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<title>Form 8-K, Fifth Amendment to BOA Loan Agreement</title>



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<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>









<p class=MsoNormal align=center style='text-align:center'><b>UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION</b><b><br>
  Washington, DC 20549<br>
<br>
</b></p>



<p class=MsoNormal align=center style='text-align:center'><b>FORM</b><b> 8&#8209;K</b></p>





<p class=MsoNormal align=center style='text-align:center'><b>CURRENT REPORT Pursuant<br>
to Section 13 or 15(d) of the<br>
Securities Exchange Act of 1934</b></p>





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  <p class=MsoNormal align=right style='text-align:right'>Date of report (Date of
  earliest event reported):</p>
  </td>
  <td width=181 valign=top style='width:135.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>March
  19, 2008</b></p>
  </td>
 </tr>
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<p class=MsoNormal align=center style='text-align:center'><b>TOR Minerals International, Inc.<br>
</b>(Exact Name of Registrant as Specified
in Its Charter)</p>



<p class=MsoNormal align=center style='text-align:center'><b>Delaware</b><b><br>
</b>(State or Other
Jurisdiction of Incorporation)</p>



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  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>0-17321<br>
  </b>(Commission
  File Number)<br>
  <br>
  </p>
  </td>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>74-2081929<br>
  </b>(IRS Employer Identification No.)<br>
  <br>
  </p>
  </td>
 </tr>
 <tr>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>722 Burleson Street<br>
  Corpus Christi, Texas</b></p>
  </td>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><br>
  78402</b></p>
  </td>
 </tr>
 <tr>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(Address of Principal Executive
  Offices)</p>
  </td>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(Zip Code)</p>
  </td>
 </tr>
</table>

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<p class=MsoNormal align=center style='text-align:center'><b>(361) 883-5591<br>
</b>(Registrant's Telephone Number, Including Area Code)</p>



<p class=MsoNormal align=center style='text-align:center'><b>N/A<br>
</b>(Former Name or
Former Address, if Changed Since Last Report)</p>



<p class=MsoNormal style='text-align:justify;line-height:13.0pt'>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 (<i>see </i>General
Instruction A.2. below):</p>



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  <p class=MsoNormal style='line-height:13.0pt'>Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)</p>
  </td>
 </tr>
 <tr>
  <td width=38 valign=top style='width:28.4pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

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  <td width=601 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:13.0pt'>Soliciting material pursuant to Rule 14a-12 under the
  Exchange Act (17 CFR 240.14a-12)</p>
  </td>
 </tr>
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  <td width=38 valign=top style='width:28.4pt;border:none;border-bottom:solid windowtext 1.0pt;
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  </td>
  <td width=601 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:13.0pt'>Pre-commencement communications pursuant to Rule
  14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>
  </td>
 </tr>
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  <td width=38 valign=top style='width:28.4pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=601 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:13.0pt'>Pre-commencement communications pursuant to Rule
  13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>
  </td>
 </tr>
</table>

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<p class=MsoNormal><b>ITEM 1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>ENTRY
INTO A MATERIAL DEFINITIVE AGREEMENT</u>.</b></p>



<p class=MsoNormal style='text-align:justify'>On
March 19, 2008, TOR Minerals International, Inc. (the &quot;Company&quot;, &quot;Borrower&quot;)
amended its current loan agreement with Bank of America (the &quot;Bank&quot;).&nbsp; Under
the terms of the amendment, the maturity date for the Company's line of credit
was extended from October 1, 2008 to April 1, 2009.&nbsp; In addition, the following
revisions were made to the existing loan covenants:</p>



<p class=MsoNormal style='margin-left:.5in;text-align:justify;text-indent:-.25in'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Section 4(B)(i), Borrower's Ratio
of Total Liabilities to Tangible Net Worth has been deleted in its entirety.</p>



<p class=MsoNormal style='margin-left:.5in;text-align:justify;text-indent:-.25in'>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Section 4(B)(ii), Borrower's Ratio
of Current Assets to Current Liabilities has been deleted in its entirety and
replaced with the following:</p>



<p class=MsoNormal style='margin-top:0in;margin-right:.5in;margin-bottom:0in;
margin-left:.5in;margin-bottom:.0001pt;text-align:justify'>&quot;<b>Current Ratio</b>.&nbsp; Borrower agrees to maintain,
on a consolidated basis, a ratio of current assets to current liabilities
(including the outstanding principal balance of the Revolving Note) of at least
1.1 to 1.0, calculated as of each March 31, June 30, September 30, and December
31.&quot;</p>



