0001193125-12-078086.txt : 20120224 0001193125-12-078086.hdr.sgml : 20120224 20120224160604 ACCESSION NUMBER: 0001193125-12-078086 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120217 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120224 DATE AS OF CHANGE: 20120224 FILER: COMPANY DATA: COMPANY CONFORMED NAME: InvenSense Inc CENTRAL INDEX KEY: 0001294924 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35269 FILM NUMBER: 12638213 BUSINESS ADDRESS: STREET 1: 1197 BORREGAS AVENUE CITY: SUNNYVALE STATE: CA ZIP: 94089 BUSINESS PHONE: 650) 493-9300 MAIL ADDRESS: STREET 1: 1197 BORREGAS AVENUE CITY: SUNNYVALE STATE: CA ZIP: 94089 8-K 1 d306361d8k.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): February 17, 2012

 

 

INVENSENSE, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   001-35269   01-0789977

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1197 Borregas Avenue

Sunnyvale, California

  94089
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code (450) 988-7339

(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):

 

¨ 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 February 17, 2012, InvenSense, Inc. (the “Company”) entered into a second amendment to the Company’s industrial lease for the Company’s corporate headquarters at 1197 Borregas Avenue in Sunnyvale, Califronia. The amendment provides that if by March 16, 2012, the landlord is unable to commit to an 18-month extension to the lease, which would otherwise expire in July 2012, the Company may lease the premises on a month-to-month basis from August 2012 through January 2013.

The foregoing description of the amendment to the lease is qualified in its entirety by the full text of the amendment, a copy of which is attached hereto as Exhibit 10.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is attached to this Current Report on Form 8-K:

 

Exhibit
Number

  

Description

10.1    Second Amendment to Lease Agreement between the Company and Prologis L.P., dated February 17, 2012.


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.

 

  InvenSense, Inc.
Date: February 24, 2012  

/s/ Alan Krock

 

Alan Krock

Vice President, Chief Financial Officer


EXHIBIT INDEX

 

Exhibit
Number

  

Description

10.1    Second Amendment to Lease Agreement between the Company and Prologis L.P., dated February 17, 2012.
EX-10.1 2 d306361dex101.htm SECOND AMENDMENT TO LEASE AGREEMENT BETWEEN THE COMPANY AND PROLOGIS L.P. Second Amendment to Lease Agreement between the Company and Prologis L.P.

Exhibit 10.1

SECOND AMENDMENT TO LEASE

THIS SECOND AMENDMENT TO LEASE AGREEMENT (the “Second Amendment”) is entered into as of the 17th day of February, 2012, by and between Prologis L.P., a Delaware limited partnership formerly known as AMB Property, L.P. (“Landlord”) and InvenSense, Inc., a Delaware corporation (“Tenant”).

WITNESSETH:

WHEREAS, Landlord and Tenant have entered into a Lease dated June 13, 2007, as amended by that First Amendment to Lease dated June 26, 2009, pursuant to which Landlord leased to Tenant certain premises consisting of approximately 50,895 rentable square feet located at 1195-1197 Borregas Avenue, Sunnyvale, California 94089 (the “Premises”), such lease, as heretofore modified, being herein referred to as the “Lease”.

WHEREAS, Landlord and Tenant desire to modify the Lease on the terms and conditions set forth below. Landlord and Tenant agree that Landlord is seeking internal approval to commit to an 18 month extension with Tenant. Landlord has until March 16, 2012 to provide such notice to Tenant.

AGREEMENT:

NOW THEREFORE, in consideration of the Premises and the mutual covenants hereinafter contained, the parties hereto agree as follows:

 

  1. Should Landlord not be willing or able to commit to an 18 month extension with Tenant by Friday, March 16, 2012 (the “Notice Date”), Tenant can lease the Premises on a month to month basis from the time period 8/1/12 – 1/31/13 (the “Second Extension Term”). Tenant can terminate the lease by providing Landlord 60 days prior written notice. Except as expressly set forth herein, all of the terms and conditions of the Lease shall remain in full force and effect during the Second Amendment, including the Base Rent payable under the lease which shall continue to be $59,532.00 per month and no holdover Rent shall be charged to Tenant.

 

  2. Except as otherwise expressly provided herein, all defined terms used in this Second Amendment shall have the same respective meanings as are provided for such defined terms in the Lease. Tenant shall accept the Premises in its “as is” condition and shall pay Operating Expenses as provided in the Lease during the Second Extension Term.

 

  3. Tenant represents and warrants that it has dealt with no broker, agent or other person in connection with this transaction and that no broker, agent or other person brought about this transaction, and Tenant agrees to indemnify and hold Landlord harmless from and against any claims by any other broker, agent or other person claiming a commission or other form of compensation by virtue of having dealt with Tenant with regard to this leasing transaction.

 

  4. Insofar as the specific terms and provisions of this Second Amendment purport to amend or modify or are in conflict with the specific terms, provisions and exhibits of the Lease, the terms and provisions of this Second Amendment shall govern and control; in all other respects, the terms, provisions and exhibits of the Lease shall remain unmodified and in full force and effect.

 

  5. Landlord and Tenant hereby agree that (i) this Second Amendment is incorporated into and made a part of the Lease, (ii) any and all references to the Lease hereinafter shall include this Second Amendment, and (iii) the Lease and all terms, conditions and provisions of the Lease are in full force and effect as of the date hereof, except as expressly modified and amended hereinabove.

 

  6. Any obligation or liability whatsoever of ProLogis, a Maryland real estate investment trust, which may arise at any time under this Lease or any obligation or liability which may be incurred by it pursuant to any other instrument, transaction, or undertaking contemplated hereby shall not be personally binding upon, nor shall resort for the enforcement thereof be had to the property of, its trustees, directors, shareholders, officers, employees or agents, regardless of whether such obligation or liability is in the nature of contract, tort, or otherwise.

IN WITNESS WHEREOF, the parties hereto have signed this Second Amendment as of the day and year first above written.

 

TENANT:

InvenSense, Inc.

a Delaware corporation

   

LANDLORD:

Prologis, L.P.,

a Delaware limited partnership

    By: Prologis, Inc.,
    its General Partner
By:  

/s/ Steve Nasiri

    By:  

/s/ Brandon J. Page

Name:  

Steve Nasiri

    Name:   Brandon J. Page
Title:  

CEO

    Title:   Market Officer, Vice President