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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/17/21 Electromed, Inc. 8-K:1,2,9 12/17/21 11:242K American Fin’l P… Inc/FA |
Document/Exhibit Description Pages Size 1: 8-K Form 8-K Dated December 17, 2021 HTML 38K 2: EX-10.2 Rider to Business Loan Agreement (Asset Based) HTML 24K With Choice Financial Group, Dated December 17, 2021. 7: R1 Cover HTML 48K 9: XML IDEA XML File -- Filing Summary XML 12K 6: XML XBRL Instance -- elmd211499_8k_htm XML 18K 8: EXCEL IDEA Workbook of Financial Reports XLSX 6K 4: EX-101.LAB XBRL Labels -- elmd-20211217_lab XML 98K 5: EX-101.PRE XBRL Presentations -- elmd-20211217_pre XML 65K 3: EX-101.SCH XBRL Schema -- elmd-20211217 XSD 12K 10: JSON XBRL Instance as JSON Data -- MetaLinks 25± 33K 11: ZIP XBRL Zipped Folder -- 0000897101-21-000999-xbrl Zip 17K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): i i December 17, 2021 /
(Exact Name of Registrant as Specified in Its Charter)
i i Minnesota / | i i 001-34839 / | i i 41-1732920 / |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (I.R.S. Employer Identification Number) |
(Address of Principal Executive Offices)(Zip Code)
(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:
Securities registered pursuant to Section 12(b) of the Act:
i Common Stock, $0.01 par value | i ELMD | i NYSE American LLC | ||
(Title of each class) | (Trading Symbol) | (Name of each exchange on which registered) |
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 i i ☐ /
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. ☐
C:
Item 1.01 | Entry into a Material Definitive Agreement. |
On December 17, 2021, Electromed, Inc. (the "Company") renewed its $2,500,000 revolving line of credit with Choice Financial Group pursuant to a supplemental rider to the existing Business Loan Agreement (Asset Based) dated December 18, 2019. The rider provides that the line of credit will be extended for an additional two years and is now scheduled to mature on December 18, 2023. Interest on borrowings on the line of credit, if any, will remain at prime rate less 1.00%, with no interest rate floor and payable monthly. The amount eligible for borrowing on the line of credit will remain limited to the lesser of $2,500,000 or 57.00% of eligible accounts receivable. Payment obligations under the line of credit remain secured by a security interest in substantially all the tangible and intangible assets of the Company.
The foregoing description of the line of credit, as renewed, is qualified by reference to the text of the loan agreement and rider, copies of which are attached to this Current Report on Form 8-K as Exhibits 10.1 and 10.2, respectively, and 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 set forth in response to Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 9.01 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
(d) Exhibits:
Exhibit Number | Description | Method of Filing | ||
10.1 | Business Loan Agreement (Asset Based) with Choice Financial Group, dated December 18, 2019. | Incorporated by Reference | ||
10.2 | Rider to Business Loan Agreement (Asset Based) with Choice Financial Group, dated December 17, 2021. | Filed Electronically | ||
104 | Cover Page Interactive Data File (embedded in the cover page and formatted in inline XBRL). | Furnished Electronically |
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.
ELECTROMED, INC. | |||
Date: December 17, 2021 | By: /s/ Michael J. MacCourt | ||
Name: | Michael J. MacCourt | ||
Title: | Chief Financial Officer |
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This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
12/18/23 | None on these Dates | |||
Filed on / For Period end: | 12/17/21 | |||
12/18/19 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 8/22/23 Electromed, Inc. 10-K 6/30/23 71:4.9M American Fin’l P… Inc/FA 8/23/22 Electromed, Inc. 10-K 6/30/22 71:5.7M American Fin’l P… Inc/FA 2/08/22 Electromed, Inc. 10-Q 12/31/21 45:3M American Fin’l P… Inc/FA |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/17/19 Electromed, Inc. 8-K:1,2,9 12/16/19 3:193K American Fin’l P… Inc/FA |