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): May 17, 2006
NACCO INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
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| 1-9172
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34-1505819 |
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| (Commission File Number)
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(IRS Employer Identification Number) |
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| 5875 Landerbrook Drive, Cleveland, OH
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44124-4017 |
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| (Address of Principal Executive Offices)
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(Zip Code) |
(440) 449-9600
(Registrant’s telephone number, including area code)
N/A
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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 May 17, 2006, NACCO Industries, Inc.’s (“NACCO”) wholly owned subsidiary,
Hamilton Beach/Proctor-Silex, Inc. (“HB/PS”), entered into a Third Amendment to Credit
Agreement (the “Amendment”), amending the Credit Agreement dated as of December 17,
2002, as amended, with the Lenders, as defined in the Credit Agreement, and Wachovia
Bank, as agent for the Lenders. The Amendment extends the term of HB/PS’ senior secured
$115.0 million revolving credit facility to July 31, 2011. The Amendment also allows
for the disposition of HB/PS’ property located in Saltillo, Mexico, allows HB/PS to
distribute the cash proceeds on the sale of its property in Saltillo, Mexico to NACCO
and increased the limit on distributions to NACCO for operating and overhead expenses
from $2.0 million to $2.5 million.
A copy of the amendment is being 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.
As described in Item 1.01 of this Current Report on Form 8-K, the following Exhibit
is filed as part of this Current Report on Form 8-K.
(d) Exhibits
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10.1 |
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Third Amendment to Credit Agreement, dated as of May 17,
2006, among Hamilton Beach/Proctor-Silex, Inc., the Lenders named
therein and Wachovia Bank, as Agent. |