DORMAN PRODUCTS, INC. (DORM) Files An 8-K Entry into a Material Definitive Agreement
Item1.01. Entry into a Material Definitive Agreement.
On November14, 2016, Dorman Products, Inc. (the Company), to a
written notice (the Renewal Notice), exercised its option (the
Renewal Option) to extend the term of its real estate lease
between the Company and BREP I (the Lease) for the Companys
principle corporate offices located at 3400 East Walnut Street,
Colmar, PA. In exercising the Renewal Option, the Company
extended the term of the Lease for an additional five (5)year
period. The five (5)year renewal term will commence on January1,
2018 and expire on December31, 2022, unless terminated in
accordance with its terms. All terms and conditions contained in
the Lease will continue to apply during the five (5)year renewal
term. The approximate amount of rent expected to be paid over the
life of the five (5)year renewal term is $8 million. The Renewal
Notice is attached hereto as Exhibit 10.1 and incorporated herein
by reference.
BREP I is a limited partnership of which Steven Berman, the
Companys Executive Chairman, and his family members are partners.
For additional information regarding the Lease, please see the
Companys Current Report on Form 8-K filed on November16, 2012 and
the Companys Annual Report on Form 10-K for the fiscal year ended
December26, 2015 filed on February23, 2016.
Item2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The information included in Item1.01 above of this Current Report
on Form 8-K is incorporated into this Item2.03 of this Current
Report on Form 8-K.
Item9.01 Financial Statements and Exhibits.
| Exhibit Number | Description | |
| 10.1 | Renewal Notice, dated November14, 2016 |
About DORMAN PRODUCTS, INC. (DORM)