<p class=MsoNormal style='margin-left:.5in;text-align:justify;text-indent:-.25in'>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Section 4(B)(iii), Borrower's
Fixed Charge Coverage Ratio, is amended as follows:</p>



<p class=MsoNormal style='margin-top:0in;margin-right:.5in;margin-bottom:0in;
margin-left:.5in;margin-bottom:.0001pt;text-align:justify'>&quot;<b>Fixed Charge Coverage Ratio</b>.&nbsp; Borrower agrees
to maintain, on a consolidated basis, a Fixed Charge Coverage Ratio of at least
1.25 to 1.0.&nbsp; &quot;<b><i>Fixed Charge Coverage Ratio</i></b>&quot; means the ratio of
(a) the <i>sum</i> of EBITDA <i>minus</i> the sum of taxes, dividends and
maintenance capital expenditures, to (b) the <i>sum</i> of interest expense,
the current portion of long term debt and the current portion of capitalized
lease obligations.&quot;</p>



<p class=MsoNormal style='margin-left:.5in;text-align:justify;text-indent:-.25in'>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Section 4(B)(iv), Borrower must
maintain a positive net income, after tax, for the preceding twelve-month
period has been deleted in its entirety.</p>



<p class=MsoNormal style='margin-left:.5in;text-align:justify;text-indent:-.25in'>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Section 4(B)(v), Borrower's Funded
Debt to EBITDA Ratio has been added as follows:</p>



<p class=MsoNormal style='margin-top:0in;margin-right:.5in;margin-bottom:0in;
margin-left:.5in;margin-bottom:.0001pt;text-align:justify'>&quot;<b>Funded Debt to EBITDA Ratio</b>.&nbsp; Borrower agrees
that its Funded Debt to EBITDA Ratio, measured on a consolidated basis, will
not exceed 4.50 to 1.0.&nbsp; This ratio will be calculated at the end of each
reporting period for which Lender requires financial statements from Borrower,
using the results of the twelve-month period ending with that reporting
period.&nbsp; The current portion of long-term liabilities will be measured as of
the date twelve-months prior to the current financial statements.&quot;</p>





<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>ITEM 2.03&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>CREATION OF A DIRECT
FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF
A REGISTRANT</u>.</b></p>



<p class=MsoNormal style='text-align:justify'>See
our discussion in Item 1.01 with respect to the Company's amended loan
agreement with Bank of America.</p>

<p class=MsoFooter align=center style='text-align:center'>2</p>

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<p class=MsoNormal style='text-align:justify'><b>ITEM 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>FINANCIAL STATEMENTS AND EXHIBITS</u></b></p>



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  <td width="8%" valign=top style='width:8.76%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='text-align:right'>(a)</p>
  </td>
  <td width="91%" valign=top style='width:91.24%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Financial
  Statements of Businesses Acquired.<br>
  Not applicable.</p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign=top style='width:8.76%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='text-align:right'>(b)</p>
  </td>
  <td width="91%" valign=top style='width:91.24%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Pro
  Forma Financial Information.<br>
  Not applicable.</p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign=top style='width:8.76%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='text-align:right'>(c)</p>
  </td>
  <td width="91%" valign=top style='width:91.24%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Shell company transaction<br>
  Not applicable</p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign=top style='width:8.76%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='text-align:right'>(d)</p>
  </td>
  <td width="91%" valign=top style='width:91.24%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Exhibits.<br>
  The following exhibit is furnished in accordance with the provisions of Item
  601 of Regulation S-B:</p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign=top style='width:8.76%;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width="91%" valign=top style='width:91.24%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Exhibit</p>
  <p class=MsoNormal style='margin-left:71.3pt;text-indent:-71.3pt'><u>Number</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u><br>
  </p>
  <p class=MsoNormal style='margin-left:71.3pt;text-indent:-71.3pt'>10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fifth Amendment to Second Amended and Restated Loan
  Agreement</p>
  </td>
 </tr>
</table>



<p class=MsoNormal align=center style='text-align:center'><b>SIGNATURES</b></p>



<p class=MsoNormal style='text-align:justify'>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.</p>





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  <td width="34%" valign=top style='width:34.4%;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width="65%" valign=top style='width:65.6%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>TOR MINERALS INTERNATIONAL, INC.<br>
  <b>_____________________<br>
  </b>(Registrant)</p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign=top style='width:34.4%;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width="65%" valign=top style='width:65.6%;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width="34%" valign=top style='width:34.4%;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width="65%" valign=top style='width:65.6%;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width="34%" valign=top style='width:34.4%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Date:&nbsp; March 20, 2008</p>
  </td>
  <td width="65%" valign=top style='width:65.6%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><u>/s/ STEVEN H. PARKER</u></b></p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign=top style='width:34.4%;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width="65%" valign=top style='width:65.6%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Steven H. Parker<br>
  Treasurer and CFO</p>
  </td>
 </tr>
</table>











