UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 18, 2019
CRA INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Massachusetts | | 000-24049 | | 04-2372210 |
(State or other jurisdiction | | (Commission | | (IRS employer |
of incorporation) | | file number) | | identification no.) |
200 Clarendon Street, Boston, Massachusetts | | 02116 |
(Address of principal executive offices) | | (Zip code) |
Registrant’s telephone number, including area code: (617) 425-3000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | | Trading Symbol | | Name of Each Exchange on Which Registered |
Common Stock, no par value | | CRAI | | Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 1.01 Entry into a Material Definitive Agreement.
On June 18, 2019, we entered into a lease with 601 City Center LLC, as landlord, for 27,831 square feet of office space located on the 15th floor of 601 12th Street, Oakland, California. The term of the lease will be 10 years and 11 months, commencing on October 1, 2019 and ending on August 31, 2030 and, subject to certain conditions, will be extendible by us for one seven-year period. Following an initial rent-free period, we will begin paying annual fixed rent (which does not include customary operating costs and expenses) of $148,432 per month, or $1,781,184 per annum, on September 1, 2020. The annual fixed rent will increase by 3% each year during the lease’s term. The performance of our obligations under the lease is secured by a $195,000 letter of credit.
A copy of the lease is attached as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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SIGNATURES
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.
| CRA INTERNATIONAL, INC. |
| |
Dated: June 24, 2019 | By: | /s/ Chad M. Holmes |
| | Chad M. Holmes |
| | Chief Financial Officer, Executive Vice President and Treasurer |
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