Riverbed Technology 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 2, 2012
RIVERBED TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
199 Fremont Street
San Francisco, CA 94105
(Address of principal executive offices, including zip code)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
On February 2, 2012, Riverbed Technology, Inc. (Riverbed) entered into a lease agreement (the Lease) with 680 Folsom Owner LLC (the Landlord), pursuant to which Riverbed will lease a total of approximately 167,788 square feet of office space on five floors located at 680 Folsom Street, San Francisco, California 94107 (the Premises). Following the completion of certain construction by the Landlord and Riverbed, anticipated to be completed by August 2014, Riverbed intends to use the Premises as its new worldwide corporate headquarters.
The initial term of the Lease is 10 years. Riverbed has the option to extend the initial term of the Lease for up to two terms, each for an additional five year period. Riverbed also has certain rights of first offer with respect to leasing additional space within the building.
The base annual rent for the Premises will range from approximately $8.4 million to $9.0 million during the initial term of the Lease, none of which is expected to be due until construction has been completed and Riverbed has occupied the Premises. In addition to the base rent, the Company will be responsible for payment of certain operating expenses, including utilities and real estate taxes.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.