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 31, 2019
Bill.com Holdings, Inc.
(Exact name of Registrant as specified in its charter)
| Delaware | 001-39149 | 83-2661725 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1810 Embarcadero Road
Palo Alto, California 94303
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (650) 621-7700
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):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
| Common Stock, par value $0.00001 | BILL | The New York Stock Exchange |
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 ☒
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. ☐
| Item 1.01 | Entry into a Material Definitive Agreement. |
Bill.com, LLC (the “Tenant”), a subsidiary of Bill.com Holdings, Inc. (the “Company”) entered into a lease agreement (the “Lease”) with US ER America Center 4, LLC (“Landlord”), effective as of December 31, 2019, for the lease of approximately 131,801 square feet of office space located at 6220 America Center Drive, San Jose, California, for the Company’s future principal executive offices. The commencement date of the Lease is expected to be on or about May 1, 2020 (the “Commencement Date”) and the Lease will expire at midnight on April 30, 2031, unless terminated earlier (the “Term”). The minimum rent payable under the Lease will be approximately $494,254 per month, beginning on May 1, 2020, which amount will increase by 3% per year over the Term, subject to abatement in the first year. The Tenant will also be responsible for the payment of additional rent to cover Tenant’s share of the annual operating and tax expenses and utilities costs for the building.
The foregoing description of the Lease does not purport to be complete and is qualified in its entirety by reference to the full text of the Lease, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2019.
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.
| BILL.COM HOLDINGS, INC. | ||||||
| Date: January 6, 2020 | By: | /s/ Raj Aji | ||||
| Raj Aji | ||||||
| General Counsel, Chief Compliance Officer and Secretary | ||||||