SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): February 5, 2004
CORRPRO COMPANIES, INC.
(Exact name of registrant as specified in its charter)
Ohio
(State or Other Jurisdiction of Incorporation)
001-12282 34-1422570
(Commission File Number) (I.R.S. Employer Identification No.)
1090 Enterprise Drive
Medina, OH 44256
(Address of principal executive offices, including ZIP code)
(330) 723-5082
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE.
On February 5, 2004, the registrant issued a press release announcing that it
had secured an extension from the bank group, led by Bank One, N.A., of the
maturity date of its revolving credit facility. The release further announced
that the registrant had obtained a deferral of a significant scheduled principal
payment due under its senior notes held by The Prudential Insurance Company of
America. More detailed descriptions of the terms of the extension and deferral
are contained in the full press release, attached hereto as Exhibit 99.1, and
the amendments executed by the registrant and its lenders, attached hereto as
Exhibits 10.1 and 10.2.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS, AND EXHIBITS
Exhibit No. Description
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10.1 Eleventh Amendment to Credit Agreement dated as of
January 31, 2004 relating to the Amended and Restated Credit
Agreement dated as of June 9, 2000 among the Company, CSI
Coating Systems, Inc. and the Lenders party thereto.
10.2 Second Amendment dated as of January 31, 2004 between the
Company and the Prudential Insurance Company of America
relating to the Note Purchase Agreement dated as of January
21, 1998.
99.1 Press Release dated February 5, 2004, issued by Corrpro
Companies, Inc.
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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 thereunto duly authorized.
Date: February 9, 2004
CORRPRO COMPANIES, INC.
By: /s/ John D. Moran
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Name: John D. Moran
Title: Senior Vice President
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EXHIBIT LIST
Exhibit No. Description
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10.1 Eleventh Amendment to Credit Agreement dated as of
January 31, 2004 relating to the Amended and Restated Credit
Agreement dated as of June 9, 2000 among the Company, CSI
Coating Systems, Inc. and the Lenders party thereto.
10.2 Second Amendment dated as of January 31, 2004 between the
Company and the Prudential Insurance Company of America
relating to the Note Purchase Agreement dated as of January
21, 1998.
99.1 Press Release dated February 5, 2004, issued by Corrpro
Companies, Inc.
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