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Quotes & Info
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| DWRE > SEC Filings for DWRE > Form 8-K on 27-Sep-2012 | All Recent SEC Filings |
27-Sep-2012
Termination of a Material Definitive Agreement
Demandware, Inc. (the "Company") has been informed by the preliminary insolvency administrator of neckermann.de GmbH ("Neckermann") that Neckermann will cease its operations on September 30, 2012 and will commence final insolvency proceedings on October 1, 2012. As a result, on September 27, 2012, the Company notified Neckermann that it is terminating the Master Subscription Agreement (the "Agreement"), dated June 2, 2008, by and between the Company and Neckermann, as amended, pursuant to the terms of the Agreement. The Agreement will terminate on September 30, 2012.
In accordance with the agreement that the Company reached with the preliminary insolvency administrator, that Company was paid in full for its services to Neckermann from the date of the preliminary insolvency filing through September 30, 2012.
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