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): December 16, 2005
Versar Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction)
1-9309
(Commission File Number)
54-0852979
(IRS Employer Identification No.)
6850 Versar Center, Springfield, Virginia 22151
(Address of Principal Executive Offices)
(703) 750-3000
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 1.01. Entry into a Material Definitive Agreement
On Tuesday, December 13, 2005, Versar, Inc. and United Bank entered
into an agreement extending Versar's existing credit facility for
two (2) years at a reduced interest rate.
Item 9.01. Financial Statements and Exhibits
The following exhibits are filed with this Report:
Exhibit No. Description
99.1 Copy of press release issued by Versar on December 16, 2005
99.2 Modification Agreement of the Revolving Commercial Note dated as of
November 30, 2005 by received as fully executed on December 13, 2005
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.
VERSAR, INC.
Date:
December 16, 2005
By /S/
____________________________________
James C. Dobbs
Senior Vice President & General Counsel