GIGAMON INC. (NYSE:GIMO) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
|
Entry into a Material Definitive Agreement.
|
Clara headquarters for an additional 5 years, and secured
additional space adjacent to its headquarters to accommodate
current and future headcount growth.
Delaware limited liability company (SFF Olcott), entered into a
lease agreement (the 3300 Lease Extension) extending the lease of
the Companys headquarters located at 3300 Olcott Street, Santa
Clara, California 95054 totaling approximately 105,664 rentable
square feet. The term of the 3300 Lease Extension commences on
April 1, 2018 for an initial term of approximately sixty-two (62)
months, expiring on May 31, 2023 (such period, the 3300 Term).
The Company has an option to renew the 3300 Lease for an
additional five (5) year term.
SFF Olcott base rent, a management fee, and certain insurance
costs and real property taxes on a monthly basis. The monthly
base rent for the first year of the 3300 Term is $273,173 and
increases by 3% annually. Additionally, the Company is entitled
to a tenant improvement allowance of $2,641,600 available through
March 31, 2021.
Company, a Texas insurance company (ANIC), entered into a lease
agreement (the 3250 Lease) for the lease of office space located
at 3250 Olcott Street, Santa Clara, California 95054 (the 3250
Premises) totaling approximately 45,896 rentable square feet. The
term of the 3250 Lease commences on or about October 1, 2017 for
an initial term of approximately ninety (90) months, expiring on
March 31, 2025, subject to an early termination right effective
at any time after May 31, 2023 (such period, the 3250 Term), the
initial expiration date of the 3300 Lease Extension.
rent and reimburse ANIC for certain costs for insurance and real
property taxes on a monthly basis. The monthly base rent for the
first year of the 3250 Term is $144,572 and increases by 3%
annually. Additionally, the Company is entitled to a tenant
improvement allowance of $2,753,760 for the initial construction
of leasehold improvements in the 3250 Premises. The Company has
an option to renew the 3250 Lease for an additional thirty-eight
(38) month term.
qualified in their entirety by reference to the 3250 Lease and
the 3300 Lease, respectively, each of which will be filed as an
exhibit to the Companys Annual Report on Form 10-K for the fiscal
year ended December 31, 2016.
|
Item 2.03
|
Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
hereby incorporated by reference into this Item 2.03.
About GIGAMON INC. (NYSE:GIMO)
Gigamon Inc. offers solutions that deliver visibility and control of traffic across networks. The Company’s Visibility Fabric solution consists of a distributed system of nodes that enable a level of visibility, modification and control of network traffic. Its GigaSECURE Security Delivery Platform enables the delivery of network, data as a service, for multiple security tools. Its Visibility Fabric solution consists of a distributed system of nodes that enable a level of visibility, modification and control of network traffic. Its GigaSMART platform provides a range of software applications to modify, manipulate, transform, filter, correlate and sample network traffic. The Company’s GigaVUE H Series includes both blade-based modular chassis products, such as the GigaVUE-HC-2, GigaVUE-HD-4, and GigaVUE-HD-8, as well as fixed-configuration appliances, such as the GigaVue-HB-1. It has presence in the United States; Rest of Americas; Europe, Middle East and Africa, and Asia Pacific. GIGAMON INC. (NYSE:GIMO) Recent Trading Information
GIGAMON INC. (NYSE:GIMO) closed its last trading session up +0.60 at 33.40 with 1,061,930 shares trading hands.
