
and Wells Fargo Bank, National Association dated April 28, 2017 |
|
99.1
|
Press release issued by Plantronics, Inc. on May 1,
2017, entitled “Plantronics Announces Fourth Quarter Fiscal Year 2017 Financial Results” |
About PLANTRONICS, INC. (NYSE:PLT)
Plantronics, Inc. (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets. The Company develops communication products for offices and contact centers, mobile devices, cordless phones, and computers and gaming consoles. Its product categories include Enterprise, which includes corded and cordless communication headsets, audio processors, and telephone systems, and Consumer, which includes Bluetooth and corded products for mobile device applications, personal computer (PC) and gaming headsets, and specialty products marketed for hearing impaired individuals. It offers its products under two brands: Plantronics and Clarity. PLANTRONICS, INC. (NYSE:PLT) Recent Trading Information
PLANTRONICS, INC. (NYSE:PLT) closed its last trading session up +0.20 at 54.60 with 200,572 shares trading hands.