<SEC-DOCUMENT>0001181431-13-063329.txt : 20131218
<SEC-HEADER>0001181431-13-063329.hdr.sgml : 20131218
<ACCEPTANCE-DATETIME>20131218131525
ACCESSION NUMBER:		0001181431-13-063329
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20131218
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20131218
DATE AS OF CHANGE:		20131218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GEOSPACE TECHNOLOGIES CORP
		CENTRAL INDEX KEY:			0001001115
		STANDARD INDUSTRIAL CLASSIFICATION:	MEASURING & CONTROLLING DEVICES, NEC [3829]
		IRS NUMBER:				760447780
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13601
		FILM NUMBER:		131284663

	BUSINESS ADDRESS:	
		STREET 1:		7007 PINEMONT DR.
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77040
		BUSINESS PHONE:		7139864444

	MAIL ADDRESS:	
		STREET 1:		7007 PINEMONT DR.
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77040

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OYO GEOSPACE CORP
		DATE OF NAME CHANGE:	19950919
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rrd397824.htm
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			Prepared By R.R. Donnelley Financial -- Form 8-K
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				<b>UNITED STATES </b>
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				<b>SECURITIES AND EXCHANGE COMMISSION</b>
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				<b>Washington, D.C. 20549</b>
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				<b>Form 8-K </b>
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				<b>CURRENT REPORT</b>
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				<b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b>
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				<b>Date of Report (Date of earliest event reported):&nbsp;&nbsp;12/18/2013 </b>
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				<b>GEOSPACE TECHNOLOGIES CORPORATION</b>
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				<b>(Exact name of registrant as specified in its charter)</b>
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				<b>Commission File Number:&nbsp;&nbsp;001-13601</b>
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								<b>DE</b>
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							&nbsp;&nbsp;
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								<b>76-0447780</b>
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								<b>(State or other jurisdiction of</b>
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							&nbsp;&nbsp;
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								<b>(IRS Employer</b>
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								<b>incorporation)</b>
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							&nbsp;&nbsp;
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								<b>Identification No.)</b>
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				<b>7007 Pinemont Drive, Houston, TX 77040</b>
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				<b>(Address of principal executive offices, including zip code)</b>
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				<b>(713) 986-4444</b>
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				<b>(Registrant&#146;s telephone number, including area code)</b>
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				<b> </b>
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				<b>(Former name or former address, if changed since last report)</b>
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			<b>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:<BR><BR></b>
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			<b>[&nbsp;&nbsp;]&nbsp;&nbsp;
			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
			[&nbsp;&nbsp;]&nbsp;&nbsp;
			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
			[&nbsp;&nbsp;]&nbsp;&nbsp;
			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
			[&nbsp;&nbsp;]&nbsp;&nbsp;
			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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				<b>Item 1.01.&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement</b>
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				On December 16, 2013, Geospace Technologies Corporation (the "Company") entered into a First Amendment (the "Amendment") amending its existing Loan Agreement dated as of September 27, 2013 (the "Prior Loan Agreement"), among the Company, certain domestic subsidiaries of the Company, as guarantors, and Frost Bank.  The amendment modified the definition of the term Obligations in the Prior Loan Agreement to include the Company's Subsidiaries' obligations to Frost Bank incurred pursuant to swap agreements and related instruments.<p>The above description of the Amendment is qualified in its entirety by reference to the complete text of the Amendment filed as Exhibit 10.1 hereto, which is incorporated herein by reference.
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				<b>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</b>
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				10.1  First Amendment to Loan Agreement dated December 16, 2013 among Geospace Technologies Corporation, as borrower, certain subsidiaries of Geospace Technologies Corporation, as guarantors, and Frost Bank, as lender.
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			<b>SIGNATURES</b>
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			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.
