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ALCS > SEC Filings for ALCS > Form 8-K on 8-May-2013All Recent SEC Filings

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Form 8-K for ALCO STORES INC


8-May-2013

Entry into a Material Definitive Agreement, Creation of a Direct Financial Obliga


Item 1.01 Entry into a Material Definitive Agreement

On May 2, 2013, ALCO Stores, Inc. (the "Company"), entered into a Lease Agreement (the "Agreement") (capitalized terms not defined herein have the meaning set forth in the Agreement) with IIT Freeport Office LP ("Landlord") to lease 43,132 square feet of certain office space located in Coppell, Texas for the Company's new corporate office headquarters. As disclosed in an 8-K filed by the Company on April 12, 2013, the Company is relocating its corporate headquarters from Abilene, Kansas to Coppell, Texas in June, 2013.
.
The Agreement is for a term of 94 full calendar months commencing as of the date certain Work on the leased Premises has been substantially completed. However, the Company anticipates to move into the Premises in June, 2013. The monthly payment under the Agreement shall be equal to a Basic Rent plus Additional Rent plus all other sums that may be due and owning from the Company to the Landlord all as set forth in the Agreement.
.
A copy of the Agreement is attached hereto as Exhibit 99.1 as set forth below in Item 9.01 and incorporated herein by reference. The foregoing description of the terms of the Agreement is qualified in its entirety by reference to the full text of the exhibit.



Item 2.03 Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above in Item 1.01 is incorporated herein by reference into this Item 2.03.



Item 7.01 Regulation FD Disclosure.

The information set forth in Item 1.01 is incorporated herein by reference into this Item 7.01.

Item 9.01. Exhibits.

(d) Exhibits

99.1 Lease Agreement between the Company and IIT Freeport Office LP dated May 2, 2013.


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