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): July 7, 2013
SciQuest, Inc.
(Exact name of registrant as specified in its charter)
| | | | |
| Delaware | | 001-34875 | | 56-2127592 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification Number) |
| | |
6501 Weston Parkway, Suite 200, Cary, North Carolina | | 27513 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (919) 659-2100
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 (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 a Material Definitive Agreement. |
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
On July 7, 2013, SciQuest, Inc. (the “Company”) entered into that certain Office Lease with Duke Realty Limited Partnership (the “Lease”), for the lease of office space to replace the Company’s current corporate headquarters. The leased space will be approximately 78,565 square feet. The leased premises are to be constructed with a target completion date of August 1, 2014. The Lease term will commence upon the later of August 1, 2014 or substantial completion of the leased premises and will extend for 120 months thereafter. The Company’s lease payments will consist of annual minimum rent payments, payable in monthly installments, together with the Company’s proportionate share of operating expenses for the lease premises. The annual minimum rent payments commence at $1.15 million for the first year of the Lease and increase annually during the term of the lease to $2.15 million for the final year of the Lease.
| Item 9.01. | Financial Statements and Exhibits. |
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Exhibit No. | | Description |
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| 10.1 † | | Office Lease, dated as of July 7, 2013, by and between Duke Realty Limited Partnership and the Company |
| † | Schedules and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company hereby undertakes to furnish supplementally copies of any of the omitted schedules and exhibits upon request by the Securities and Exchange Commission. |
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.
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| | | | SCIQUEST, INC. |
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| Date: July 10, 2013 | | | | |
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| | | | | | By: | | /s/ Stephen J. Wiehe |
| | | | | | | | Stephen J. Wiehe |
| | | | | | | | President and Chief Executive Officer |
| | | | | | | | (Principal Executive Officer) |
EXHIBIT INDEX
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| 10.1 | | Office Lease, dated as of July 7, 2013, by and between Duke Realty Limited Partnership and the Company |
