<SEC-DOCUMENT>0001161697-17-000359.txt : 20170807
<SEC-HEADER>0001161697-17-000359.hdr.sgml : 20170807
<ACCEPTANCE-DATETIME>20170807161511
ACCESSION NUMBER:		0001161697-17-000359
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170606
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
FILED AS OF DATE:		20170807
DATE AS OF CHANGE:		20170807

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VISUALANT INC
		CENTRAL INDEX KEY:			0001074828
		STANDARD INDUSTRIAL CLASSIFICATION:	MEASURING & CONTROLLING DEVICES, NEC [3829]
		IRS NUMBER:				900273142
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-30262
		FILM NUMBER:		171011662

	BUSINESS ADDRESS:	
		STREET 1:		500 UNION STREET
		STREET 2:		SUITE 810
		CITY:			SEATTLE
		STATE:			WA
		ZIP:			98101
		BUSINESS PHONE:		206-903-1351

	MAIL ADDRESS:	
		STREET 1:		500 UNION STREET
		STREET 2:		SUITE 810
		CITY:			SEATTLE
		STATE:			WA
		ZIP:			98101

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Visualant, INC
		DATE OF NAME CHANGE:	20050106

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STARBERRYS CORP
		DATE OF NAME CHANGE:	20020918

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CIGAR KING CORP
		DATE OF NAME CHANGE:	19990127
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>form_8-k.htm
<DESCRIPTION>FORM 8-K FOR 06-06-2017
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<P style="margin:0px" align=center><B>UNITED STATES</B></P>
<P style="margin:0px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Date of Report: June 6, 2017</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B><U>&nbsp;&nbsp;&nbsp;&nbsp;VISUALANT, INCORPORATED&nbsp;&nbsp;&nbsp;&nbsp;</U></B></P>
<P style="margin:0px" align=center>(Exact name of Registrant as specified in its charter)</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:1pt"><TD width=240 ></TD><TD ></TD><TD width=239 ></TD></TR>
<TR><TD style="margin-top:0px" width=240><P style="margin:0px" align=center><B><U>&nbsp;&nbsp;&nbsp;&nbsp;Nevada&nbsp;&nbsp;&nbsp;&nbsp;</U></B></P>
</TD><TD style="margin-top:0px"><P style="margin:0px" align=center><B><U>&nbsp;&nbsp;&nbsp;&nbsp;000-30262&nbsp;&nbsp;&nbsp;&nbsp;</U></B></P>
</TD><TD style="margin-top:0px" width=239><P style="margin:0px" align=center><B><U>&nbsp;&nbsp;&nbsp;&nbsp;90-0273142&nbsp;&nbsp;&nbsp;&nbsp;</U></B></P>
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<TR><TD style="margin-top:0px" valign=top width=240><P style="margin:0px" align=center>(State or jurisdiction of incorporation)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px" align=center>(Commission File No.)</P>
</TD><TD style="margin-top:0px" valign=top width=239><P style="margin:0px" align=center>(IRS Employer Identification No.)</P>
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<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>500 Union Street, Suite 810</B></P>
<P style="margin:0px" align=center><B>Seattle, Washington 98101</B></P>
<P style="margin:0px" align=center><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(206) 903-1351&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></B></P>
<P style="margin:0px" align=center>(Address of Registrant&rsquo;s principal executive office and telephone number)</P>
<P style="margin:0px"><BR></P>

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<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>SECTION 2 - FINANCIAL INFORMATION</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Capital Source Business Finance Group</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-align: justify">Visualant, Incorporated (the &ldquo;Company&rdquo;) finances its TransTech operations from operations and a Secured Credit Facility with Capital Source Business Finance Group. On December 9, 2008, TransTech entered into a $1,000,000 secured credit facility with Capital Source to fund its operations. On June 6, 2017, TransTech entered into the Fourth Modification to the Loan and Security Agreement. This secured credit facility was renewed until June 12, 2018. with a floor for prime interest of 4.5% (currently 4.5%) plus 2.5%. The eligible borrowing is based on 80% of eligible trade accounts receivable, not to exceed $500,000. The secured credit facility is collateralized by the assets of TransTech, with a guarantee by Visualant, including a security interest in all assets of Visualant. The remaining balance on the accounts receivable line of $213,277 as of June 30, 2017 must be repaid by the time the secured credit facility expires on June 12, 2018, or the Company renews by automatic extension for the next successive one year term.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-align: justify">The Fourth Modification to the Loan and Security Agreement will be attached as an exhibit to the Company&rsquo;s Form 10-Q for the three months ended June 30, 2017.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>SIGNATURES</B></P>
<P style="margin:0px; text-align: justify">&nbsp;</P>
<P style="margin:0px; text-align: justify">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.</P>
<P style="margin:0px; text-align: justify">&nbsp;</P>
<P style="margin:0px; text-align: justify">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:1pt"><TD width=360 ></TD><TD width=24 ></TD><TD width=336 ></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=360><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=360 colspan=2><P style="margin:0px">Registrant: VISUALANT, INCORPORATED</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=360><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=336><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=360><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px">By:</P>
</TD><TD style="margin-top:0px" valign=top width=336><P style="margin:0px"><U>/s/&nbsp;Ronald P. Erickson</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=360><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=336><P style="margin:0px">Ronald P. Erickson</P>
<P style="margin:0px">Chief Executive Officer</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">August 7, 2017</P>
<P style="margin:0px"><BR></P>

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