WILHELMINA INTERNATIONAL, INC. (NASDAQ:WHLM) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On August 1, 2017, Wilhelmina International, Inc. (the “Company”) entered into an Eighth Amendment to Credit Agreement (the “Eighth Amendment”) with ZB, N.A. dba Amegy Bank. The Eighth Amendment waives an event of default caused by the Company’s failure to satisfy the fixed charge coverage ratio for the quarter ended June 30, 2017, and eliminates the requirement to test the Company’s fixed charge coverage ratio for the quarter ended September 30, 2017.
The foregoing description of the Eighth Amendment is qualified in its entirety by reference to the definitive agreement filed as an exhibit to this Current Report on Form 8-K and incorporated herein by this reference.
| Item 9.01 | Financial Statements and Exhibits |
(c)Exhibits.
| 10.1 | Eighth Amendment to Credit Agreement dated August 1, 2017, by and among Wilhelmina International, Inc., ZB, N.A. dba Amegy Bank and the guarantors signatory thereto. |
Wilhelmina International, Inc. ExhibitEX-10.1 2 exh_101.htm EXHIBIT 10.1 Exhibit 10.1 EIGHTH AMENDMENT TO CREDIT AGREEMENT AND WAIVER This EIGHTH AMENDMENT TO CREDIT AGREEMENT AND WAIVER (this “Amendment”) is made effective and executed as of August 1,…To view the full exhibit click here
About WILHELMINA INTERNATIONAL, INC. (NASDAQ:WHLM)
Wilhelmina International, Inc. is engaged in fashion model management. The Company provides fashion model and talent management services, specializing in the representation and management of models, entertainers, artists, athletes and other talent to various customers and clients, including retailers, designers, advertising agencies and catalog companies. The Company conducts its business through operating divisions and subsidiaries engaged in fashion model management and other complementary businesses. These business activities are focused on fashion model management, hair and make-up artist representation, celebrity management, licensing and branding associations (including contests, consumer products, events and television). It is focused on providing fashion modeling and talent product-endorsement services to clients, such as advertising agencies, branded consumer goods companies, fashion designers, magazines, retailers, department stores, product catalogs and Internet sites.
