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):  January 7, 2011

 


 

PC Mall, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

000-25790

 

95-4518700

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

2555 West 190th Street, Suite 201

Torrance, California 90504

(Address of principal executive offices)(zip code)

 

(310) 354-5600

(Registrant’s telephone number, including area code)

 

 

(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.):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            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 January 7, 2011, we entered into an agreement with Citibank N.A. (“Citibank” or “Seller”) to purchase real property located in El Segundo, California, comprising of approximately 82,000 square feet of office space, for a total purchase price of $9,750,000 in cash. Under the terms of the agreement, we have delivered a refundable deposit in the amount of $500,000, which is refundable with interest in the event we notify Seller that we are electing not to pursue the purchase of the property because any of certain contingencies provided in the agreement have not been satisfied. Such contingencies include: a) by February 7, 2011, we must receive a binding loan commitment to finance the purchase of the real property on terms acceptable to us; b) by February 7, 2011, we must receive approval of the agreement and the transactions contemplated by the agreement from our board of directors; and c) until January 21, 2011, we are entitled to terminate the agreement at any time for any or no reason while we conduct due diligence related to the property purchase. In the event we fail to provide Seller with written notice that any of the described contingencies have not been satisfied within the prescribed time periods, the applicable contingency will be deemed to have been satisfied. If all of the described contingencies are satisfied or are deemed to have been satisfied, the obligation to purchase the property on the terms provided in the agreement will become final and binding upon us.

 

This new office space, if acquired, would serve as our new corporate headquarters, replacing our current headquarters located in Torrance, California, for which we are currently subject to a lease, which will terminate on September 30, 2011 if not renewed by us under our three year renewal option under the lease.

 



 

SIGNATURE

 

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.

 

 

 

PC MALL, INC.

 

 

 

 

 

By:

/s/ Brandon H. LaVerne

 

Name:

Brandon H. LaVerne

 

Title:

Chief Financial Officer

 

 

Dated:  January 13, 2011