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ACW > SEC Filings for ACW > Form 8-K on 13-Aug-2013All Recent SEC Filings

Show all filings for ACCURIDE CORP

Form 8-K for ACCURIDE CORP


13-Aug-2013

Entry into a Material Definitive Agreement


Item 1.01. Entry into a Material Definitive Agreement.

On August 8, 2013, Accuride Corporation ("Accuride") entered into a sublease agreement with Menlo Logistics, Inc. ("Menlo") whereby Accuride will sublease to Menlo its existing leasehold interest in property located in Whitestown, Indiana (the "Sublease"). Accuride is currently leasing the Whitestown property to conduct its distribution business, but will transition that business to newly leased property in Batavia, Illinois (as described in the following paragraph). The term of the Sublease commences on the earlier of (i) October 6, 2013 or (ii) the date that Accuride has completely vacated and ceased its operations on the property and continues to July 31, 2015, subject to Menlo's right to renew the Sublease for up to two successive two year terms and Menlo's early termination options as provided in the Sublease. The monthly rent under the Sublease is $115,266.67 in year one, $116,783.34 in year two, and $118,300.00 in years three through six (if applicable). A copy of the Sublease is attached hereto as Exhibit 10.1 and is incorporated by reference herein.

Also on August 8, 2013, Accuride entered into a lease agreement with Cabot Acquisition, LLC for property in Batavia, Illinois (the "Lease"). The term of the Lease is August 8, 2013 through November 30, 2016, subject to Accuride's right to extend the term pursuant to one three-year renewal option or to shorten the term to August 7, 2015 pursuant to an early termination option as provided in the Lease. The rent under the Lease is as follows: $57,246.82 per month from August 8, 2013 through August 31, 2014; $60,798.11 per month from September 1, 2014 through August 31, 2015; and $64,349.41 per month from September 1, 2015 through November 30, 2016. Rent during any renewal term will be as provided in the Lease, but will in no event be less than the rent during the preceding period. In addition to the monthly rent, Accuride will pay its share of operating expenses, taxes and insurance with respect to the property that exceed such costs for the base year of 2013. A copy of the lease is attached hereto as Exhibit 10.2 and is incorporated by reference herein.

Item 9.01. Exhibits.

(d) Exhibits

10.1 Sublease, entered into as of August 8, 2013, by and between Accuride Corporation and Menlo Logistics, Inc.

10.2 Lease, entered into as of August 8, 2013, by and between Accuride Corporation and Cabot Acquisition, LLC.

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