MELLANOX TECHNOLOGIES, LTD. (NASDAQ:MLNX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry Into a Definitive Agreement.
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(collectively, the Company) entered into a lease agreement (the
Lease Agreement) with Rubinstein Buildings Ltd. (the Landlord)
for the lease of up to 18,760 square meters of office space, plus
utility areas and up to 350 parking spaces, in a building under
construction managed by the Landlord located in the Itzhak Sade
Park in downtown Tel-Aviv, Israel (the Premises). The Company
plans to relocate its Tel-Aviv offices to the Premises, once
construction is complete and the lease in its current office
space expires on or about the end of 2021.
by July 1, 2020 (the Transfer of Possession Date) for tenant
improvements. The term of the lease is 10 years, commencing at
the end of 12 months from the Transfer of Possession Date, or by
July 1, 2021. The Company has an option to extend the lease term
up to 10 years after the end of the original lease term.
defined above) will be NIS 52 for each square meter of the leased
office space and NIS 800 for each parking space. In accordance
with the terms of the Lease Agreement, the base rental rate to be
paid by the Company for the Premises will be subject to
adjustment based on changes in the local consumer price index.
The Company has the rights to reduce the size of the leased
office space by up to approximately 8,700 square meters (along
with a proportionate number of parking spaces), provided that it
provides written notice to the Landlord no later than December
31, 2018.
Lease Agreement and is qualified in its entirety by reference to
the full text of the Lease Agreement, which will be filed as an
exhibit to the Companys Quarterly Report on Form 10-Q for the
period ended March 31, 2017.
About MELLANOX TECHNOLOGIES, LTD. (NASDAQ:MLNX)
Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company designs, manufactures and sells interconnect products and solutions primarily based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems. It operates its business across the globe and offers products to customers at various levels of integration. The products it offers include integrated circuits (ICs), adapter cards, switch systems, cables, modules, software, services and accessories as an integral part of networking solution focused on computing, storage and communication applications used in multiple markets, including high-performance computing (HPC), Web 2.0, storage, financial services, enterprise data center (EDC) and cloud. MELLANOX TECHNOLOGIES, LTD. (NASDAQ:MLNX) Recent Trading Information
MELLANOX TECHNOLOGIES, LTD. (NASDAQ:MLNX) closed its last trading session up +0.05 at 51.85 with 414,678 shares trading hands.
