Summary
Autodesk, Inc. (ADSK) filed an 8-K on January 28, 2010, to report a material definitive agreement concerning its headquarters lease. The company entered into a fourth amendment to its existing lease for its principal executive offices at 111 McInnis Parkway, San Rafael, California. This amendment significantly extends the lease term until December 31, 2019, and outlines aggregate base rent of approximately $32.6 million payable over ten years. The filing also indicates provisions for renewal options and terms related to premises improvements, repairs, maintenance, and ancillary facilities. This extension provides long-term stability for Autodesk's corporate headquarters.
Key Highlights
- 1Autodesk entered into a fourth amendment to its headquarters lease.
- 2The lease for its San Rafael, California headquarters is extended until December 31, 2019.
- 3The aggregate base rent for the extended term is $32,588,809.68.
- 4The amendment specifies monthly rent payments over the ten-year extension period.
- 5Options to renew the lease for additional periods are included in the amendment.
- 6The amendment also details terms regarding improvements, repairs, maintenance, and ancillary facilities.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report a material definitive agreement, specifically the fourth amendment to Autodesk's lease for its corporate headquarters.
Autodesk has extended its lease for its headquarters located at 111 McInnis Parkway, San Rafael, California, until December 31, 2019.
The aggregate base rent for the extended lease term, from December 31, 2009, to December 31, 2019, is $32,588,809.68, payable in monthly installments.
Yes, the amendment includes options for Autodesk to renew the lease for additional periods beyond December 31, 2019.