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): September 5, 2008
iROBOT CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
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| 000-51598
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77-0259335 |
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| (Commission File Number)
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(IRS Employer Identification No.) |
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| 8 Crosby Drive, Bedford, Massachusetts
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01730 |
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| (Address of Principal Executive Offices)
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(Zip Code) |
Registrant’s telephone number, including area code: (781) 430-3000
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 (see General
Instruction A.2. below):
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 September 5, 2008, iRobot Corporation (the “Company”) entered into a Second Amendment and
Waiver to Credit Agreement (the “Credit Facility Amendment”) to its unsecured revolving credit
facility (the “Credit Facility”) with Bank of America, N.A. dated June 5, 2007. The Credit
Facility Amendment provides for, among other things, (1) the revision of the amount available for
borrowing under the Credit Facility to the lesser of: (a) $45 million or (b) amounts available
pursuant to a borrowing base calculation determined pursuant to the terms and conditions of the
Credit Facility Amendment, (2) waiver of the quick ratio financial covenant for the Company’s first
and second quarters of 2008, and (3) the termination of the quick ratio financial covenant going
forward.
The foregoing description of the Credit Facility Amendment is not complete and is qualified in
its entirety by reference to the Credit Facility Amendment, which is filed as Exhibit 10.1 hereto,
and 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.
The information set forth in Item 1.01 above is hereby incorporated by reference in this Item
2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
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10.1 |
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Second Amendment and Waiver to Credit Agreement by and between
iRobot Corporation and Bank of America, N.A., dated September 5, 2008 |