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<P ALIGN="CENTER">UNITED STATES</P>


<FONT SIZE=4><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>


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<P ALIGN="CENTER">Washington, D.C. 20549</P>


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<B><FONT SIZE=5><P ALIGN="CENTER">Form 8-K</P>


</B></FONT><P ALIGN="CENTER"></P>


<B><FONT SIZE=5><P ALIGN="CENTER">Current Report</FONT><FONT SIZE=4> </P>


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</FONT><P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>


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</B><P ALIGN="CENTER">Date of Report<B> </B>(Date of earliest event reported):<B>  March 10, 2005</P>


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<FONT SIZE=1><P>&nbsp;</FONT><FONT FACE="Arial Unicode MS,MS Mincho" SIZE=1> </P>


</FONT><B><FONT SIZE=6><P ALIGN="CENTER">Staktek Holdings, Inc. </P>


</FONT><FONT SIZE=1><P ALIGN="CENTER">(Exact name of registrant as specified in its charter) </P>


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<B><P ALIGN="CENTER">000-50553</P>


</B><P ALIGN="CENTER">(<FONT SIZE=2>Commission File Number</FONT>)</P>


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<P>&#9;<B>Delaware</B>&#9;&#9;&#9;&#9;&#9;&#9;&#9;<B>56-2354935</P>


</B><P>&#9;<FONT SIZE=2>(State or other jurisdiction of &#9;&#9;&#9;&#9;(I.R.S. Employer Identification No.)</P>


<P>&#9; incorporation)</P>


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<B><P ALIGN="CENTER">8900 Shoal Creek Blvd, Suite 125 </P>


<P ALIGN="CENTER">Austin, Texas 78757</P>


</B><FONT SIZE=2><P ALIGN="CENTER">(Address of principal executive offices, with zip code)</P>


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<B><P ALIGN="CENTER">(512) 454-9531</P>


</B><FONT SIZE=2><P ALIGN="CENTER">(Registrant's telephone number, including area code)</P>


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</FONT><P ALIGN="CENTER">&nbsp;</P>


<FONT SIZE=3><P>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><DIR>


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</FONT><P><FONT SIZE=3>&#9;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>


</FONT><P><FONT SIZE=3>&#9;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>


</FONT><P><FONT SIZE=3>&#9;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>


</FONT><P><FONT SIZE=3>&#9;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>


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<B><P>Item 1.01 Entry into a Material Definitive Agreement. </P>


</B><P>&nbsp;</P>


<FONT SIZE=2><P>&#9;Effective March 10, 2005, the Company entered into an unsecured revolving credit agreement with Guaranty Bank, pursuant to which the Company can borrow up to $20 million at any given time for a one-year term (the &quot;Credit Agreement&quot;).  The Credit Agreement is guaranteed by Staktek Group L.P.  Other than nominal closing costs associated with implementing the agreement, there are no ongoing fees associated with this Credit Agreement unless and until the Company borrows under the Credit Agreement.  The interest rate is dependent upon the amount of cash or liquid investments that the Company has on deposit with Guaranty Bank, and the Company is required to maintain at least $5 million on deposit during the term of this agreement.  The Company made customary representations and warranties, and is subject to customary covenants while this Credit Agreement is in place.     </P>


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<B><P>Item 2.03  Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</P>





<P>&#9;</B><FONT SIZE=2>See Item 1.01 above.</P>


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</B><P ALIGN="JUSTIFY">&nbsp;</P>


<B><P ALIGN="CENTER">&nbsp;</P>


<P ALIGN="CENTER">SIGNATURES</P>


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<P>&#9;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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<B><P>&#9;&#9;&#9;&#9;&#9;          STAKTEK HOLDINGS, INC.</P>


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<P>Date:  March 11, 2005&#9;By:<U>    /s/ <FONT SIZE=3>W. Kirk Patterson</FONT>&#9;&#9;&#9;</P><DIR>





</U><P>W. Kirk Patterson</P>


<P> Vice President Finance and </P>


<P> Chief Financial Officer</P>


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{"company-data": {"conformed-name": "STAKTEK HOLDINGS INC", "cik": "0000866830", "assigned-sic": "3674", "irs-number": "562354935", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50553", "film-number": "05675604"}, "business-address": {"street1": "8900 SHOAL CREEK BLVD SUITE 125", "city": "AUSTIN", "state": "TX", "zip": "78757", "phone": "5124549531"}, "mail-address": {"street1": "8900 SHOAL CREEK BLVD SUITE 125", "city": "AUSTIN", "state": "TX", "zip": "78757"}}
UNITED STATES
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 10, 2005
Staktek Holdings, Inc.
(Exact name of registrant as specified in its charter)
000-50553
(
Commission File Number
)
Delaware
56-2354935
(State or other jurisdiction of 				(I.R.S. Employer Identification No.)
incorporation)
8900 Shoal Creek Blvd, Suite 125
Austin, Texas 78757
(Address of principal executive offices, with zip code)
(512) 454-9531
(Registrant's telephone number, including area code)
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))
Item 1.01 Entry into a Material Definitive Agreement.
Effective March 10, 2005, the Company entered into an unsecured revolving credit agreement with Guaranty Bank, pursuant to which the Company can borrow up to $20 million at any given time for a one-year term (the "Credit Agreement").  The Credit Agreement is guaranteed by Staktek Group L.P.  Other than nominal closing costs associated with implementing the agreement, there are no ongoing fees associated with this Credit Agreement unless and until the Company borrows under the Credit Agreement.  The interest rate is dependent upon the amount of cash or liquid investments that the Company has on deposit with Guaranty Bank, and the Company is required to maintain at least $5 million on deposit during the term of this agreement.  The Company made customary representations and warranties, and is subject to customary covenants while this Credit Agreement is in place.
Item 2.03  Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
See Item 1.01 above.
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.
STAKTEK HOLDINGS, INC.
Date:  March 11, 2005	By:
/s/
W. Kirk Patterson
W. Kirk Patterson
Vice President Finance and
Chief Financial Officer