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ARAY > SEC Filings for ARAY > Form 8-K on 24-Jun-2014All Recent SEC Filings

Show all filings for ACCURAY INC

Form 8-K for ACCURAY INC


Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01. Entry into a Material Definitive Agreement.

On June 20, 2014, Accuray Incorporated (the "Company") entered into a Seventh Amendment to Lease (the "Amendment") with DWF III Caribbean, LLC ("Landlord") for its headquarters office space located at 1310 and 1320 Chesapeake Terrace, Sunnyvale, California. The Amendment modifies the Lease Agreement, dated July 9, 2003, as amended (the "Lease"), to, among other things, extend the term of the Lease an additional eight (8) years and seven (7) months to expire on December 31, 2023 (the "Extended Lease Term"), set the base rent that shall apply during the Extended Lease Term at $272,678.40 per month for the first year with an increase in the rental fees of 3% annually, provide the Company with a one-time early termination right solely with respect to the premises located at 1320 Chesapeake Terrace which termination would occur on May 31, 2020 if exercised, and provide for two additional five-year renewal options with base rent at prevailing market rates.

The foregoing description of the material terms of the Amendment is subject to, and qualified in its entirety by reference to, the Amendment that is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibit.

Number                                  Description
 10.1     Seventh Amendment to Lease, dated June 20, 2014, by and between DWF III
          Caribbean, LLC and Accuray Incorporated

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