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ABMD > SEC Filings for ABMD > Form 8-K on 6-Aug-2013All Recent SEC Filings

Show all filings for ABIOMED INC

Form 8-K for ABIOMED INC


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

Item 1.01. Entry Into a Material Definitive Agreement.

On July 29, 2013, we entered into a lease agreement to continue renting our existing 33,400 sq. ft facility located in Aachen, Germany through July 31, 2023. The building serves as our European headquarters and houses most of the manufacturing operations for our Impella product line. The lease agreement is for a term of 10 years, commencing on August 1, 2013. The monthly rent due under the lease agreement and payable monthly is approximately 34,500 (euro) (approximately $45,000 at current exchange rates). Under the lease agreement, we are entitled to exercise an option for an additional five years, i.e., until July 31, 2028. The option must be claimed in writing by at least January 31, 2023. After that, another option will be granted to us for up to five additional years. This option must be claimed in writing by no later than January 31, 2028.

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

The description set forth in item 1.01 above is incorporated by reference into this Item 2.03.

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