SEC Filing Summary: Systemax Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by Systemax Inc. on February 2, 2001, covering an event that occurred on January 22, 2001. The registrant is incorporated in Delaware and maintains its principal executive offices in Port Washington, New York.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, or margin data. The primary financial disclosure relates to the company's debt facility:
- Credit Facility: A revolving credit agreement with Chase Manhattan Bank and The Bank of New York totaling $70,000,000.
- Liquidity Status: The company is actively discussing long-term financing options with lenders.
Material Changes
On January 22, 2001, Systemax Inc. entered into an amendment to its Revolving Credit Agreement originally dated November 30, 2000. The material change involves extending the term of the $70,000,000 facility through March 30, 2001.
Outlook, Risks, and Management Commentary
Management indicates that the company is continuing discussions with lenders to secure long-term financing, suggesting the current extension is a short-term measure. The filing does not explicitly list other risks or contingencies beyond the need for future financing.
Investor Verification Checklist
- Verify the status of long-term financing negotiations mentioned by management.
- Confirm the specific terms and covenants of the amended Revolving Credit Agreement (Exhibit 10.1).
- Monitor subsequent filings for updates on the March 30, 2001 maturity date of the current facility.