Current Report Filing (8-k)
November 16 2017 - 5:22PM
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): November 16, 2017
Rapid7, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-37496
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35-2423994
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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100 Summer Street, Boston, Massachusetts
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02110
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code: (617)
247-1717
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 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. ☒
Item 1.01 Entry into a Material Definitive Agreement.
On November 16, 2017, Rapid7, Inc. (the
Company
) entered into a lease (the
Lease
) with
Podium Developer LLC, an affiliate of Boston Properties, with respect to 147,061 square feet of office space in a building currently under construction at 120 Causeway Street, Boston, Massachusetts, adjacent to the TD Garden (home of the Boston
Celtics and Boston Bruins). The Lease includes significant signage and branding rights.
The term of the Lease is one hundred twenty six
months, and is expected to commence on June 1, 2019, with the option to extend the Lease for two periods of five years each. The Lease also provides the Company with an expansion option and a right of first offer with respect to additional
suites in the building and if later constructed, an affiliated new multi-tenant office building.
The initial net rental rate payable
under the Lease will be $49.00 per rentable square foot per annum, with $1.00 increase per rentable square foot per year, plus the pro rata share of certain real property taxes and operating expenses estimated to be approximately $16.50 per rentable
square foot initially. The Company is required to post a letter of credit security deposit in the amount of $4,816,248 as a security deposit under the Lease, subject to reduction after the third lease year.
The foregoing is a summary description of the material terms of the Lease, does not purport to be complete and is qualified in its entirety by
reference to the Lease, which is included as Exhibit 10.1 to this Current Report and incorporated herein by reference.
The Companys
press release announcing the Companys entrance into the Lease is attached hereto as Exhibit 99.1 to this Current Report on Form
8-K.
The information in the press release attached hereto shall not be
deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
Exchange Act
) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item 2.03 Creation of a Direct Financial Obligation or
an Obligation under an
Off-Balance
Sheet Arrangement of a Registrant.
The information set
forth above and referenced under Item 1.01 is hereby incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and
Exhibits.
(d) Exhibits
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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Rapid7, Inc.
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Dated: November 16, 2017
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By:
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/s/ Jeff Kalowski
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Jeff Kalowski
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Chief Financial Officer
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