Dot Hill Systems Corporation
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): April 12, 2007
Dot Hill Systems Corp.
(Exact name of registrant as specified in its charter)
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| Delaware
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1-13317
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13-3460176 |
| (State or other jurisdiction of
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(Commission File Number)
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(I.R.S. Employer |
| incorporation)
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Identification No.) |
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| 2200 Faraday Avenue, Suite 100, Carlsbad, CA
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92008 |
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(Zip Code) |
Registrant’s telephone number, including area code: (760) 931-5500
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):
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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)) |
TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement.
On April 12, 2007, we entered into a lease contract with Circle Capital Longmont LLC,
under which we will lease approximately 44,300 square feet of office and laboratory space located
at 1351 South Sunset in Longmont, Colorado. We will use this office and laboratory space as our
new research and development facility. The lease contract provides for a term of 65 months,
tentatively commencing in August 2007 and ending December 2012. Rental obligations will be payable
on a monthly basis. Future minimum lease payments associated with this lease are as follows:
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Minimum Lease |
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| Year |
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Payment |
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2007 (Remaining) |
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$ |
— |
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2008 |
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382,000 |
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2009 |
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393,000 |
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2010 |
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405,000 |
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2011 |
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417,000 |
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2012 |
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424,000 |
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Total |
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$ |
2,021,000 |
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In addition to our rental obligations, we will be responsible for certain costs and
charges specified in the contract, including certain operating and utility expenses. The lease is
attached hereto as Exhibit 10.1 and is incorporated herein by reference.
The lease for our current research and development facility located in Longmont, Colorado
expires in accordance with its terms on July 31, 2007.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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| Exhibit |
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Description |
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10.1
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Lease Agreement by and between Dot Hill Systems Corp. and Circle Capital Longmont LLC as of
April 12, 2007. |
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.
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DOT HILL SYSTEMS CORP.
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By: |
/s/ Hanif I. Jamal
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Hanif I. Jamal |
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Senior Vice President, Chief
Financial Officer and Secretary |
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Date: April 16, 2007
EXHIBIT INDEX
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| Exhibit |
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Description |
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10.1
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Lease Agreement by and between Dot Hill Systems Corp. and Circle Capital Longmont LLC as of
April 12, 2007. |