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): May 12, 2008

 

 

E COM VENTURES, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Florida   0-19714   65-0977964

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(I.R.S. Employer

Identification No.)

251 International Parkway

Sunrise, Florida 33325

(Address of principal executive offices) (Zip Code)

(954) 335-9100

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, If Changed Since Last Report.)

 

 

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))

 

 

 

Section 1 – Registrant’s Business and Operations

 

Item 1.01. Entry into a Material Definitive Agreement.

On May 12, 2008, the Company entered into an amendment to its Amended and Restated Revolving Credit and Security Agreement with GMAC Commercial Finance LLC, as agent for certain institutional lenders. The amendment is effective as of February 1, 2008, and modifies the fixed charge coverage ratio requirement and the capital expenditures limitation contained within the agreement, and also extends the term of the agreement until August 11, 2008.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit

  

Description

10.1

   Amendment to Amended and Restated Revolving Credit and Security Agreement

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.

 

    E COM VENTURES, INC.
Date: May 16, 2008   By:  

/s/ Donovan Chin

    Donovan Chin,
    Chief Financial Officer

EXHIBIT INDEX

 

Exhibit

  

Description

10.1

   Amendment to Amended and Restated Revolving Credit and Security Agreement