UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 23, 2011
Qlik Technologies Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-34803 | 20-1643718 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
150 N. Radnor Chester Road Suite E220 Radnor, Pennsylvania |
19087 |
|
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (888) 828-9768
Not Applicable
(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:
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.
On June 23, 2011, QlikTech International AB (QlikTech AB), a wholly owned subsidiary of Qlik
Technologies Inc. (the Company), and Fastighets AB Remulus Lund 3 (the Landlord) entered into
two lease agreements (the Lease Agreements) for an aggregate of approximately 11,253 square
meters of office space and designated parking spaces located in the Ideon Science Park in Lund,
Sweden (the Property). The Lease Agreements supersede and replace in their entirety the lease
agreements transferred from Sony Ericsson Mobile Communications AB (SEMC) to QlikTech AB on
December 29, 2010, as disclosed in the Companys Current Report on Form 8-K filed with the
Securities and Exchange Commission on January 4, 2011 (the Prior 8-K).
The Company expects that the Property will continue to serve as its primary research and
development center. Both Lease Agreements expire on April 30, 2019. Each Lease Agreement will
automatically renew upon expiration for additional three year terms unless either party provides
written notice to the other of such partys desire to not renew the applicable lease at least 12
months prior to the end of the respective term. The Lease Agreements provide for the payment of
annual base rent in the amount of 20,797,726 Swedish kronor
(approximately $3,265,243 based on
an assumed exchange rate of approximately 0.16 as of June 23, 2011), subject to annual increases.
In addition to the base rent, QlikTech AB is required to pay to the Landlord certain operating
expenses and other fees in accordance with the terms of the Lease Agreements. The Lease Agreements
contain customary representations and covenants regarding occupancy, maintenance and care of the
Property.
As disclosed in the Prior 8-K, in consideration for QlikTech ABs assumption of SEMCs obligations
under the previously transferred lease agreements, SEMC has agreed to pay QlikTech AB 26,000,000
Swedish kronor (approximately $3,799,692 based on an assumed exchange rate of approximately 0.15 as
of December 29, 2010), exclusive of value added tax, which will be offset by 7,250,000 Swedish
kronor (approximately $1,059,530 based on an assumed exchange rate of approximately 0.15 as of
December 29, 2010), exclusive of value added tax, which QlikTech AB has agreed to pay SEMC for
certain personal property, furniture and fixtures located at the Property. The net amount is
scheduled to be paid by SEMC by July 1, 2011 following a receipt of an invoice from QlikTech AB.
A copy of the Lease Agreements will be filed as an exhibit to the Companys quarterly report on
Form 10-Q for the quarter ending June 30, 2011. The foregoing description of the Lease Agreements
is qualified in its entirety by reference to the full text of such documents.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
QLIK TECHNOLOGIES INC. |
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By: | /s/ WILLIAM G. SORENSON | |||
Name: | William G. Sorenson | |||
Title: | Chief Financial Officer, Secretary and Treasurer | |||
Dated: June 29, 2011