-----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, ADPcgnshyZJqNIAEdfGoQ7FYH6FrU3gAafWmMJmCrhGDqTK09TKDeq9pfl1bSt78 89XFudQhLsphrCf547pyRQ== 0000840715-03-000010.txt : 20030516 0000840715-03-000010.hdr.sgml : 20030516 20030516165231 ACCESSION NUMBER: 0000840715-03-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030516 ITEM INFORMATION: Other events FILED AS OF DATE: 20030516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLEARONE COMMUNICATIONS INC CENTRAL INDEX KEY: 0000840715 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 870398877 STATE OF INCORPORATION: UT FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17219 FILM NUMBER: 03708980 BUSINESS ADDRESS: STREET 1: 1825 RESEARCH WAY CITY: SALT LAKE CITY STATE: UT ZIP: 84119 BUSINESS PHONE: 8019757200 MAIL ADDRESS: STREET 1: 1825 RESEARCH WAY CITY: SALT LAKE CITY STATE: UT ZIP: 84119 FORMER COMPANY: FORMER CONFORMED NAME: GENTNER COMMUNICATIONS CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GENTNER ELECTRONICS CORP DATE OF NAME CHANGE: 19910808 8-K 1 form8k_16may2003.txt 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): May 16, 2003 ClearOne Communications Inc. ---------------------------- (Exact Name of Registrant as Specified in its Charter) UTAH 0-17219 87-0398877 - ----------------------------- --------------- ---------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification Number) 1825 Research Way, Salt Lake City, Utah 84119 --------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (801) 975-7200 --------------- (Registrant's Telephone Number, Including Area Code) ---------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. On November 22, 2002, ClearOne and Bank One entered into a $10 million Line of Credit Agreement replacing a previous $5 million Line of Credit Agreement. Effective May 16, 2003, Bank One and ClearOne have agreed to freeze that Line of Credit and ClearOne has agreed to not draw upon the Line of Credit without the consent of Bank One. Bank One requested the modification because ClearOne has not provided the bank with financial reports for the quarter ended December 31, 2002, which is required under the terms of the Agreement. Both Bank One and ClearOne acknowledge that the Line of Credit has never been drawn upon and that there is no outstanding balance. ClearOne has no present intention of requesting a draw on the Line of Credit. 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. CLEARONE COMMUNICATIONS INC. (The Registrant) May 16, 2003 By: George Claffey ---------------------------------------- Its: Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----