Item 1.01.
Entry Into Material Definitive Agreement.
On November 27, 2023, Crawford United Corporation, an Ohio corporation (the "Company"), entered into a Seventh Amendment Agreement (the "Seventh Amendment"), which amends the Credit Agreement dated as of June 1, 2017, as previously modified and amended, by and among the Company, certain of the Company's subsidiaries, and JPMorgan Chase Bank, N.A. (as modified and amended, the "Credit Agreement").
The Seventh Amendment to the Credit Agreement, among other things, (a) extends the maturity date of the underlying credit facility to June 1, 2027, (b) increases the maximum annual amount that the Company and its subsidiaries may pay in dividends or other restricted payments to $2,000,000 from $1,250,000, and (c) permits the repurchase by the Company and its subsidiaries of up to $7,000,000 of Company equity prior to June 30, 2024, subject to compliance with certain financial covenants under the Credit Agreement.
The foregoing description of the Seventh Amendment to the Credit Agreement is a summary and is qualified in its entirety by reference to the full text of the Seventh Amendment which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference.

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Crawford United Corporation published this content on 01 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2023 11:32:16 UTC.