<p class=MsoNormal align=center style='text-align:center'><b>EXHIBIT INDEX</b></p>



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  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Exhibit No.</b></p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Description</b></p>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>10.1</p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Fifth Amendment to Second
  Amended and Restated Loan Agreement</p>
  </td>
 </tr>
</table>

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<p class=MsoFooter align=center style='text-align:center'>3</p>

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</html>
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Form 8-K, Fifth Amendment to BOA Loan Agreement
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):
March
  19, 2008
TOR Minerals International, Inc.
(Exact Name of Registrant as Specified
in Its Charter)
Delaware
(State or Other
Jurisdiction of Incorporation)
0-17321
(Commission
  File Number)
74-2081929
(IRS Employer Identification No.)
722 Burleson Street
Corpus Christi, Texas
78402
(Address of Principal Executive
  Offices)
(Zip Code)
(361) 883-5591
(Registrant's Telephone Number, Including Area Code)
N/A
(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 (
see
General
Instruction A.2. below):
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))
1
ITEM 1.01
ENTRY
INTO A MATERIAL DEFINITIVE AGREEMENT
.
On
March 19, 2008, TOR Minerals International, Inc. (the "Company", "Borrower")
amended its current loan agreement with Bank of America (the "Bank").  Under
the terms of the amendment, the maturity date for the Company's line of credit
was extended from October 1, 2008 to April 1, 2009.  In addition, the following
revisions were made to the existing loan covenants:
1.       
Section 4(B)(i), Borrower's Ratio
of Total Liabilities to Tangible Net Worth has been deleted in its entirety.
2.       
Section 4(B)(ii), Borrower's Ratio
of Current Assets to Current Liabilities has been deleted in its entirety and
replaced with the following:
"
Current Ratio
.  Borrower agrees to maintain,
on a consolidated basis, a ratio of current assets to current liabilities
(including the outstanding principal balance of the Revolving Note) of at least
1.1 to 1.0, calculated as of each March 31, June 30, September 30, and December
31."
3.       
Section 4(B)(iii), Borrower's
Fixed Charge Coverage Ratio, is amended as follows:
"
Fixed Charge Coverage Ratio
.  Borrower agrees
to maintain, on a consolidated basis, a Fixed Charge Coverage Ratio of at least
1.25 to 1.0.  "
Fixed Charge Coverage Ratio
" means the ratio of
(a) the
sum
of EBITDA
minus
the sum of taxes, dividends and
maintenance capital expenditures, to (b) the
sum
of interest expense,
the current portion of long term debt and the current portion of capitalized
lease obligations."
4.       
Section 4(B)(iv), Borrower must
maintain a positive net income, after tax, for the preceding twelve-month
period has been deleted in its entirety.
5.       
Section 4(B)(v), Borrower's Funded
Debt to EBITDA Ratio has been added as follows:
"
Funded Debt to EBITDA Ratio
.  Borrower agrees
that its Funded Debt to EBITDA Ratio, measured on a consolidated basis, will
not exceed 4.50 to 1.0.  This ratio will be calculated at the end of each
reporting period for which Lender requires financial statements from Borrower,
using the results of the twelve-month period ending with that reporting
period.  The current portion of long-term liabilities will be measured as of
the date twelve-months prior to the current financial statements."
ITEM 2.03
CREATION OF A DIRECT
FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF
A REGISTRANT
.
See
our discussion in Item 1.01 with respect to the Company's amended loan
agreement with Bank of America.
2
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
(a)
Financial
  Statements of Businesses Acquired.
Not applicable.
(b)
Pro
  Forma Financial Information.
Not applicable.
(c)
Shell company transaction
Not applicable
(d)
Exhibits.
The following exhibit is furnished in accordance with the provisions of Item
  601 of Regulation S-B:
Exhibit
Number
Description
10.1                         Fifth Amendment to Second Amended and Restated Loan
  Agreement
SIGNATURES
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.
TOR MINERALS INTERNATIONAL, INC.
_____________________
(Registrant)
Date:  March 20, 2008
/s/ STEVEN H. PARKER
Steven H. Parker
Treasurer and CFO
EXHIBIT INDEX
Exhibit No.
Description
10.1
Fifth Amendment to Second
  Amended and Restated Loan Agreement
3