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WMGI > SEC Filings for WMGI > Form 8-K on 3-Jan-2014All Recent SEC Filings

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Form 8-K for WRIGHT MEDICAL GROUP INC


3-Jan-2014

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreement.

On December 28, 2013, Wright Medical Technology, Inc. ("WMT"), a wholly owned subsidiary of Wright Medical Group, Inc. (the "Company"), entered into an Agreement of Lease (the "Lease") with RBM Cherry Road Partners (the "Landlord"). Pursuant to the Lease, the Landlord will lease approximately 92,000 square feet of existing office space located at 1023 Cherry Road, Memphis, Tennessee to WMT as the Company's new corporate headquarters for an initial term of one hundred thirty (130) months.

The Lease commenced on January 1, 2014. Annual rent will be approximately $373,000 in 2014, $915,000 in 2015, and thereafter is subject to customary increases. WMT also has an option to extend the term of the Lease for two consecutive terms of five years each.

The foregoing descriptions of the terms of the Lease do not purport to be complete and are qualified in their entirety by reference to the full text of the Lease, which the Company intends to file as an exhibit to its Annual Report on Form 10-K for the fiscal year ended December 31, 2013.


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