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Pineapple Energy Inc. – ‘8-K’ for 2/15/22

On:  Wednesday, 2/16/22, at 10:57am ET   ·   For:  2/15/22   ·   Accession #:  897101-22-129   ·   File #:  1-31588

Previous ‘8-K’:  ‘8-K’ on / for 2/15/22   ·   Next:  ‘8-K’ on / for 2/28/22   ·   Latest:  ‘8-K’ on / for 5/9/24   ·   13 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/16/22  Communications Systems Inc.       8-K:8,9     2/15/22   11:199K                                   American Fin’l P… Inc/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         8-K Dated February 15, 2022                         HTML     29K 
 2: EX-10.1     First Amendment to Purchase Amendment Dated         HTML     13K 
                February 15, 2022, to Purchase Agreement Dated                   
                November 18, 2021, Between Communications Systems,               
                Inc. and Buhl Investors LLC                                      
 6: R1          Cover                                               HTML     46K 
 9: XML         IDEA XML File -- Filing Summary                      XML     12K 
 7: XML         XBRL Instance -- csi220199_8k_htm                    XML     15K 
 8: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 4: EX-101.LAB  XBRL Labels -- jcs-20220209_lab                      XML     97K 
 5: EX-101.PRE  XBRL Presentations -- jcs-20220209_pre               XML     64K 
 3: EX-101.SCH  XBRL Schema -- jcs-20220209                          XSD     13K 
10: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    33K 
11: ZIP         XBRL Zipped Folder -- 0000897101-22-000129-xbrl      Zip     14K 


‘8-K’   —   8-K Dated February 15, 2022


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX:   C:   C:   C:   C:   C:   C:   C:   C: 
 i 0000022701  i false 0000022701 2022-02-15 2022-02-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM  i 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):  i February 15, 2022

 i Communications Systems, Inc.

(Exact name of Registrant as Specified in its Charter)

 

 i Minnesota

  (State Or Other Jurisdiction Of Incorporation)  

 

 i 001-31588    i 41-0957999
(Commission File Number)   (I.R.S. Employer Identification No.)
     

 i 10900 Red Circle Drive

 i Minnetonka,  i MN

   i 55343
(Address Of Principal Executive Offices)   (Zip Code)

 

 i (952)  i 996-1674

  Registrant’s Telephone Number, Including Area Code  

 

 

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

 

Title of Each Class Trading Symbol Name of each exchange on which registered
 i Common Stock, par value, $.05 per share  i JCS  i Nasdaq

 

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):

 

 i         Written communications pursuant to Rule 425 under the Securities Act

 

 i         Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

 i         Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

 i         Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company  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 8.01  Other Events

On February 15, 2022, Communications Systems, Inc. ("CSI" or the "Company") entered into a First Amendment to Purchase Agreement ("Amendment") to the Purchase Agreement dated November 14, 2022 ("Purchase Agreement") with Buhl Investors LLC, a Minnesota limited liability company, or its affiliated assignee ("Buyer") for the sale of the Company's headquarters building ("the Building") located at 10900 Red Circle Drive, Minnetonka, Minnesota, for $6.8 million.

Among other things, the Amendment extends the Contingency Termination Date, as defined in the Purchase Agreement, from Februay16, 2022 to April 11, 2022, and the Closing Date, as defined in the Purchase Agreement, to on or before April 26, 2022.

The closing of the transaction is subject to a number of closing conditions, including Buyer's ability to complete due diligence by the Contingency Termination Date, Buyer's ability to obtain regulatory approval for its intended use of the property as a multi-tenant office building, as well as CSI and Buyer negotiating and entering a lease agreement under which CSI or an affiliated company would lease a portion of the space within the Building.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01.  Financial Statements and Exhibits.
    
           (d)  Exhibits.
    
   The following exhibits are filed with this Form 8-K.
Exhibit Number Exhibit
10.1 First Amendment to Purchase Amendment dated February 15, 2022, to Purchase Agreement dated November 18, 2021, between Communications Systems, Inc. and Buhl Investors LLC, a Minnesota limited liability company, or its affiliated assignee with respect to property at 10900 Red Circle Drive, Minnetonka, Minnesota.

 

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, thereunto duly authorized.

 

      COMMUNICATIONS SYSTEMS, INC.  
           
      By:  /s/ Mark D. Fandrich  
        Mark D. Fandrich, Chief Financial Officer

 

 

Date: February 16, 2022

 C: 

 C: 2

 C: 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
11/14/22
4/26/22
4/11/228-K
Filed on:2/16/22
For Period end:2/15/22425,  8-K,  DEFA14A
 List all Filings 


13 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/29/24  Pineapple Energy Inc.             10-K/A     12/31/23   12:665K                                   American Fin’l P… Inc/FA
 4/01/24  Pineapple Energy Inc.             10-K       12/31/23   99:18M
 2/07/24  Pineapple Energy Inc.             424B5                  1:647K                                   American Fin’l P… Inc/FA
 5/01/23  Pineapple Energy Inc.             10-K/A     12/31/22   12:728K                                   American Fin’l P… Inc/FA
 4/14/23  Pineapple Energy Inc.             10-K       12/31/22   94:15M
12/13/22  Pineapple Energy Inc.             S-8        12/13/22    6:91K                                    American Fin’l P… Inc/FA
12/13/22  Pineapple Energy Inc.             S-8        12/13/22    6:86K                                    American Fin’l P… Inc/FA
11/15/22  Pineapple Energy Inc.             S-8        11/15/22    8:197K                                   American Fin’l P… Inc/FA
10/11/22  Pineapple Energy Inc.             S-8        10/11/22    7:116K                                   American Fin’l P… Inc/FA
 8/25/22  Pineapple Energy Inc.             S-3                    8:2.1M                                   American Fin’l P… Inc/FA
 6/15/22  Pineapple Energy Inc.             8-K:2,5,7,9 6/10/22   13:271K                                   American Fin’l P… Inc/FA
 5/23/22  Pineapple Energy Inc.             10-Q        3/31/22   66:9.6M
 4/28/22  Pineapple Energy Inc.             S-8         4/28/22    4:105K                                   American Fin’l P… Inc/FA
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