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Englobal Corp (ENG) SEC Filing 8-K Material Event for the period ending Monday, July 12, 2021

Englobal Corp

CIK: 933738 Ticker: ENG
   

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) July 12, 2021
  
 
ENGlobal Corporation
(Exact name of registrant as specified in its charter)
 
Nevada
 
001-14217
 
88-0322261
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
654 N. Sam Houston Parkway E., Suite 400,
Houston, Texas
 
77060-5914
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: 281-878-1000
  
 
(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))
 
Securities registered pursuant to Section 12(b) of the Act:
 
 
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.001 par value
ENG
The Nasdaq Stock Market LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
 
Emerging growth company [  ]
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]
 

 
 
 
Item 1.02. Termination of a Material Definitive Agreement
 
As previously disclosed, ENGlobal Corporation (“ENGlobal”) was granted an unsecured loan (the “Loan”) from Origin Bank in the aggregate principal amount of $4,915,800 pursuant to the Paycheck Protection Program (the “PPP”) under Division A, Title I of Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which was enacted on March 27, 2020. The Loan is evidenced by a promissory note, dated as of April 13, 2020 (the “Note”), by ENGlobal in favor of Origin Bank, as lender.
 
On July 12, 2021, ENGlobal received notification from Origin Bank that the Loan was forgiven in full by the U.S. Small Business Administration.
 
 
 
 
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.
 
 
 
ENGlobal Corporation
 
 
(Registrant)
 
 
 
July 15, 2021
 
/s/ DARREN W. SPRIGGS
(Date)
 
Darren W. Spriggs,
Chief Financial Officer, Treasurer
and Corporate Secretary
 
  

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Ticker: ENG
CIK: 933738
Form Type: 8-K Corporate News
Accession Number: 0001654954-21-007986
Submitted to the SEC: Thu Jul 15 2021 5:21:34 PM EST
Accepted by the SEC: Thu Jul 15 2021
Period: Monday, July 12, 2021
Industry: Engineering Services
Events:
  1. Ending Agreement

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