Company: BKTI
Filing Date: 2025-10-30
Form Type: 8-K
Source: 0001437749-25-032431
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Company: BK Technologies Corp
Filing Date: 2025-10-30
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On October 30, 2025, BK Technologies, Inc. (the “ Borrower”), a wholly owned subsidiary of BK Technologies Corporation (the “ Company”), entered into a First Amendment Agreement (the “ Amendment”) with Fifth Third Bank, National Association (the “ Lender”), amending the Credit Agreement by and between the Borrower and Lender (as amended, the “ Credit Agreement”). Among other things, the Amendment revises the availability under the $6.0 million revolving credit facility to remove the borrowing base requirement, and to increase the accordion feature, if certain conditions are met, for up to an additional $8.0 million of borrowing capacity, totaling a maximum commitment of $14.0 million; extends the maturity date to October 30, 2028; adds a new financial covenant providing that the Borrower will cause the outstanding principal balance under the Credit Agreement to be $0 for at least 30 consecutive days during each annual period ending on October 30; and amends the applicable interest rate margin, such that each advance under the Credit Agreement shall accrue interest on the outstanding principal amount thereof at a rate of the Secured Overnight Financing Rate (SOFR), plus a range of 1.75% to 2.25% per annum, based on certain total debt coverage ratios. In connection with the Amendment, RELM Communications, Inc. was released from its obligations as a guarantor under the Credit Agreement.

The foregoing summary of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Amendment, a copy of which is filed asExhibit 10.1to this Current Report on Form 8-K (this “ Current Report”) and is incorporated herein by reference.