Item 1.01. Entry into a Material Definitive Agreement.
On May 3, 2021, Texas Oil & Chemical Co. II, Inc. (the "Borrower"), a
wholly-owned subsidiary of Trecora Resources (the "Company"), and certain of its
subsidiaries, as guarantors (the "Guarantors"), entered into an Eighth Amendment
to Amended and Restated Credit Agreement (the "Eighth Amendment") related to the
Amended and Restated Credit Agreement, dated as of October 1, 2014 (as amended,
supplemented and modified prior to the date hereof, the "Credit Agreement"),
among the Borrower, the Guarantors, the lenders from time to time party thereto,
Citibank, N.A., as an L/C Issuer, and Bank of America, N.A., as Administrative
Agent, Swingline Lender and L/C Issuer. Pursuant to the Eighth Amendment, the
definition of "Consolidated EBITDA" for any Measurement Period (as defined in
the Credit Agreement) (including any Measurement Period containing the quarter
ended March 31, 2021) was amended to allow for certain add backs not to exceed
$5.0 million in the aggregate for the 2021 fiscal year related to charges,
expenses and losses arising from or related to the prolonged period of
sub-freezing temperatures and snow across the State of Texas and the region in
February 2021.
The foregoing summary of the Eighth Amendment does not purport to be complete
and is qualified in its entirety by reference to the Eighth Amendment, a copy of
which will be filed with the Company's Form 10-Q for the fiscal quarter ended
March 31, 2021.
Item 2.02. Results of Operations and Financial Condition
The Company's press release dated May 4, 2021, regarding its financial results
for the quarter ended March 31, 2021, including consolidated financial
statements for the quarter ended March 31, 2021, is Exhibit 99.1 of this Form
8-K.
The information in this Item 2.02, including the corresponding Exhibit 99.1, is
being furnished with the Securities and Exchange Commission (the "Commission")
and shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act").
Item 7.01. Regulation FD Disclosure
The slides for the Company's first quarter 2021 earnings presentation on May 5,
2021, are Exhibit 99.2 to this Form 8-K.
The information in this Item 7.01, including the corresponding Exhibit 99.2, is
being furnished with the Commission and shall not be deemed "filed" for purposes
of Section 18 of the Exchange Act.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No.                                         Description of Exhibit
99.1                         Earnings Release of the Company, dated May 4, 2021
99.2                         Earnings Presentation of the Company, dated May 5, 2021
104                        Cover Page Interactive Data File (formatted as inline XBRL and included
                           as Exhibit 101)


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