sec document
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): October 3, 2006
---------------
THE LGL GROUP, INC.
--------------------------------------------------------------------------------
(Exact Name of Registrant as specified in Charter)
Indiana 1-106 38-1799862
--------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
140 Greenwich Avenue, 4th Floor, Greenwich, CT 06830
--------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (203) 622-1150
--------------
--------------------------------------------------------------------------------
(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):
|_| 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))
Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On October 3, 2006, M-tron Industries, Inc. ("M-tron") and Piezo
Technology, Inc. ("PTI"), wholly-owned subsidiaries of The LGL Group, Inc. (the
"Company"), entered into a Third Amendment to Loan Agreement, by and among
M-tron, PTI and First National Bank of Omaha ("FNBO"), and acknowledged and
guaranteed by the Company, to amend that certain Loan Agreement, dated October
14, 2004, by and among such parties (the "Loan Agreement") to allow the Company
to loan M-tron up to $3 million. In addition to the revolving credit facility
under the Loan Agreement, M-tron and PTI have an outstanding term loan with FNBO
for $2 million.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
10.1 Third Amendment to Loan Agreement, dated October 3, 2006, by
and among M-tron Industries, Inc., Piezo Technology, Inc. and
First National Bank of Omaha, and acknowledged and guaranteed
by LGL Group, Inc.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Current Report on Form 8-K to be signed on
its behalf by the undersigned hereunto duly authorized.
THE LGL GROUP, INC.
By: /s/ Jeremiah M. Healy
-------------------------------
Jeremiah M. Healy
Chief Financial Officer
October 3, 2006