Attached files
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EX-10.1 - LEASE AGREEMENT - AutoWeb, Inc. | ex10-1.htm |
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 11,
2020
AutoWeb, Inc.
(Exact name of registrant as specified in its charter)
Delaware
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1-34761
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33-0711569
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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400 North Ashley Drive, Suite 300
Tampa, Florida 33602-4314
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(Address
of principal executive offices) (Zip Code)
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(949) 225-4500
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:
☐
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the
Act:
Title of each class
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Trading Symbol
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Name of each exchange on which registered
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Common Stock, par value $0.001 per share
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AUTO
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The Nasdaq Capital Market
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Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this
chapter).
Emerging
growth company
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☐
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If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act.
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☐
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Item 1.01 Entry into a Material Definitive
Agreement.
On
March 11, 2020, AutoWeb, Inc., a Delaware corporation
(“Company”),
entered into a Lease Agreement (“Lease”) with The Irvine Company
LLC, a Delaware limited liability company, pursuant to which the
Company will lease approximately 12,000 square feet of office space
located in Irvine, California (“Premises”).
The
term of the Lease will commence on or about August 1, 2020, upon
completion of tenant improvements to the Premises and shall
continue for a period of approximately five years, unless earlier
terminated in accordance with the terms of the Lease
(“Lease Term”).
The Company has the option to extend the Lease Term for one
additional period of five years. The monthly base rent for the
Premises will be approximately $23,500 per month and is subject to
annual increases of approximately 4.6%. In addition, the Company will be
required pay its proportionate share of building and common area
operating expenses.
The new
office space will replace the Company’s current approximately
39,361 square feet of office space in Irvine, California, the lease
for which expires July 31, 2020.
The
foregoing description of the terms of the Lease does not purport to
be complete and is qualified in its entirety by reference to the
full text of the Lease, which is filed as Exhibit 10.1 to this
Current Report on Form 8-K and is hereby incorporated by
reference.
Item
9.01 Financial
Statements and Exhibits.
(d)
Exhibits
Lease Agreement by
and among The Irvine Company LLC, as Landlord, and AutoWeb, Inc.,
as Tenant, dated March 11, 2020.
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.
Date:
March 16, 2020
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AUTOWEB,
INC.
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By:
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/s/ Glenn E.
Fuller
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Glenn
E. Fuller, Executive Vice
President,
Chief Legal Officer and Secretary
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