Current Report Filing (8-k)
March 19 2020 - 4:06PM
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):
March 19, 2020
RUBICON TECHNOLOGY, INC.
(Exact name of registrant as specified in
its charter)
Delaware
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001-33834
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36-4419301
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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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900 East Green Street
Bensenville, Illinois
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60106
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(Address of principal executive offices)
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(Zip Code)
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(847) 295-7000
(Registrant’s telephone number, including
area code)
N/A
(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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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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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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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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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
Securities registered pursuant to Section 12(b)
of the Act:
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, par value $.001 per share
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RBCN
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The Nasdaq Stock Market LLC
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Preferred Share Purchase Right
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Item 1.01 Entry into a Material Definitive
Agreement
On February 26, 2020, Rubicon Technology, Inc.
(“Rubicon” or “Seller”) entered into a Real Estate Sale Contract (the “Agreement) with the Batavia
Park District, an Illinois municipal corporation (“Purchaser”). Pursuant to the Agreement, Rubicon agreed to sell,
and Purchaser agreed to purchase from Seller, Rubicon’s interest in that parcel of real property commonly known as Fox Valley
Business Park, Lot 101, Batavia, Illinois 60510, (the “Property”) consisting of permanent index number 12-27-428-016.
On March 17, 2020, the town of Batavia, Illinois
held a vote on a bond referendum to approve the issuance of approximately $27 million of municipal bonds. The bond referendum failed
to win a plurality. This issuance was a condition precedent to the purchase of the Property.
On March 19, 2020, Rubicon received notice
that the Purchaser was terminating the Agreement pursuant to its terms.
The foregoing description of the Agreement
is not complete and is qualified in its entirety by reference to the full text of the Agreement which was filed as Exhibit 10.1
to a Current Report on Form 8-K, filed on February 28, 2020, and incorporated herein by reference.
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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RUBICON TECHNOLOGY, INC.
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Dated: March 19, 2020
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By:
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/s/ Timothy E. Brog
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Name:
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Timothy E. Brog
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Title:
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Chief Executive Officer
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