-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QPevVq/O4sIiyiDNO3HKwaW53uNPb49ckEjLkvzzYHIijvGH0eNzArazXM3O0fCP HXj3Tc8lCGghOzoFj1rNew== 0000950134-04-012978.txt : 20040830 0000950134-04-012978.hdr.sgml : 20040830 20040830161652 ACCESSION NUMBER: 0000950134-04-012978 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040830 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20040830 DATE AS OF CHANGE: 20040830 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PFSWEB INC CENTRAL INDEX KEY: 0001095315 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 752837058 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28275 FILM NUMBER: 041005620 BUSINESS ADDRESS: STREET 1: 500 NORTH CENTRAL EXPRESSWAY CITY: PLANO STATE: TX ZIP: 75074 BUSINESS PHONE: 9728812900 MAIL ADDRESS: STREET 1: 500 NORTH CENTRAL EXPRESSWAY CITY: PLANO STATE: TX ZIP: 75074 8-K 1 d18059e8vk.htm FORM 8-K e8vk
Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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)     AUGUST 30, 2004

PFSWEB, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)
     
000-28275   75-2837058
(Commission File Number)   (IRS Employer Identification No.)

500 North Central Expressway
Plano, TX 75074

(Address of Principal Executive Offices) (Zip Code)
     
(972) 881-2900
(Registrant’s Telephone Number, Including Area Code)
     
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)

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 Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

   

 

TABLE OF CONTENTS

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
SIGNATURE

Table of Contents

Item 1.01 Entry into a Material Definitive Agreement

     On August 25, 2004, Priority Fulfillment Services, Inc. (“PFS”), a wholly-owned subsidiary of PFSweb, Inc. (“the Company”) entered into a Lease with Fleet National Bank (“Fleet”) pursuant to which PFS will lease certain equipment for an initial term of eight years, with options to renew, terminate prior to the end of the stated term and/or purchase the equipment. The monthly rent under the lease is $29,847, subject to a rental adjustment based on interest rates. Under the lease, PFS has indemnified the lessor in respect of various costs, liabilities and obligations. Upon any default by PFS under the lease, the lessor has all rights and remedies available at law or in equity, including the right to accelerate the remaining balance of rent payments and/or terminate the lease. The Company has guaranteed all obligations of PFS under the lease. The Company and Fleet are also parties to other equipment leases pursuant to which the PFS leases other equipment from Fleet.

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

     See Item 1.01 described above and incorporated herein.

 

Table of Contents

SIGNATURE

     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.
         
  PFSweb, Inc.
 		  
Dated: August 30, 2004  By:   /s/ THOMAS J. MADDEN    
    Thomas J. Madden   
    Executive Vice President, Chief Financial and Accounting Officer   
 

 

-----END PRIVACY-ENHANCED MESSAGE-----