FORMFACTOR, INC. (NASDAQ:FORM) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On December 19, 2016, FormFactor, Inc. (the Company) entered into
a Second Amendment (the Second Amendment) to its Lease Agreement
dated October 5, 2004 with MOHR PCC, LP (the Landlord), as the
successor-in-interest to Greenville Investors, L.P., under which
the Company agreed to extend the term of its lease of Pacific
Corporate Center (the Center) Building 6, located at 7501
Lawrence Drive, Livermore, California, to December 31, 2027.
Also on December 19, 2016, the Company entered into a Third
Amendment (the Third Amendment) to its Lease Agreement dated May
3, 2001 with the Landlord, as the successor-in-interest to
Greenville Investors, L.P., under which the Company agreed to
extend the term of its lease of the Center Building 1, located at
7005 South Front Road, Livermore, California; Building 2, located
at 7401 Longard Road, Livermore, California; and Building 3,
located at 501 Lawrence Drive, Livermore, California, to December
31, 2027, subject to the Companys option to terminate early the
leases of Building 1 and Building 2 beginning December 31, 2024
by providing twelve month notice and payment of a termination fee
to the Landlord.
It is a condition precedent to the effectiveness of the Second
Amendment and the Third Amendment that the Landlord purchase fee
simple title to the Center on or before December 31, 2016. The
monthly base rent payments set by the Second Amendment and Third
Amendment will commence on January 1, 2017 and increase yearly
thereafter through December 31, 2027.
The above summaries of the Second Amendment and Third Amendment
are qualified in their entirety by reference to the terms and
provisions of each agreement, which are attached hereto as
Exhibit 10.1 and 10.2, respectively, and are incorporated herein
by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following items are filed as an exhibit to this Current
Report on Form 8-K:
| Exhibit No. | Description | |
| 10.1 |
Second Amendment, dated December 19, 2016, between FormFactor, Inc. and MOHR PCC, LP, to Pacific Corporate Center Lease, dated October 5, 2004, by and between Greenville Investors, L.P. and FormFactor, Inc. |
|
| 10.2 |
Third Amendment, dated December 19, 2016, between FormFactor, Inc. and MOHR PCC, LP, to Pacific Corporate Center Lease, dated May 3, 2001, by and between Greenville Investors, L.P. and FormFactor, Inc. |
About FORMFACTOR, INC. (NASDAQ:FORM)
FormFactor, Inc. designs, develops, manufactures, sells and supports semiconductor probe card products. The Company is a supplier of probe cards to the manufacturers of dynamic random-access memory (DRAM), flash memory devices, microprocessor, chipset and other system on chip (SoC) devices. Semiconductor manufacturers use its probe cards to perform wafer test, which is the testing of the semiconductor die, or chips. The Company’s products utilize a range of technologies, including micro-electromechanical systems (MEMS) technologies, automation systems, various product architectures and design tools. Its MEMS technologies enable manufacturing of multi-material composite spring-like electrically-conductive contact elements. These contact elements, such as its MicroSpring contacts, optimize the relative amounts of force on, and across, a chip’s bond pad, solder bump or copper pillar during the test process, and maintain their shape and position over a range of compression. FORMFACTOR, INC. (NASDAQ:FORM) Recent Trading Information
FORMFACTOR, INC. (NASDAQ:FORM) closed its last trading session up +0.25 at 11.60 with 161,855 shares trading hands.
