UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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
30, 2008
GERMAN
AMERICAN BANCORP, INC.
(Exact
Name of Registrant as Specified in Its Charter)
Indiana
(State
or
Other Jurisdiction of Incorporation)
|
0-11244
|
35-1547518
|
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
| |
|
|
711
Main Street
|
|
|
Box
810
|
|
|
Jasper,
Indiana
|
47546
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
(812)
482-1314
(Registrant’s
Telephone Number, Including Area Code)
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 (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))
|
Item
1.01. Entry into a Material Definitive Agreement.
On
September 30, 2008, German American Bancorp, Inc. (the “Company”) and JPMorgan
Chase Bank, N.A. (the “Lender”) executed and delivered to each other an
amendment to the Second Amended and Restated Loan and Subordinated Debenture
Purchase Agreement dated December 29, 2006, as previously amended in September
2007 (as amended, the "Loan Agreement") between the Lender and the Company.
Pursuant to this 2008 amendment, the Company's revolving line of credit
established by the Loan Agreement (which was to have expired and become due
September 30, 2008) was extended through September 30, 2009, and the amount
of
the credit available to the Company under the revolving line of credit was
reduced from $15 million to $10 million. In addition, the interest rate payable
by the Company to the Lender in respect of LIBOR-based advances under the Loan
Agreement was increased from LIBOR plus 115 basis points to LIBOR plus 165
basis
points, and the Company agreed to pay a non-refundable fee on the unused portion
of the maximum amount available under the line of credit of thirty-five basis
points per annum, due quarterly in arrears.
Item
2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The
information reported under Item 1.01 is incorporated herein by reference.
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 hereunto
duly authorized.
GERMAN
AMERICAN BANCORP, INC.
Date:
October 6, 2008
Mark
A.
Schroeder
President
and Chief Executive Officer