As of October 30, 2009, Hurco Companies Inc. and JPMorgan Chase Bank, N.A. entered into a first amendment to the outstanding credit agreement, dated as of December 7, 2007, between the company and Chase. Prior to the effectiveness of the amendment, the U.S. credit agreement provided to the company a $30 million unsecured revolving credit and letter of credit facility, and a separate letter of credit facility in the amount of TWD 100 million. Pursuant to the amendment, the maximum available credit under the U.S. Facility is reduced to $15 million, and the maximum amount of outstanding letters of credit under the U.S. Facility is set at $3 million. The amendment does not change the scheduled maturity date of the U.S. Facility, which remains December 7, 2012. The Taiwan facility remains an uncommitted demand credit facility, and the amount of available credit under the Taiwan Facility is not changed by the amendment. Borrowings under the U.S. facility will bear interest at a LIBOR-based rate or a floating rate based on the prime rate of Chase, in each case, plus an applicable margin. The amendment provides that the floating rate will not be less than a one month LIBOR-based rate plus 2.50% per annum. The amendment changes the method by which the applicable margins are determined.

Hurco Companies Inc. announced that James D. Fabris, will resign from his positions as President and Chief Operating Officer of the company effective October 31, 2009, to pursue other interests. The company expects that, for the foreseeable future, the functions previously performed by Mr. Fabris will be performed by Michael Doar, the company's Chairman and Chief Executive Officer.

Hurco Companies Inc. announced earnings result for the third quarter ended July 31, 2009. For the quarter, the company reported net loss was $1.23 million, up/down from $5.83 million net income for the same quarter the previous year (2007-2008).