Symyx Technologies 8-K 2005
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: November 15, 2005
(Date of Earliest Event Reported): November 10, 2005
SYMYX TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Its Charter)
(Registrants Telephone Number, Including Area Code)
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement
On November 10, 2005, the lease agreement by and between the Registrant (Tenant) and Oakmead Ventures LLC (Landlord), a California Limited Liability Company, became effective (the Agreement). Under the terms of the Agreement, Tenant will have the right to occupy the premises located at 415 Oakmead Parkway, Sunnyvale, California. The lease term will be 10 years commencing upon December 1, 2005 and ending November 15, 2015. Under the terms of the Agreement, the Registrant will initially have the right to occupy approximately 30,000 square feet of space known as Suite 415A Oakmead Parkway and then on June 1, 2007 Tenant will have the right to occupy approximately 60,000 square feet, known as Suites 415A and 415B Oakmead Parkway, for the remainder of the lease term.
The Registrant is obligated to pay certain expenses and to make minimum lease payments of approximately $5.5 million over the next 10 years, comprised of $21,600 per month through April 30, 2007, increasing thereafter (with the expanded square footage) to $45,000 per month augmented 3% annually thereafter starting June 1, 2008.
A copy of the lease agreement is attached as Exhibit 10.19 to this Current Report on Form 8-K.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under Off-Balance Sheet Arrangement of a Registrant
Under the lease agreement discussed in Item 1.01, the Registrant will be obligated to pay the Landlord minimum lease payment totaling approximately $5.5 million over the 10 year lease term commencing December 1, 2005, as described in further detail under Item 1.01 of this Current Report.
Item 9.01. Financial Statements and Exhibits
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.