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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): December 1, 2000
TEKGRAF, INC.
(Exact name of registrant as specified in its charter)
GEORGIA 000-23221 58-2033795
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
980 Corporate Woods Parkway
Vernon Hills, Illinois 60061
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (847) 913-5888
None
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On December 1, 1999, we entered into a Loan Agreement with William M.
Rychel pursuant to which we loaned Mr. Rychel a total of $1,775,000 to purchase
from certain shareholders a total of 806,983 shares of our common stock. The
loan was due on December 1, 2000. On December 1, 2000, we entered into an
amendment to the loan agreement with Mr. Rychel that extended the due date of
the loan until December 1, 2001. The amendment is filed as an exhibit to this
Report.
The interest rate on the loan, which remains unchanged, is at a rate
that is 0.25% above the rate paid from time to time by us under our current bank
loan agreement. The loan continues to be secured by the shares that Mr. Rychel
purchased with the proceeds of the loan, as more fully described in our Proxy
Statement filed on April 25, 2000 under the caption "Certain Relationships and
Related Transactions-Transactions with Mr. Rychel."
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
10.1 Loan Agreement between William M. Rychel and Tekgraf, Inc.
dated December 1, 1999 (incorporated by reference from
Exhibit 8 to Schedule 13-D filed on January 14, 2000).
10.2 Amendment No. 1 to Loan Agreement between William M. Rychel
and Tekgraf, Inc. dated as of December 1, 2000.
1
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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.
TEKGRAF, INC.
Date: December 5, 2000 By: /s/ Thomas M. Mason
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Thomas M. Mason
Chief Financial Officer
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INDEX TO EXHIBITS
Exhibit
Number Description
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10.2 Amendment No. 1 to Loan Agreement between William M. Rychel and
Tekgraf, Inc. dated as of December 1, 2000.
E-1
