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ADVS > SEC Filings for ADVS > Form 8-K on 6-Oct-2009All Recent SEC Filings

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Form 8-K for ADVENT SOFTWARE INC /DE/


6-Oct-2009

Entry into a Material Definitive Agreement, Financial Statements and Exh


ITEM 1.01 Entry into a Material Definitive Agreement

On September 30, 2009, Advent Software, Inc. (the "Company") entered into a definitive lease agreement with 1114 6th Avenue Co., LLC (the "Landlord") whereby the Company will lease approximately 31,000 square feet of office space at 1114 Avenue of the Americas in New York, New York (the "Grace Building"). The Company's contractual operating lease obligation under this agreement is approximately $30 million, payable over the fifteen-year term of the lease. Additionally, the Company anticipates approximately $8 million of leasehold improvements, of which $2 million will be funded by the Landlord and approximately $6 million will be paid directly by Advent. After completion of the improvements, currently estimated to be in the second fiscal quarter of 2010, the Company will relocate its New York operations to the Grace Building facility.



ITEM 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibits are furnished as part of this Current Report on Form 8-K.

Exhibit No.                            Exhibit Description
   10.1       Office Lease dated September 30, 2009, between 1114 6th Avenue Co.,
              LLC and the Company for the facility located at 1114 Avenue of the
              Americas in New York, NY.


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