Material Agreement · New Debt / Obligation

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549     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 6, 2016     TELOS CORPORATION (Exact name of registrant as specified in charter)     Maryland   001-08443   52-0880974 (State of Incorporation)   (Commission File Number)   (I.R.S. Employer ID No.)     19886 Ashburn Road, Ashburn, Virginia      20147-2358 (Address of principle executive offices)      (Zip Code)   (703) 724-3800 (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: ☐            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐            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. Item 2.03            Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.     On September 6, 2016, Telos Corporation (the "Company") and Action Capital Corporation ("Action Capital") amended that certain Financing and Security Agreement, dated July 15, 2016 (the "Financing Agreement"), between the Company and Action Capital to increase the maximum outstanding principal amount of advances under the Financing Agreement to $5,000,000. Prior to this amendment, the maximum amount was $2,500,000. A copy of the Amendment to Financing and Security Agreement between the Company and Action Capital is attached hereto as Exhibit 99.1 and is incorporated herein by reference.     Item 9.01            Financial Statements and Exhibits. (d) Exhibits 99.1 Amendment to Financing and Security Agreement Between the Company and Action Capital Corporation dated September 6, 2016   SIGNATURE   Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   Date:  September 9, 2016     TELOS CORPORATION     By: /s/ Michele Nakazawa     Michele Nakazawa Chief Financial Officer