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AMCC > SEC Filings for AMCC > Form 8-K on 17-Mar-2014All Recent SEC Filings

Show all filings for APPLIED MICRO CIRCUITS CORP

Form 8-K for APPLIED MICRO CIRCUITS CORP


17-Mar-2014

Completion of Acquisition or Disposition of Assets


Item 2.01. Completion of Acquisition or Disposition of Assets.

On March 13, 2014, Applied Micro Circuits Corporation (the "Company") completed the previously announced sale of its headquarters building and related parcel of land in Sunnyvale, California, to Moffett Park Drive Owner, LLC, a Delaware limited liability company (as assignee of RW9 REIT Acquisition, LLC, the original purchaser entity) for a purchase price of $40.8 million in cash. A copy of the related Agreement of Purchase and Sale and Joint Escrow Instructions was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K dated January 22, 2014. Upon completion of the sale, the Company entered into a lease of that portion of the space that it currently occupies at this location, as previously disclosed in the aforementioned Form 8-K; a copy of the lease agreement was filed as Exhibit 10.2 to such Form 8-K.


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