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GIMO > SEC Filings for GIMO > Form 8-K on 15-Nov-2013All Recent SEC Filings

Show all filings for GIGAMON INC.

Form 8-K for GIGAMON INC.


Termination of a Material Definitive Agreement

Item 1.02 Termination of a Material Definitive Agreement.

On November 12, 2013, Gigamon Inc. (the "Company") notified its landlord, LBA Realty Fund II - WBP II, LLC (the "Landlord"), that it was electing to terminate the lease for its current principal executive offices at 598 Gibraltar Drive, Milpitas, California (the "Premises"), effective as of June 17, 2014 (the "Termination Date"), pursuant to an early termination option contained in that certain Lease entered into as of May 21, 2010, as amended, by and between the Company and the Landlord (the "Lease"). In connection with the termination of the Lease, the Company paid a termination fee of $250,000. The Company will continue to pay rent, operating expenses and all other charges due under the Lease for the Premises in accordance with the terms of the Lease until the Termination Date. Following the Termination Date, the Company will have no further rights, title or interest in or to the Premises pursuant to the Lease, and shall have no obligations to pay rent, operating expenses or other charges to the Landlord for the Premises.

During the first quarter of 2014, the Company intends to relocate its principal executive offices to 3300 Olcott Street, Santa Clara, California, as previously disclosed in the Company's Current Report on Form 8-K as filed on July 8, 2013.

The foregoing description of the Lease is qualified by reference to the Lease, a complete copy of which is filed as Exhibit 10.11 to the Company's Registration Statement on Form S-1 (File No. 333-182662).

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