-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C8dAagbY1ypOHZVx7AdP08rURBTQp1d6oqfMH9ddv3YndFqHnGJivImHiYXfzdXk IJtqu66GLiFyeTih6LCWKA== 0001193125-08-132021.txt : 20080611 0001193125-08-132021.hdr.sgml : 20080611 20080611161854 ACCESSION NUMBER: 0001193125-08-132021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080605 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20080611 DATE AS OF CHANGE: 20080611 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERISIGN INC/CA CENTRAL INDEX KEY: 0001014473 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 943221585 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23593 FILM NUMBER: 08893422 BUSINESS ADDRESS: STREET 1: 487 EAST MIDDLEFIELD ROAD STREET 2: ATTN: GENERAL COUNSEL CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 6509617500 MAIL ADDRESS: STREET 1: 487 EAST MIDDLEFIELD ROAD STREET 2: ATTN: GENERAL COUNSEL CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 5, 2008

 

 

VERISIGN, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

(State or Other Jurisdiction of

Incorporation)

 

000-23593   94-3221585

(Commission

File Number)

 

(IRS Employer

Identification No.)

487 East Middlefield Road, Mountain View, CA   94043
(Address of Principal Executive Offices)   (Zip Code)

(650) 961-7500

(Registrant’s 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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ 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 June 5, 2008, VeriSign, Inc. (the “Company”), through a wholly owned special purpose entity (the “Seller”), and PR III Middlefield Road, LLC (the “Purchaser”) entered into a purchase and sale agreement (the “Sale Agreement”) with respect to the Company’s facilities at 675 East Middlefield Rd., and 685 East Middlefield Rd., located in Mountain View, California (collectively, the “Property”), which constitute approximately 159,000 square feet of the Company’s approximately 290,000 square foot Mountain View headquarters.

Under the terms of the Sale Agreement, the Seller will receive total consideration of $49.0 million for the sale of the Property, subject to the satisfaction of certain conditions, including the Purchaser’s completion of its due diligence review. Until the Purchaser has completed its due diligence review, the Purchaser may elect to terminate the Sale Agreement for any or no reason.

At the time of closing of the sale of the Property, which is expected later this month, the Company and the Purchaser will be required to enter into a separate lease agreement (the “Lease”). Under the Lease, the Company will rent the Property from the Purchaser for an initial term of approximately 30 months, commencing on the date the Purchaser takes title to the Property, with an option to extend the Lease for five years upon the termination of the initial term. The Company’s total obligations under the initial term are approximately $12.5 million. The Company has guaranteed the obligations of the Seller in connection with the Sale Agreement.

 

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SIGNATURE

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.

 

    VERISIGN, INC.
Date: June 11, 2008     By:   /s/ Richard H. Goshorn
      Name:    Richard H. Goshorn
      Title:   Senior Vice President, General Counsel and
Secretary

 

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