Current Report Filing (8-k)
April 13 2018 - 4:03PM
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): April 11, 2018
Agios Pharmaceuticals, Inc.
(Exact Name of Registrant as Specified in Charter)
|
|
|
|
|
Delaware
|
|
001-36014
|
|
26-0662915
|
(State or Other Jurisdiction
of Incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
|
|
|
88 Sidney Street, Cambridge, MA
|
|
02139
|
(Address of Principal Executive Offices)
|
|
(Zip Code)
|
Registrants telephone number, including area code: (617)
649-8600
(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))
|
|
☐
|
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).
|
|
☐
|
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 April 11, 2018, Agios Pharmaceuticals, Inc. (the
Company) entered into a First Amendment of Lease (the Lease Amendment) with UP 64 Sidney Street, LLC (the Landlord). The Lease Amendment amends certain terms of the Companys existing lease with the Landlord,
dated November 17, 2017 (the Lease), pursuant to which the Company leased approximately 27,100 rentable square feet of office space located at 64 Sidney Street, Cambridge, Massachusetts (the New Premises). The Lease
Amendment, which is effective as of April 11, 2018, expands the rentable square footage of the New Premises from approximately 27,100 square feet to approximately 40,000 square feet (such additional square footage, the Expansion
Space). Pursuant to the Lease Amendment, the date on which the Company will become responsible for paying rent with respect to the Expansion Space under the Lease is October 1, 2018, and the initial term of the Lease with respect the
Expansion Space expires on February 28, 2025, unless sooner terminated.
Pursuant to the Lease Amendment, the Companys monthly base rent for
the New Premises will increase from approximately $181,000 to approximately $251,000 and will increase on an annual basis up to a maximum monthly base rent of approximately $296,000. The Lease Amendment also provides for a tenant improvement
allowance of approximately $450,000 for improvements to be made to the Expansion Space, as well as certain rights with respect to leasing additional space adjacent to the Expansion Space, as more particularly described in the Lease Amendment.
The foregoing description is a summary of certain terms of the Lease Amendment, and, by its nature, is incomplete. It is qualified in its entirety by the text
of the Lease Amendment, a copy of which is filed as exhibit 10.1 to this Current Report on Form
8-K
and is incorporated herein by reference.
Item 2.03
|
Creation of a Direct Financial Obligation or an Obligation Under an
Off-balance
Sheet Arrangement of a Registrant.
|
The description of the Lease Amendment in Item 1.01 Entry into a Material Definitive Agreement of this Current Report on Form
8-K
is incorporated by reference in its entirety 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.
|
|
|
|
|
|
|
|
|
|
|
AGIOS PHARMACEUTICALS, INC.
|
|
|
|
|
Date: April 13, 2018
|
|
|
|
By:
|
|
/s/ David P. Schenkein
|
|
|
|
|
|
|
David P. Schenkein, M.D.
|
|
|
|
|
|
|
President and Chief Executive Officer
|
Agios Pharmaceuticals (NASDAQ:AGIO)
Historical Stock Chart
From Apr 2024 to May 2024
Agios Pharmaceuticals (NASDAQ:AGIO)
Historical Stock Chart
From May 2023 to May 2024