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
April 11, 2011
Date of Report (Date of earliest event reported)
AGENUS INC.
(Exact name of registrant as specified in its charter)
DELAWARE | 000-29089 | 06-1562417 | ||||
(State or other jurisdiction | (Commission | (IRS Employer | ||||
of incorporation) | File Number) | Identification No.) | ||||
3 Forbes Road Lexington, MA |
02421 | |||||
(Address of principal executive offices) |
(Zip Code) |
781-674-4400
(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):
¨ | 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 April 11, 2011, Agenus Inc. (the Company) and TBCI, LLC executed a Fifth Amendment of Lease reducing the Companys occupied space of its Lexington, Massachusetts location from approximately 162,000 square feet to approximately 83,000 square feet thus reducing the Companys annual rental payments by approximately $1.1 million over the remaining lease term. In addition, facility related operating expenses are estimated to decrease approximately $400,000 per year. The Companys rent and operating expenses will be reduced commencing no later than November 1, 2011.
SIGNATURES
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.
AGENUS INC. | ||||||
Date: April 15, 2011 |
By: | /s/ Shalini Sharp | ||||
Shalini Sharp | ||||||
Chief Financial Officer |