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							GEOSPACE TECHNOLOGIES CORPORATION
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					&nbsp;
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							Date: December 18, 2013
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							By:
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						/s/&nbsp;&nbsp;&nbsp;&nbsp;Thomas T. McEntire</font>
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						Thomas T. McEntire</font>
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						Vice President, Chief Financial Officer and Secretary
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			<b>EXHIBIT INDEX</b>
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			&nbsp;
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								<b>Exhibit&nbsp;No.</b>
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								<b>Description</b></font>
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								EX-10.1
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								First Amendment to Loan Agreement</font>
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<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>rrd397824_40296.htm
<DESCRIPTION>FIRST AMENDMENT TO LOAN AGREEMENT
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<TITLE>Frost Geospace First Amendment to Loan Agreement  (00030716.DOC;1)</TITLE>
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<B><U><P ALIGN="CENTER">FIRST AMENDMENT TO LOAN AGREEMENT</P>
</B></U><P ALIGN="JUSTIFY">This FIRST AMENDMENT TO LOAN AGREEMENT (this "<U>Amendment</U>") is entered into on the 16 day of December, 2013, to be effective as of September 27, 2013, by and among <B>GEOSPACE TECHNOLOGIES CORPORATION</B>,<B> </B>a Delaware corporation ("<U>Borrower</U>"), <B>EACH OF THE DOMESTIC SUBSIDIARIES OF THE BORROWER</B> identified on <U>Schedule&nbsp;1</U> hereto (collectively, "<U>Guarantor</U>"), and <B>FROST BANK</B>, a Texas state bank ("<U>Lender</U>").</P>
<B><P ALIGN="CENTER">RECITALS</P>
<OL TYPE="A">
<OL TYPE="A">
</B><P ALIGN="JUSTIFY"><LI>On September 27, 2013, Borrower, Guarantor and Lender entered into that certain Loan Agreement (<A NAME="OLE_LINK1"><A NAME="OLE_LINK2">together with all amendments, modifications and restatements, </A></A>the "<U>Loan Agreement</U>"), concerning, among other things, the terms, conditions and covenants of those certain Loans (as defined in the Loan Agreement).  The Loans are evidenced by that certain Revolving Promissory Note dated September 27, 2013, in the original principal amount of $50,000,000.00 executed by Borrower and payable to the order of Lender.</LI></P>
<P ALIGN="JUSTIFY"><LI>Borrower and Lender have agreed to modify the definition of "Obligations" and amend the Loan Agreement as set forth below.</LI></P>
<P ALIGN="JUSTIFY"><LI>All capitalized terms not otherwise defined in this Amendment shall have the same meanings as are set forth in the Loan Agreement.</LI></P></OL>
</OL>
<P ALIGN="JUSTIFY">NOW, THEREFORE, for and in consideration of the premises and mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower and Lender hereby agree as follows:</P>
<B><P ALIGN="CENTER">AGREEMENTS</P>
<OL>
</B><U><P ALIGN="JUSTIFY"><LI>Amendment</U>.</LI></P>
<P ALIGN="JUSTIFY">  The definition of "Obligations" in Section 1.01 of the Loan Agreement is hereby amended in its entirety to read as follows:</P>
<P ALIGN="JUSTIFY">"<U>Obligations</U>" means (a) the unpaid principal of and accrued interest on all present and future Indebtedness, obligations and liabilities of Borrower to Lender, in each case, arising pursuant to the Loans, this Loan Agreement or any of the other Loan Documents, or any Swap Agreement, and any renewals, extensions, increases, or amendments thereof, or any part thereof, regardless of whether such Indebtedness, obligations and liabilities are direct, indirect, fixed, contingent, liquidated, unliquidated, joint, several or joint and several and including accrued and unpaid interest and fees that accrue after the commencement by or against Borrower of any proceeding under any Applicable Bankruptcy Law naming Borrower as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding, and (b) the unpaid principal of and accrued interest on all present and future Indebtedness, obligations and liabilities of any Subsidiary to Lender arising pursuant to any Swap Agreement, and any renewals, extensions, increases, or amendments thereof, or any part thereof, regardless of whether such Indebtedness, obligations and liabilities are direct, indirect, fixed, contingent, liquidated, unliquidated, joint, several or joint and several and including accrued and unpaid interest and fees that accrue after the commencement by or against any such Subsidiary of any proceeding under any Applicable Bankruptcy Law naming Subsidiary as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.</P>
