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TSS, 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

July 3, 2014

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



On July 2, 2014, TSS, Inc. (the "Company") and its subsidiaries Innovative Power Systems, Inc. and VTC, L.L.C. (together with the Company, collectively, the "Borrowers") entered into an agreement (the "2014 Modification) to modify their revolving credit facility (the "Credit Facility") with Bridge Bank, National Association (the "Lender"). The Borrowers had originally obtained the Credit Facility from the Lender pursuant to a Business Financing Agreement by and among the Borrowers and the Lender on May 21, 2013 (the "Financing Agreement"), which was amended by a Business Modification Agreement dated April 8, 2014, by and among the Borrowers and the Lender. The 2014 Modification, among other things, extended the maturity date of the Credit Facility to May 21, 2016.

A copy of the 2014 Modification is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the attached 2014 Modification.

Item 9.01. Financial Statements and Exhibits.

99.1 Business Financing Modification Agreement, dated July 2, 2014, by and among the TSS, Inc., Innovative Power Systems, Inc., VTC, L.L.C. and Bridge Bank, National Association

S I G N A T U R E S



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.

TSS, INC. By: /s/ Anthony AngeliniAnthony Angelini President and Chief Executive Officer



Date: July 3, 2014


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Source: Edgar Glimpses


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