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CIENA CORP 8-K Report, Material Agreement (Jul 11, 2014)

Reports
Material Agreements·Exhibits & Filings
Filing Date
Filed July 11, 2014
Period End
July 11, 2014
Security
CIEN
In the record · 2016–202610-K1010-Q338-K105

CIEN filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 105 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Apr ’16Apr ’16
  2. FY2018 annual report10-K · Dec ’18Dec ’18
  3. Leadership change8-K · Apr ’21Apr ’21
  4. Leadership change8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 8-K filed July 11, 2014. Cited figures are marked; the original filing is the authoritative source.

Ciena Corporation, through its subsidiary Ciena Canada, Inc., has filed an 8-K report detailing a third amendment to its lease agreement for the "Lab 10" building located on the former Nortel Carling Campus in Ottawa, Canada.

This amendment primarily extends the lease term, pushing the expiration from September 18, 2017, to December 31, 2017. This extension signifies Ciena's continued commitment to its Ottawa operations and infrastructure for a slightly longer period. The financial impact of this lease extension involves an approximate aggregate annual payment of $10.9 milliona CAD for the extended period.

This payment covers base rent, additional rent, and operating expense obligations. Investors should note that this is an amendment to an existing lease, not a new significant acquisition or divestiture, and the terms are consistent with the original lease structure, albeit for a longer duration. The company has provided prior filings detailing the original lease and its subsequent amendments.

02—Key points

Key Highlights

  1. Ciena Canada, Inc. (a subsidiary) entered into a third amendment to its Ottawa "Lab 10" building lease.
  2. The lease term has been extended from September 18, 2017, to December 31, 2017.
  3. The extended lease period will result in aggregate annual payments of approximately $10.9 million CAD.
  4. Payments include base rent, additional rent, and operating expense obligations.
  5. The amendment relates to the lease of the "Lab 10" building on the former Nortel Carling Campus.
  6. This filing (Item 1.01) indicates the entry into a material definitive agreement.
  7. Exhibit 10.1 contains the Third Lease Amending Agreement.

03—Questions

Frequently Asked Questions

  1. What is the primary purpose of this 8-K filing?

    The primary purpose of this 8-K filing is to report the entry into a material definitive agreement, specifically a third amendment to the lease agreement for Ciena's "Lab 10" facility in Ottawa, Canada.

  2. How does this lease amendment affect Ciena's financial obligations?

    The amendment extends the lease term and adds approximately $10.9 million CAD in aggregate annual payments for the extended period, covering base rent, additional rent, and operating expenses.

  3. Is this a new lease agreement or an extension of an existing one?

    This is an amendment to an existing lease agreement that was originally entered into on March 19, 2010. It extends the term of that original lease and its previous amendments.

  4. What is the duration of the lease extension?

    The lease term has been extended by a little over three months, from September 18, 2017, to December 31, 2017.

04—Continue

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