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ICH > SEC Filings for ICH > Form 8-K on 18-Sep-2009All Recent SEC Filings

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Form 8-K for INVESTORS CAPITAL HOLDINGS LTD


18-Sep-2009

Entry into a Material Definitive Agreement


Item 1.01 Amendment of a Material Definitive Agreement

On September 15, 2009 the registrant's wholly-owned operating subsidiary, Investors Capital Corporation ("ICC"), entered into an Amendment to Commercial Lease with Montrachet Realty, LLC ("Lessor") that amends a lease entered into between said parties on or about March 1, 2007, for premises located at 230 Broadway, Lynnfield, Massachusetts, that are utilized for ICC's and registrant's headquarters. The amendment extended the lease termination date by three years to March 31, 2015, and reduced the average monthly rent. The Lessor is owned by a trust of which Theodore Charles, who is a director, the Chairman of the Board and principal shareholder of the registrant, is a beneficiary.

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