Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT - IntraLinks Holdings, Inc. | leaseterminationagreements.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) September 30, 2014
INTRALINKS HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-34832 | 20-8915510 | ||
(State or other jurisdiction of incorporation) | (Commission File No.) | (IRS Identification No.) | ||
150 East 42nd Street, 8th Floor, New York, NY | 10017 | |||
(Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code | (212) 543-7700 | |||
(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 communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communication 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 September 30, 2014, Intralinks Holdings, Inc. (the “Company”) entered into a third amendment to its lease (the “Amendment”) with Schrafft Center LLC (the “Landlord”), which amends the Lease Agreement, dated July 15, 2008, by and between the Company and the Landlord (as amended and supplemented to date, the “Lease”). The Amendment provides that as of December 31, 2014 (the “Effective Date”), the Lease will terminate in its entirety, including with respect to all remaining space leased by the Company in the building located at 529 Main Street, Charlestown, Massachusetts (the “Charlestown Premises”). The Effective Date is one year earlier than the lease expiration date initially contemplated in the Lease, which was December 31, 2015.
The Amendment requires the Company to pay (i) a termination fee equal to $373,829.84 to the Landlord in two equal installments, the first of which must be paid within five business days of the execution of the Amendment and the second of which must be paid by March 1, 2015, and (ii) monthly rent for the months of October, November and December 2014 of $46,196.07 per month, which must be paid on the first day of each applicable month. As a result of the Amendment, the Company will save approximately $164,000 relative to the aggregate rental payments that would have been due through December 31, 2015.
As previously disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on March 13, 2014, the Company entered into a lease dated as of March 3, 2014 with 404 Wyman LLC to lease 51,325 square feet of office space located at 404 Wyman Street, Suite 1000, Waltham, Massachusetts (the “Waltham Premises”). The Company believes that its principal executive office located in New York, New York, the Waltham Premises and the Company’s satellite offices for sales and service activities inside the United States and abroad provide adequate space to meet the Company’s current needs.
The foregoing summary of the Amendment does not purport to be complete and is qualified in its entirety to the full text of the Amendment, which is attached to this Current Report on Form 8-K as Exhibit 10.1, and incorporated in its entirety into this Item 1.01 by reference.
Forward-Looking Statement Safe Harbor
Some of the statements in this Current Report on Form 8-K constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, expected savings from the Amendment and our belief that our current office space is adequate for our current needs and are based on our current expectations, estimates and projections. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “goals,” “in our view” and similar expressions are used to identify these forward-looking statements. Forward-looking statements are only predictions and, as such, are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Many of the reasons for these differences include changes that occur in our continually changing business environment and other important factors. These risks, uncertainties and other factors are more fully described under the heading "Risk Factors" in Item 1A of Part I of our Annual Report on Form 10-K for the fiscal year ended December 31, 2013, filed with the SEC, on March 13, 2014. You are strongly encouraged to read those sections carefully as the occurrence of the events described therein and elsewhere in this report could materially harm our business. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements. Also, these statements speak only as of the date they were made and, except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Item 9.01 Financial Statements and Exhibits.
(d) | Exhibits: | |||
10.1 | Third Amendment to Lease, dated as of September 30, 2014, by and among the Intralinks Holdings, Inc. and Schrafft Center LLC. | |||
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.
Dated: October 2, 2014
INTRALINKS HOLDINGS, INC.
By: /s/ Derek Irwin
Derek Irwin
Chief Financial Officer
EXHIBIT INDEX
Exhibit | |
Number | Description |
10.1 | Third Amendment to Lease, dated as of September 30, 2014, by and among the Intralinks Holdings, Inc. and Schrafft Center LLC. |