form8_k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the
Securities Exchange Act of
1934
Date of
report (Date of earliest event reported): August 7, 2009 (August 4,
2009)
TECHTARGET,
INC.
(Exact
Name of Registrant as Specified in Charter)
|
Delaware
|
1-33472
|
04-3483216
|
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification
No.)
|
117
Kendrick Street, Needham, MA 02494
(Address
of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code: (781) 657-1000
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General
Instruction A.2. below):
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
|
¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
|
¨
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item 1.01
Entry into Material Definitive Agreement
On August
4, 2009, TechTarget, Inc. (the “Company”) entered into a Lease Agreement (the
“Lease”) with MA-Riverside Project, L.L.C, (“Lessor”) pursuant to which the
Company has agreed to lease approximately 87,875 square feet in Building One
located at 275 Grove Street, Newton, Massachusetts (the “Leased Premises”). The
Scheduled Completion Date for the Leased Premises is January 1, 2010. The
commencement date will occur on the later of either (i) the Scheduled Completion
Date or (ii) the day following the date on which the Leased Premises are “ready
for occupancy”, as defined in the Lease (the “Commencement Date”). The Company
intends to move all of its operations currently conducted at 117 Kendrick
Street, Needham, Massachusetts to the Leased Premises. The term of the Lease
expires 10 years from the Commencement Date (the “Initial Term”). The Company
has been granted the option to extend the term for an additional five-year
period.
The
annual fixed rent payable by the Company from the Commencement Date through the
first two years of the Initial Term is $31.00 per rentable square foot, with
incremental increases of One Dollar ($1.00) per rentable square foot in each of
the following three two-year periods, and an incremental increase of One and
50/100 Dollars ($1.50) for the final two years of the Initial Term. The Company
is receiving certain rent concessions during the first two years of the Initial
Term. The Lessor is obligated to perform all renovations and build-out, as well
as absorb certain costs associated with the relocation of the Company’s
operations and certain amenities on the premises and other ancillary obligations
of the Company. The Company is providing a letter of credit to satisfy the
security deposit obligation.
If the
Company defaults in the performance of certain obligations under the Lease,
including failure to timely pay rent obligations, the Lessor may terminate the
Lease upon no less than five days notice and the Company will remain liable as
provided in the Lease.
The
foregoing is only a summary of the Lease and is qualified in its entirety by
reference to the Lease, a copy of which is attached hereto as Exhibit 10.1 and
is incorporated into this Item 1.01 by reference.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| |
TECHTARGET,
INC. |
|
| |
|
|
|
|
Date:
August 7, 2009
|
By:
|
/s/ ERIC
SOCKOL |
|
| |
|
Eric
Sockol
|
|
| |
|
Chief
Financial Officer and Treasurer
|
|
| |
|
|
|
EXHIBIT
INDEX
| Exhibit
No. |
Description |
| |
|
| 10.1 |
|