Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
OSTK > SEC Filings for OSTK > Form 8-K on 17-May-2013All Recent SEC Filings

Show all filings for OVERSTOCK.COM, INC | Request a Trial to NEW EDGAR Online Pro



Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement.

On May 13, 2013, Inc. (the "Company") entered into an Industrial Net Lease, dated May 1, 2013 ("Lease") with Landmark 4, LLC ("Landmark"). Landmark is an affiliate of the entity from which the Company previously leased the Warehouse. The Lease is for an approximately 687,000 square foot warehouse facility that the Company has leased since September of 2008, located at 1862 South 4800 West, Salt Lake City, Utah ("Warehouse"). The Lease extends the term of occupancy to August 31, 2026, and specifies rent, exclusive of common area maintenance fees, at variable rates over the course of the Lease term. From May 1, 2013 through August 31, 2013, the Company will pay no rent, but only $27,428 per month, representing monthly amortization of certain tenant improvement costs incurred under the first amendment to the Company's previous lease of the Warehouse. From September 1, 2013 through August 31, 2026 the base monthly rent of the lease will vary from $284,980 per month, to $376,677 per month for the last 18 months of the lease. The Lease contemplates that the Company may refurbish a certain portion of the facility through reasonable tenant improvements for additional corporate office space within the Warehouse. Under the Lease the Company has three (3) options to renew for five (5) years each.

Reference is hereby made to the terms of the Lease, a copy of which is filed herewith as Exhibit 10.1, for additional information regarding the terms of the Lease.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. 10.1 Industrial Net Lease dated May 1, 2013

Certain statements contained in this Form 8-K are "forward-looking statements," including, without limitation, statements regarding the Company's refurbishment of a portion of the warehouse space for additional office space in the leased premises. There are risks that the Company faces that could cause actual results to be materially different from those that may be set forth in forward-looking statements made by the Company. There also may be additional risks that the Company does not presently know or that it currently believes are immaterial which could also impair its business and results of operations. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2012, and our Form 10-Q for the quarter ended March 31, 2013.

  Add OSTK to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for OSTK - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now

Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.