Item 1.01. Entry into a Material Definitive Agreement.

               The L.S. Starrett Company, a Massachusetts corporation (the 

"Company"), Tru-Stone Technologies, Inc., a Delaware corporation ("Tru-Stone"),

Starrett Kinemetric Engineering, Inc., a Delaware

corporation ("Starrett Kinemetric"), Starrett Bytewise Development, Inc., a Delaware

               corporation ("Starrett Bytewise", and together with L.S. 

Starrett, Tru-Stone, Starrett Kinemetric, each a "Borrower" and collectively the

               "Borrowers"), has entered into a material definitive 

agreement with HSBC Bank USA, National Association ("HSBC" or "Lender") comprised of a

$30 million revolving line of credit, a $12.1 million term 

loan and a $7 million capital expenditure draw down credit facility. The facilities

               are secured by a valid first-priority security interest on 

substantially all existing and future assets of the Company and its domestic

               subsidiaries. The Company believes that the agreement 

provides sufficient liquidity and flexibility to support the current and projected

               growth needs of the company.

               The new credit facilities contain financial covenants with 

respect to a minimum fixed charge coverage ratio of 1.00, measured on a trailing

               twelve-month basis, for both the U.S. borrowing companies 

tested quarterly and the Consolidated L.S. Starrett Company tested semi-annually.

               The Loan and Security agreement also contains the customary 

affirmative and negative covenants, including limitations on indebtedness, liens,

               acquisitions, asset dispositions, fundamental corporate 

changes, excess pension contributions, and certain customary events of default. Upon

               the occurrence or continuation of an event of default, the 

Lender may terminate all commitments and facilities, and require the immediate

               payment of the entire unpaid principal balances, accrued 

interest, and all other obligations.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

               To the extent required by Item 2.03 of Form 8-K, the information regarding the Loan and Security Agreement set forth under Item 1.01 of this
               Form 8-K is filed in this Item 2.03.

Item 9.01.     Financial Statements and Exhibits

Exhibit Number Description

10.1             Loan and Security Agreement, dated April 29, 2022, among 

HSBC Bank USA, National Association, The L.S. Starrett Company and the borrowers.

104            Cover Page Interactive Data File (embedded within the Inline XBRL document)


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