8-K 1 naii20190730_8k.htm FORM 8-K naii20190730_8k.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 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):  07/26/2019

  

NATURAL ALTERNATIVES INTERNATIONAL, INC. 

(Exact name of registrant as specified in its charter) 

  

Commission File Number:  000-15701

  

Delaware 

84-1007839 

(State or other jurisdiction of 

(IRS Employer 

incorporation) 

Identification No.) 

 

  

1535 Faraday Avenue, Carlsbad, CA 92008

(Address of principal executive offices, including zip code) 

  

760-736-7700

(Registrant’s telephone number, including area code)

  

(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:

 

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

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

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

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

  

Securities registered pursuant to Section 12(b) of the Exchange Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common

NAII

NASDAQ

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 1.01

Entry into a Material Definitive Agreement.

 

On July 26, 2019, Natural Alternatives International, Inc., a Delaware corporation, ("NAI") entered into an amendment and restatement of its credit facility with Wells Fargo Bank, National Association ("Wells Fargo"). The amendment and restatement effectively extends the maturity date for NAI's working capital line of credit from February 1, 2020 to November 1, 2022. The amended and restated Credit Agreement, Revolving Note and Security Agreement replace the previous version of each similar document between NAI and Wells Fargo. The amended and restated agreements are on substantially the same terms and conditions as the previous similar agreements.

 

As of the date of this report, the working capital line of credit balance was zero.

 

The foregoing description does not purport to be complete and is qualified in its entirety by the agreements attached hereto as Exhibits 10.1, 10.2 and 10.3, each of which is incorporated herein by reference.

 

 

Item 2.03.

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

 

The information provided in Item 1.01 above is hereby incorporated by reference into this Item 2.03.

 

 

 

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) Exhibits.

 

 

10.1

Credit Agreement by and between NAI and the Wells Fargo effective as of July 1, 2019.

 

 

10.2

Revolving Line of Credit Note made by NAI for the benefit of Wells Fargo dated July 1, 2019 in the amount of $10,000,000.

 

 

10.3

Security Agreement by and between NAI and Wells Fargo effective as of July 1, 2019

 

SIGNATURES 

 

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.

 

 

  Natural Alternatives International, Inc.  
  a Delaware corporation  
       
       
       
July 30, 2019 By: /s/ Michael E. Fortin  
    Michael E. Fortin, Chief Financial Officer  

 

 

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