CRA INTERNATIONAL,INC. (NASDAQ:CRAI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On April21, 2017, we amended our lease with 1411 IC-SIC Property
LLC, as landlord, for our office space located at 1411 Broadway,
New York, New York. Under the amendment, we will lease an
additional 16,587 square feet of office space on the buildings
25th floor. The amendment extends the base term of the lease to
run for 11 years after the landlord delivers possession of the
new space, which we expect will occur in our second fiscal
quarter of 2017, and provides for up to an approximately $1.4
million in reimbursements from the landlord for improvements we
make to the new space in the first year. The annual fixed rent
for the new space, exclusive of customary operating costs and
expenses, will be abated in full for the first year, and then
will be $99,522.00 per month, or $1,194,264.00 per annum, for the
next five years, after which it will increase to $107,815.50 per
month, or $1,293,786.00 per annum, for the remainder of the
leases new base term. The annual fixed rent for the 25,261 square
feet of office space we currently lease on the 35th floor of the
building, exclusive of customary operating costs and expenses,
for the period running from June1, 2026, the original end of the
leases base term, through the new end of the leases base term
will be $166,301.58 per month, or $1,995,619.00 per annum.
Subject to certain conditions, the new base term of the lease
will be extendible by us, but only as to all of the office space
rented under it, for one five-year period. The performance of our
obligations under the amended lease will be secured by an
approximately $1.3 million letter of credit.
A copy of the lease amendment is attached as Exhibit10.1 to this
current report on Form8-K and is incorporated herein by
reference.
Item 9.01. Financial Statements and
Exhibits.
(d) Exhibits
|
Number |
|
Title |
|
10.1 |
First Amendment to Lease dated April21, 2017 by and between |
About CRA INTERNATIONAL, INC. (NASDAQ:CRAI)
CRA International, Inc. is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer Pricing. It offers management consulting in the areas, including Auctions & Competitive Bidding; Corporate & Business Strategy; Enterprise Risk Management; Environmental & Energy Strategy; Intellectual Property & Technology Management; Organization & Performance Improvement, and Transaction Advisory Services. CRA INTERNATIONAL, INC. (NASDAQ:CRAI) Recent Trading Information
CRA INTERNATIONAL, INC. (NASDAQ:CRAI) closed its last trading session up +1.35 at 37.88 with 66,897 shares trading hands.