Business Context and Reporting Period
Company: Broadwind Energy, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 9, 2009
Event: Entry into a Material Definitive Agreement (Waiver of Registration Rights).
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document solely addresses a contractual amendment regarding share registration rights.
Material Changes
The Company entered into a Waiver with Tontine Capital Partners, L.P. and related entities (collectively "Tontine") regarding the Registration Rights Agreement dated March 1, 2007 (as amended). The material change is an extension of the deadline for the Company to file a registration statement for Tontine's shares:
- Original Deadline: December 31, 2008
- New Deadline: March 31, 2009
Guidance, Outlook, and Risks
Management Commentary: The filing states that the summary is qualified in its entirety by reference to the attached Waiver (Exhibit 10.1).
Risks and Contingencies: No specific risks, outlook, or unusual items are disclosed in this text other than the contractual obligation to register shares for resale by the new deadline.
Investor Verification Checklist
- Verify the terms of the Waiver attached as Exhibit 10.1.
- Confirm the Company's ability to meet the new registration deadline of March 31, 2009.
- Review the original Registration Rights Agreement to understand the full scope of Tontine's rights.