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 and Exchange Act of 1934
Date of Report (Date of earliest event reported): April 11, 2011
CBIZ, INC.
(Exact name of registrant as specified in its charter)
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| Delaware
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1-32961
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22-2769024 |
| (State or other jurisdiction
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(Commission
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(IRS Employer |
| of incorporation)
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File Number)
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Identification No.) |
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6050 Oak Tree Boulevard, South, Suite 500
Cleveland, Ohio
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44131 |
| (Address of principal executive offices)
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(Zip Code) |
216-447-9000
(Registrant’s telephone number, including area code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement.
On April 11, 2011, the Company entered into an amendment (the “Amendment”) to that certain Credit
Agreement, dated as of June 4, 2010 (as amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), by and among the Company, Bank of America, N.A., as
administrative agent, and the other financial institutions from time to time party thereto.
The Amendment serves to reduce borrowing costs for the Company by up to 100 basis points and
extends the maturity date of the Credit Agreement one year to June 2015. The Amendment is effective as of April 11, 2011.
The foregoing description of the Amendment does not purport to be complete and is qualified in its
entirety by reference to the full text of the agreement, which is attached as Exhibit 10.1 hereto,
and incorporated herein by reference. A copy of the press release announcing the Amendment is filed
herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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10.1 |
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Second Amendment to the Credit Agreement, dated as of April 11, 2011, by and
among CBIZ, Inc., Bank of America, N.A., as administrative agent, and the other
financial institutions from time to time party to the Credit Agreement. |
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99.1 |
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Press Release of CBIZ, Inc. dated April 13, 2011, announcing the Amendment of
its unsecured credit agreement effective April 11, 2011. |
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