8-K 1 v382792_8-k.htm FORM 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 27, 2014

_________________

WIDEPOINT CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware | 001-33035 | 52-2040275
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.)
7926 Jones Branch Drive, Suite 520, McLean, Virginia (Address of Principal Executive Office) | 22102 (Zip Code)
Registrant’s telephone number, including area code: (703) 349-2577

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:

| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

| Item 1.01 | Entry into a Material Definitive Agreement.

The information set forth under Item 2.03, “Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant,” is incorporated herein by reference.

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

On June 27, 2014, WidePoint Corporation and its subsidiaries (the “Company”) entered into a Change in Terms Agreement with Cardinal Bank to extend the maturity date of the Company’s $8.0 million working capital line of credit facility from June 30, 2014 until September 30, 2014 and to add WidePoint Global Solutions, Inc. as a co-borrower. There were no other changes to the terms of the credit facility.

The description of the Change in Terms Agreement set forth above is qualified by reference to Exhibit 10.1, which is incorporated herein by reference.

| Item 9.01 | Financial Statements and Exhibits

| (d) | Exhibits

| 10.1 | Change in Terms Agreement dated June 27, 2014 between Cardinal Bank and the Company.

SIGNATURES

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.

| WIDEPOINT CORPORATION |
| /s/ James T. McCubbin |
Date: June 30, 2014 | James T. McCubbin |
| Executive Vice President and Chief Financial Officer |