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)
June 24, 2014 (June 24, 2014)
Commission File Number: 001-34269
SHARPS COMPLIANCE CORP.
(Exact name of registrant as specified in its charter)
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Delaware
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74-2657168
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(State or other jurisdiction of incorporation or organization)
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(I.R.S. Employer Identification No.)
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9220 Kirby Drive, Suite 500, Houston, Texas
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77054
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(Address of principal executive offices)
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(Zip Code)
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(713) 432-0300
(Registrant’s telephone number, including area code)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 1.01. |
Entry into a Material Definitive Agreement. |
On June 24, 2014, Sharps Compliance, Inc. (a wholly-owned subsidiary of Sharps Compliance Corp., herein referred to as the “Company”) executed a fourth amendment (the “Amendment”) to the Lease Agreement with Park 288 Industrial, LLC, (the "Landlord") originally dated January 30, 2009 (the “Lease”). The Leased Premises include 131,406 square feet used by the Company for manufacturing, assembly, distribution and warehousing operations located on Reed Road in Houston, Texas. The Amendment provides for an extension of the current Lease from April 30, 2015 to August 31, 2020 and sets base rent amounts for the extended term of the Lease (“Extended Term”). There are no other material changes to the terms and conditions of the Lease.
The monthly base rent for the Lease during the Extended Term is $0 for the first four (4) months of the Extended Term, $52,562.40 for months five (5) through twenty-eight (28), $53,876.46 for months twenty-nine (29) through forty (40), $55,190.52 for forty-one (41) through fifty-two (52), and $56,504.58 thereafter.
There is no material relationship between the Company, or any of its affiliates, and the landlord, or any of its affiliates, other than the contractual relationship under the corresponding lease agreements.
The description of the above noted Lease is qualified in its entirety by reference to the agreement filed as Exhibit 10.1 to this Form 8-K.
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Financial Statements and Exhibits |
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10.1
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Fourth Amendment to Lease Agreement dated as June 24, 2014, between Sharps Compliance, Inc. and Park 288 Industrial, LLC.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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REGISTRANT:
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Dated: June 24, 2014
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Sharps Compliance Corp.
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By: /s/ DIANA P. DIAZ
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Vice President and Chief Financial Officer
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Index to Exhibits
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Fourth Amendment to Lease Agreement dated as June 24, 2014, between Sharps Compliance, Inc. and Park 288 Industrial, LLC.
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