WSI Industries, Inc. (NASDAQ:WSCI) Files An 8-K Entry into a Material Definitive Agreement


WSI Industries, Inc. (NASDAQ:WSCI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

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

On February 15, 2018, WSI Industries, Inc. (the “Company”) extended the Maturity date with its Revolving Promissory Note and Loan Agreement with Tradition Capital Bank to February 15, 2019.

The summary of these Agreements does not purport to be complete and is subject to and qualified in its entirety by reference to such documents, which are included as Exhibit 10.1 of Item 9.01 to this Form 8-K and are incorporated by reference into these Items 1.01 and 2.03.

Item 9.01 Financial Statements And Exhibits.

EX-10.1 2 ex10-1.htm   FIRST AMENDMENT TO CERTAIN LOAN DOCUMENTS   THIS FIRST AMENDMENT TO CERTAIN LOAN DOCUMENTS (the “Amendment”) is made effective as of this 15th day of February,…
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About WSI Industries, Inc. (NASDAQ:WSCI)

WSI Industries, Inc. is involved in the precision machining and assembly of complex parts and components business. The Company primarily serves a range of markets, including aerospace, avionics, defense, energy and power sports. It offers a range of engineering, design, machining, sourcing, assembly, shipping and project management solutions. The Company caters its services to a range of industries, such as engine components, energy, aerospace, defense, semiconductor, medical and others. It offers precision machining and complex assembly for power sports and other engine and powertrain components, including all-terrain vehicle (ATV), automotive, marine engines, motorcycle, personal watercraft, flight controls, passive defense, commercial off the shelf (COTS), projectiles, special forces devices, deoxyribonucleic acid (DNA) sequencers, imaging and forensics technologies. It is engaged in small engine development, radar/microwave tracking and general aviation, among others.