Current Report Filing (8-k)
December 31 2015 - 4:07PM
Edgar (US Regulatory)
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):
December 29, 2015
Jamba,
Inc.
(Exact name of registrant as specified
in its charter)
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Delaware |
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001-32552 |
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20-2122262 |
(State or other jurisdiction
of incorporation) |
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(Commission
File No.) |
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(I.R.S. Employer
Identification No.) |
6475 Christie Avenue, Suite 150, Emeryville,
California 94608
(Address of principal executive offices)
Registrant's telephone number, including
area code:
(510) 596-0100
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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 December 29, 2015, Jamba, Inc. (the "Company")
entered into the Fifth Amendment and Limited Waiver (the "Amendment") to the Credit Agreement (the "Credit
Agreement"), dated as of February 14, 2012, by and among the Company, Jamba Juice Company, the Company's wholly-owned
subsidiary, as borrower, the Company's wholly-owned subsidiaries, Jamba Juice Advertising Fund Inc. and Talbott Teas Inc., as guarantors,
and Wells Fargo Bank, National Association (the "Lender"), as previously amended. Pursuant to the Amendment,
the parties agreed to decrease the amount available under the revolving line of credit to ten million dollars ($10,000,000), and
the Lender waived, as of September 30, 2015, the Company’s non-compliance with the financial covenants relating to minimum
consolidated tangible net worth and to the minimum fixed charge coverage ratio. In addition, the terms of the financial covenants
and certain other obligations under the Credit Agreement were modified to correspond with the Company’s business following
its recent refranchising activities.
The description of the Amendment is not complete and is qualified
in its entirety by the actual terms of the Amendment, a copy of which will be filed as an exhibit to the Company's Annual Report
on Form 10-K for the year ended December 29, 2015.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation
Under an Off-Balance Sheet Arrangement of a Registrant. |
The information provided in Item 1.01 of this Current Report
on Form 8-K is hereby incorporated into this Item 2.03 by reference.
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.
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JAMBA, INC. |
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Date: December 31, 2015 |
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By: |
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/s/ Karen
L. Luey |
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Karen L. Luey Chief Financial Officer, Chief Administrative Officer, Executive Vice President and Secretary |
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