Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - Point.360 | v419152_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) August 24, 2015
| Point.360 | ||
| (Exact name of registrant as specified in its charter) |
| California | 0-21917 | 01-0893376 | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
|
2701 Media Center Drive Los Angeles, California |
90065 | |||
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (818) 565-1400
| 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:
| 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. |
See the discussion in Item 2.03 below, which is incorporated herein by reference.
| Item 2.03. | CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT |
On August 24, 2015, Point.360 entered into a Lease Agreement (the “Lease Agreement”) with Walton Empire Center V, L.L.C. whereby Point.360 leased approximately 38,000 square feet of office space in Burbank, CA. The Lease Agreement provides for rental payments totaling approximately $3 million from July 1, 2015 through June 30, 2017. The Lease Agreement contains four options to extend the term for six months each upon 12 months notice for each period.
| Item 9.01. | FINANCIAL STATEMENTS AND EXHIBITS |
10.1 Lease Agreement effective as of July 1, 2015 (entered into August 24, 2015) between Point.360 and Walton Empire Center V, L.L.C.
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.
| Point.360 | |||
| August 26, 2015 | By: | /s/ Alan R. Steel | |
| Name: | Alan R. Steel | ||
| Title: | Executive Vice President | ||
| Finance and Administration Chief Financial Officer | |||
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