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HICKOK INC FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

June 23, 2014



Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On June 20, 2014, Hickok Incorporated (the "Company") entered into an unsecured Credit Promissory Note (the "Note") with Robert L. Bauman (the "Lender") in the aggregate principal amount of $200,000. The Note shall become due and payable in full at the discretion of Lender. The interest rate applicable to the principal amount of the Note is 4% per annum, computed on a monthly basis, until such principal amount is paid in full. Lender is a director of the Company, as well as its President and Chief Executive Officer.

A copy of the Note is included as Exhibit 10.7 to this Current Report on Form 8-K, and the above summary is qualified in its entirety by reference to such Exhibit.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 10.7 Credit Promissory Note between the Company and Robert L. Bauman, dated June 20, 2014.



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Source: Edgar Glimpses


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