<U><P ALIGN="JUSTIFY"><LI>No Other Amendment</U>.</LI></P>
<P ALIGN="JUSTIFY">  Except as specifically modified or amended herein, all terms, provisions and requirements of the Loan Agreement shall remain as written.  </P>
<U><P ALIGN="JUSTIFY"><LI>Reaffirmation</U>.</LI></P>
<P ALIGN="JUSTIFY">  Borrower hereby reaffirms all covenants, conditions, representations and warranties contained in the Loan Agreement, as amended by this Amendment.</P>
<U><P ALIGN="JUSTIFY"><LI>Counterparts</U>.  This Amendment may be executed in counterpart originals, no one of which need contain the signature of all parties, but all of which together shall constitute one and the same instrument.</LI></P>
<U><P ALIGN="JUSTIFY"><LI>Governing Law</U>.</LI></P>
<P ALIGN="JUSTIFY">  This Amendment and all other Loan Documents shall be governed by, and construed in accordance with, the laws of the State of Texas, excluding those laws relating to the resolution of conflicts between laws of different jurisdictions.</P>
<U><P ALIGN="JUSTIFY"><LI>Headings</U>.</LI></P></OL>
<P ALIGN="JUSTIFY">  The headings preceding the text of the paragraphs of this Amendment have been inserted solely for convenience of reference and shall neither constitute a part of this Amendment nor affect its meaning, interpretation, or effect.</P>
<B><P ALIGN="CENTER">NOTICE TO COMPLY WITH STATE LAW</P>
</B><P ALIGN="JUSTIFY">For the purpose of this Notice, the term "WRITTEN AGREEMENT" shall mean this Amendment, the Loan Agreement, and the other Loan Documents, together with each and every other document relating to and/or securing the Loans, regardless of the date of execution.</P>
<B><P ALIGN="CENTER">NOTICE OF FINAL AGREEMENT</P><DIR>
<DIR>
<P ALIGN="JUSTIFY">THIS WRITTEN AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.</P>
<P ALIGN="JUSTIFY">THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</P>
</B><P ALIGN="JUSTIFY"></P>
<P>&nbsp;</P></DIR>
</DIR>
<B><P ALIGN="CENTER">[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]</P>
</B>
<P>&nbsp;</P>
<B><P ALIGN="CENTER">[SIGNATURES ON THE FOLLOWING PAGE(S)]</P>
</B>
<P ALIGN="JUSTIFY">Executed as of the date first written above.</P><DIR>
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<DIR>
<U><P ALIGN="JUSTIFY">BORROWER</U>:</P>
<U><P ALIGN="JUSTIFY"></P>
</U><B><P ALIGN="JUSTIFY">GEOSPACE TECHNOLOGIES CORPORATION</B>, a Delaware corporation</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">By:<U>/s/Thomas T. McEntire&#9;&#9;&#9;&#9;&#9;</P><DIR>
</U><P ALIGN="JUSTIFY">      Thomas T. McEntire, Vice President, Chief Financial Officer and Secretary</P>
<U><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P></DIR>
<P ALIGN="JUSTIFY">GUARANTORS</U>:</P>
<P ALIGN="JUSTIFY"></P>
<B><P>GTC, INC.</P>
<P>EXILE TECHNOLOGIES CORPORATION</P>
<P>GEOSPACE ENGINEERING RESOURCES </P>
<P>  INTERNATIONAL, INC.</P>
<P>GEOSPACE FINANCE CORP.</P>
<P>GEOSPACE J.V., INC.</P>
<P>GEOSPACE TECHNOLOGIES, SUCURSAL </P>
<P>  SUDAMERICANA LLC</P>
</B>
<P>&nbsp;</P>
<P ALIGN="JUSTIFY">By:<U>/s/Thomas T. McEntire&#9;&#9;&#9;&#9;&#9;</P>
</U><P>             Thomas T. McEntire, Vice President, Chief Financial  </P>
<P>             Officer and Secretary of each of the Guarantors named </P>
<P>             above</P>
<P>&nbsp;</P>
<U><P ALIGN="JUSTIFY">LENDER</U>:</P>
<P ALIGN="JUSTIFY"></P>
<B><P ALIGN="JUSTIFY">FROST BANK</B>, a Texas state bank</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">By:<U>&#9;/s/Larry Hammonds&#9;&#9;&#9;&#9;&#9;</P>
</U><P ALIGN="JUSTIFY">Name:<U>&#9;Larry Hammonds&#9;&#9;&#9;&#9;&#9;</P>
</U><P ALIGN="JUSTIFY">Title:<U>&#9;Market President&#9;&#9;&#9;&#9;&#9;</P>
</U>
<P>&nbsp;</P></DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
<B><P ALIGN="CENTER">SCHEDULE 1</P>
<P ALIGN="CENTER">TO</P>
<U><P ALIGN="CENTER">FIRST AMENDMENT TO LOAN AGREEMENT</P>
</B></U>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P ALIGN="CENTER">Guarantors/Domestic Subsidiaries</P>
</B>
<P ALIGN="JUSTIFY">(1)&#9;GTC, Inc., a Texas corporation</P>
<P ALIGN="JUSTIFY">(2)&#9;Exile Technologies Corporation, a Texas corporation</P>
<P ALIGN="JUSTIFY">(3)&#9;Geospace Engineering Resources International, Inc., a Texas corporation</P>
<P ALIGN="JUSTIFY">(4)&#9;Geospace Finance Corp., a Texas corporation</P>
<P ALIGN="JUSTIFY">(5)&#9;Geospace J.V., Inc., a Texas corporation</P>
<P ALIGN="JUSTIFY">(6)&#9;Geospace Technologies, Sucursal Sudamericana LLC, a Texas limited liability company</P></BODY>
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</SEC-DOCUMENT>
