Current Report Filing (8-k)
July 10 2019 - 4:17PM
Edgar (US Regulatory)
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): July 8, 2019
Rambus Inc.
(Exact name
of registrant as specified in its charter)
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Delaware
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000-22339
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94-3112828
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I. R. S. Employer
Identification No.)
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1050 Enterprise Way, Suite 700
Sunnyvale, California
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94089
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(Address of principal executive offices)
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(Zip Code)
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(408)
462-8000
(Registrants telephone number, including area code)
Not Applicable
(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:
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17
CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Common stock
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RMBS
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NASDAQ Global Select Market
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (17 CFR §230.405) or Rule
12b-2
of the Securities Exchange Act of 1934 (17 CFR
§240.12b-2).
Emerging growth company ☐
If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
On July 8, 2019, Rambus Inc. (the Company) entered into a definitive triple net space lease agreement with 237 North First
Street Holdings, LLC (the Landlord) whereby the Company will lease approximately 90,000 square feet of office space located at 4453 North First Street in San Jose, California (the Lease). The office space will serve as the
Companys corporate headquarters and include engineering, marketing and administrative functions. The Company expects to move to the new premises during the summer of 2020. The Lease has a term of 128 months from the commencement date planned
for April 1, 2020, which date is subject to certain extensions. The starting rent of the Lease is approximately $3.26 per square foot on a triple net basis. The annual base rent increases each year to certain fixed amounts over the course of
the term as set forth in the Lease and will be $4.38 per square foot in the eleventh year. In addition to the base rent, the Company will also pay operating expenses, insurance expenses, real estate taxes and a management fee. In addition, the Lease
allows for an option to expand, wherein the Company has the right of first refusal to rent additional space in the building. The Company has a
one-time
option to extend the Lease for a period of 60 months and
may elect to terminate the Lease, via written notice to the Landlord, in the event the office space is damaged or destroyed. This summary is not intended to be complete and is qualified in its entirety by the Lease, which Rambus intends to file with
the Securities and Exchange Commission.
The lease of the Companys current Sunnyvale, California headquarters expires June 30,
2020.
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.
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Date: July 10, 2019
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Rambus Inc.
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/s/ Jae Kim
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Jae Kim
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Senior Vice President and General Counsel
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