UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.01Entry into a Material Definitive Agreement.
On May 29, 2024, IRADIMED CORPORATION, a Delaware corporation (the “Company”), entered into that certain Amendment to Susi, LLC Lease Agreement (the “Lease Amendment”) with SUSI, LLC, a Florida limited liability company(the “Landlord”), controlled by the Company’s President, Chief Executive Officer, and Chairman of the Board, Roger Susi, which amended that certain Susi, LLC Lease Agreement (the “Lease”), dated as of January 17, 2014, related to the Company’s manufacturing and headquarters facility in Winter Springs, Florida (the “Premises”).
Under the Lease Amendment, the term of the Lease was extended an additional one year and now expires on May 31, 2025 (the “Lease Extension”). Subject to prior written notice to the Landlord given not later than 30 days prior to the expiration of the Lease, the Company may remain in possession of the Premises on a month-to-month basis, for an aggregate period not to exceed six months (the “Monthly Tenancy”). The Monthly Tenancy automatically will continue on a monthly basis for each successive month following expiration of the Lease Extension, and will terminate on the earlier of (a) the last day of the calendar month designated in the Company’s written notice to the Landlord terminating the Monthly Tenancy, given at least 15 days prior to the designated termination date, and (b) November 30, 2025.
Pursuant to the terms of the Lease Amendment, the monthly base rent will be $34,133, adjusted annually for changes in the consumer price index. Under the terms of the Lease, the Company is responsible for insurance and maintenance expenses.
The foregoing description of the Lease Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Lease Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description |
99.1 | |
104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) |