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 4, 2019

 

Information Services Group, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-33287   20-5261587
(State or other jurisdiction of   (Commission File Number)   (I.R.S. Employer
incorporation)       Identification No.)

 

2187 Atlantic Street

Stamford, CT 06902

(Address of principal executive offices)

 

(203) 517-3100

(Registrant’s telephone number, including area code)

 

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 ( see General Instruction A.2 below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Shares of Common Stock, $0.001 par value   III   The Nasdaq Stock Market LLC

  

 

 

 

 

ITEM 1.01 Entry into a Material Definitive Agreement.

 

On December 4, 2019, Information Services Group, Inc. (“ISG” or the “Company) amended its senior secured credit facility (such credit facility, as amended, the “2016 Credit Agreement” and such amendment, the “Amendment”) to allow for an increase in the amount of permitted repurchases of equity interests by the Company to $8,000,000 per year; provided the Company is in compliance with certain financial covenants on a pro forma basis after giving effect to such repurchases. The above description of the Amendment does not purport to be a complete statement of the provisions thereof. Such description is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

 

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 incorporated herein by reference into this Section 2.03.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

 

(d)       Exhibits.

 

Exhibit Number   Description
10.1   Amendment to the 2016 Credit Agreement

 

2

 

 

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.

 

Dated: December 6, 2019 INFORMATION SERVICES GROUP, INC.
     
By: /s/ Michael P. Connors
    Michael P. Connors
    Chairman and Chief Executive Officer

 

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