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COBZ > SEC Filings for COBZ > Form 8-K on 5-Apr-2016All Recent SEC Filings

Show all filings for COBIZ FINANCIAL INC



Entry into a Material Definitive Agreement, Creation of a Direct Financial Ob

Item 1.01. Entry into a Material Agreement

CoBiz Financial Inc. (the Company) has a lease agreement with Kesef, LLC, an entity managed by Evan Makovsky, a member of the Board of Directors of the Company. The lease was set to expire on May 31, 2016. On April 1, 2016, the Company executed a fourth amendment to the lease extending the term to December 31, 2016. Base rent will be $151,377.75 per month for the extended term. The amendment also includes an option to extend for one, two, or three months in the amount of $211,206.00 per month for base rent.

The foregoing description of the fourth amendment to the lease does not purport to be complete and is qualified in its entirety by reference to the fourth amendment to the lease which is filed as Exhibit 10.1 to this Form 8-K and incorporated into this Item 1.01 by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information related to the fourth amendment to the lease agreement discussed under Item 1.01 above is hereby incorporated by reference under this Item 2.03.

Item 9.01. Financial Statements and Exhibits

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) Exhibits

10.1Fourth amendment to lease, dated April 1, 2016.

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