eng_8k
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)
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Nevada
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001-14217
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88-0322261
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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654 N. Sam Houston Parkway E., Suite 400,
Houston, Texas
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77060-5914
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(Address
of principal executive offices)
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(Zip
Code)
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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:
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[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Common
Stock, $0.001 par value
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ENG
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The
Nasdaq Stock Market LLC
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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.
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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.
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ENGlobal Corporation
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(Registrant)
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July 15, 2021
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/s/ DARREN W. SPRIGGS
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(Date)
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Darren
W. Spriggs,
Chief Financial Officer, Treasurer
and Corporate Secretary
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