BK Technologies Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

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Date of Report (Date of earliest event reported): October 30, 2025

 

 

 

 

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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:

 

 

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

 

 

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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. ☐

 

 

 

On October 30, 2025, BK Technologies, Inc. (the “Borrower”), a wholly owned subsidiary of BK Technologies Corporation (the “Company”), entered into a First Amendment Agreement (the “Amendment”) with Fifth Third Bank, National Association (the “Lender”), amending the Credit Agreement by and between the Borrower and Lender (as amended, the “Credit Agreement”). Among other things, the Amendment revises the availability under the $6.0 million revolving credit facility to remove the borrowing base requirement, and to increase the accordion feature, if certain conditions are met, for up to an additional $8.0 million of borrowing capacity, totaling a maximum commitment of $14.0 million; extends the maturity date to October 30, 2028; adds a new financial covenant providing that the Borrower will cause the outstanding principal balance under the Credit Agreement to be $0 for at least 30 consecutive days during each annual period ending on October 30; and amends the applicable interest rate margin, such that each advance under the Credit Agreement shall accrue interest on the outstanding principal amount thereof at a rate of the Secured Overnight Financing Rate (SOFR), plus a range of 1.75% to 2.25% per annum, based on certain total debt coverage ratios. In connection with the Amendment, RELM Communications, Inc. was released from its obligations as a guarantor under the Credit Agreement.

 

The foregoing summary of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K (this “Current Report”) and is incorporated herein by reference.

 

 

The disclosure set forth under Item 1.01 of this Current Report is incorporated by reference into this Item 2.03.

 

 

 

 

* Certain exhibits and schedules to this exhibit have been omitted pursuant to Regulation S-K Item 601(a)(5). The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the Securities and Exchange Commission upon request

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.