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AMERICAN VANGUARD CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Results of Operations and Financial Condition, Financial Statements and Exhibits

July 21, 2014



Item 1.01. Entry into a Material Definitive Agreement

As of July 18, 2014, AMVAC Chemical Corporation ("AMVAC"), our principal operating subsidiary, as borrower, and affiliates (including registrant), as guarantors and/or borrowers, entered into a First Amendment to Second Amended and Restated Credit Agreement (the "First Amendment") with a group of commercial lenders led by Bank of the West (AMVAC's primary bank) as agent, swing line lender and L/C issuer. Under the First Amendment, the Consolidated Funded Debt Ratio has been increased for the third and fourth quarters of 2014 and the first quarter of 2015, and, further, borrowers are permitted to pay cash dividends to shareholders during the first and second quarters of 2015 notwithstanding prior net income levels. The First Amendment is attached hereto as Exhibit 10.1 and is incorporated by reference herein. In addition, the First Amendment is reported in the press release attached hereto as Exhibit 99.1.

The information contained in this Current Report on Form 8-K, including the Exhibits attached hereto, is being furnished under Items 1.01, 2.02, and 9.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 2.02. Results of Operations and Financial Condition

On July 18, 2014American Vanguard Corporation issued a press release clarifying business conditions and their likely effect upon financial performance for the three month period ended June 30, 2014. The full text of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits Exhibit 10.1 First Amendment to Second Amended and Restated Credit Agreement dated as of July 18, 2014. Exhibit 99.1 Press release dated July 18, 2014 of American Vanguard Corporation announcing business conditions and their likely effect upon financial performance for the three month period ended June 30, 2014 and its entry into the First Amendment.



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Source: Edgar Glimpses


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