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):  January 23, 2009

 

Tree.com, Inc.

(Exact name of registrant as specified in charter)

 

 

Registrant’s telephone number, including area code:   (704) 541-5351

 

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:

 

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))

 

 

 

Item 1.01.                                          Entry into a Material Definitive Agreement.

 

On January 23, 2009, the Registrant, through its subsidiary Home Loan Center, Inc., mutually agreed with Countrywide Bank, FSB to extend the term of its $50 million committed line of credit to February 23, 2009 and to revise the interest rate to 30-day LIBOR plus 225 basis points.  In addition to certain amendments to the financial covenants, the parties also mutually agreed to reduce the uncommitted line of credit from $150 million to $50 million.  Both parties continue to work on a one-year extension of the committed facility.

 

Item 5.02.                                          Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On January 26, 2009, the Company’s Board of Directors appointed Patrick L. McCrory as a director of the Company.  The Board of Directors determined that Mr. McCrory qualifies as an “independent” director, and appointed him to serve on the Company’s Compensation and Nominating Committees.  A copy of the related press release is furnished as Exhibit 99.1 hereto.

 

Item 9.01.                                          Financial Statements and Exhibits.

 

(d) Exhibit.

 

Exhibit Number		Description
99.1		Press release announcing appointment of Patrick L. McCrory as a director of Tree.com, Inc.

 

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SIGNATURE

 

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.

 

Date: January 29, 2009

 

	TREE.COM, INC.
	By:	/s/ Scott A. Cammarn
		Scott A. Cammarn
		Senior Vice President and
		General Counsel

 

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EXHIBIT INDEX

 

Exhibit		Description
99.1		Press release announcing appointment of Patrick L. McCrory as a director of Tree.com, Inc.

 

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