NEOPHOTONICS CORPORATION (NYSE:NPTN) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On June13, 2017, NeoPhotonics Corporation (the Company), entered
into a Standard Industrial Lease with The Realty Associates Fund
X, L.P. (the Landlord), with an effective date of May26, 2017,
for the lease of approximately 39,314 square feet of office and
manufacturing space located at 2911 Zanker Road, San Jose, CA
(the Facility), which is the location of the Companys principal
offices (the Lease).
Upon commencement of the Lease, the Lease has an initial term
from June1, 2017 through September30, 2027, with a monthly rental
rate of $41,388, escalating annually to a maximum monthly rental
rate of approximately $72,525 in the last year of the initial
term. As of the June1, 2017 commencement date, the Companys
existing office lease for the Facility is terminated and replaced
by the new Lease.
The foregoing summary does not purport to be complete and is
qualified in its entirety by reference to the Lease, which is
attached as Exhibit10.1 hereto and incorporated herein by
reference in its entirety.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN
OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A
REGISTRANT.
The information set forth above and referenced under Item 1.01 is
hereby incorporated by reference into this Item 2.03.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d)Exhibits.
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Exhibit Number |
Description |
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10.1 |
Lease Agreement, dated June13, 2017, by and between |
NEOPHOTONICS CORP ExhibitEX-10.1 2 a17-15429_1ex10d1.htm EX-10.1 Exhibit 10.1 STANDARD INDUSTRIAL LEASE (Multiple Tenant – Tenant Pays its Percentage Share of Operating Expenses,…To view the full exhibit click here About NEOPHOTONICS CORPORATION (NYSE:NPTN)
NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks. Its products are categorized into groups, including High Speed Products and Network Products and Solutions. High Speed Products include products designed for 100G and beyond for telecom and datacenter or content provider networks and applications. Its Network Products and Solutions consist of various products designed for applications below 100G, and include 40G products. It combines its transmitter and receiver products into Transceiver modules.
