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CRA INTERNATIONAL,INC. (NASDAQ:CRAI) Files An 8-K Entry into a Material Definitive Agreement

CRA INTERNATIONAL,INC. (NASDAQ:CRAI) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.

In connection with the need for additional office space as a result of recent recruitment efforts, on November21, 2017, we, as guarantor, and our wholly owned UK subsidiary CRA International (UK) Limited (together with CRA International,Inc., “CRA”), as tenant, entered into an Agreement for Lease for new office space in London, UK with Mitsubishi Estate London Limited, as landlord (the “Agreement for Lease”). Under the Agreement for Lease, our UK subsidiary will lease (the “Lease”) part of the third floor of the office building located at 8 Finsbury Circus in London, subject to certain works being completed by the landlord and the entry into additional related documentation. Following an initial rent-free period, annual fixed rent for the office space will be determined based on an official measurement of the space, but not to exceed £497,128.05, which our UK subsidiary will begin paying 20 months following entry into the Lease (excluding insurance costs, VAT and other customary operating costs and expenses for which our UK subsidiary will be responsible). The rent under the Lease is subject to increase every five years, based on rental market conditions at that time. The landlord has agreed to pay to our UK subsidiary an aggregate amount to be determined based on an official measurement of the space, plus VAT, to cover costs incurred by our UK subsidiary in connection with the installation of carpets in the leased property. The Lease expires on May19, 2031.

Also in connection with our recruitment activities, we and our UK subsidiary entered into a Transaction Agreement on November20, 2017 with IMSWorld Publications Ltd.,IMS Health Technology Solutions Norway AS,IMS Health GmbH& Co. OHG and IQVIA Inc. (collectively, “QuintilesIMS”), and five former QuintilesIMS employees now employed by CRA: Joanne Clark, Walter Colasante, Eva Marchese, Carla Niven and Andras Ruppert (the “Former Employees,” and such agreement, the “Transaction Agreement”). to the Transaction Agreement, the parties agreed to certain terms and conditions relating to the Former Employees’ employment agreements with QuintilesIMS, including, among other things, the modification of certain employment restrictions and the treatment of ongoing confidentiality obligations relating to the Former Employees, and to settle certain claims among the parties to the agreement. CRA has paid QuintilesIMS under the Transaction Agreement consideration in the aggregate amount of $5,840,000.

Copies of the Agreement for Lease and the Transaction Agreement are attached as Exhibits 10.1 and 10.2, respectively, to this current report on Form8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Number

Title

10.1

Agreement for Lease dated November21, 2017 by and among Mitsubishi Estate London Limited, CRA International (UK) Limited and CRA International,Inc.

10.2

Transaction Agreement dated November20, 2017 by and among IMSWorld Publications Ltd.,IMS Health Technology Solutions Norway AS,IMS Health GmbH& Co. OHG,IQVIA Inc., CRA International,Inc., CRA International (UK) Limited and the Former Employees

CRA INTERNATIONAL, INC. ExhibitEX-10.1 2 a17-27548_1ex10d1.htm EX-10.1 Exhibit 10.1     DATE:     21 NOVEMBER 2017     AGREEMENT FOR LEASE RELATING TO PART THIRD FLOOR,…To view the full exhibit click here
About CRA INTERNATIONAL,INC. (NASDAQ:CRAI)
CRA International, Inc. is a global consulting firm. The Company provides economic, financial and management consulting services. It operates in two segments: consulting services and NeuCo. It offers consulting services in areas, including litigation, regulatory and financial consulting, and management consulting. It provides consulting services to corporate clients and attorneys in a range of litigation and regulatory proceedings, providing research and analysis, testimony, and support in all areas of finance, accounting, economics, insurance, and forensic accounting and investigations. It offers law firms, businesses, and government agencies services related to class certification, damages analysis, expert reports and testimony, regulatory analysis, strategy development, valuation of tangible and intangible assets, risk management and transaction support. Its subsidiary, NeuCo, Inc. develops and markets a family of neural network software tools and application consulting services.

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