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): December 30, 2013
Intermolecular, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware | 001-35348 | 20-1616267 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
3011 N. First Street San Jose, California | 95134 | |
(Address of Principal Executive Offices) | (Zip Code) | |
(408) 582-5700
(Registrant's Telephone Number, Including Area Code)
N/A
(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. below):
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
Amendment to Collaborative Development Program Agreement with First Solar
On December 30, 2013, we agreed to amend the collaborative development program (“CDP”) agreement that we had entered into with First Solar Inc. (“First Solar”) in December 2012 to improve the efficiency of First Solar's CdTe photo-voltaic cell based solar panels. Prior to this amendment, the CDP agreement was amended in February 2013 and in April 2013.
This amendment will be effective as of December 31, 2013, and as amended, in the period of development activities under the CDP from January 1, 2014 through November 30, 2014, our obligation to supply full-time employees or contractors dedicated to supporting the development activities under the CDP has been reduced in exchange for reduced fees in 2014.
The parties have also agreed to modify the structure of the royalties owed by First Solar. First Solar has agreed to pay us volume-based royalties on CDP intellectual property used in First Solar’s CdTe solar panels.
The foregoing description of the amendment does not purport to be complete and is qualified in its entirety by reference to the amendment that will subsequently be filed as an exhibit to our Annual Report on Form 10-K as required by SEC rules.
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.
INTERMOLECULAR, INC. | ||
Date: December 30, 2013 | By: | /s/ DAVID E. LAZOVSKY |
David E. Lazovsky | ||
President and Chief Executive Officer | ||