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): September 18, 2008
TECHTARGET,
INC.
(Exact
Name of Registrant as Specified in Charter)
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Delaware
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1-33472
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04-3483216
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification
No.)
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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)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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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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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item 1.01
Entry into Material Definitive Agreement
On
September 12, 2008, TechTarget, Inc. (the “Company”) entered into a Lease
Agreement (the “Lease Agreement”) with CFRI/CQ Norwood Upland, L.L.C. (“Lessor”)
pursuant to which the Company has agreed to lease approximately 113,017 square
feet of a building located at Lot 4 of the Upland Woods Corporate Center in
Norwood, Massachusetts (the “Leased Premises”). The Leased Premises
are under construction, completion of which is scheduled for no later than
December 31, 2009 (the “Scheduled Completion Date”). The Company
intends to move all of its operations currently conducted at 117 Kendrick
Street, Needham, Massachusetts to the Leased Premises on or
about January 1, 2010.
The
commencement date for the lease 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 Agreement (the
“Commencement Date”). The term of the Lease Agreement expires 10
years from the Commencement Date. The Company has been granted the
option to extend the term for two additional five-year
periods. The annual fixed rent payable by the Company from the
Commencement Date through the first five years is $28.75 per rentable square
foot and from year six through the end of the initial term is $30.75 per
rentable square foot. The Company has secured a letter of credit to
satisfy the security deposit of approximately $737,402 to the Lessor in
accordance with the terms of the Lease Agreement.
If
the Company defaults in the performance of certain obligations under the Lease
Agreement, including failure to timely pay rent obligations, the Lessor may
terminate the Lease Agreement upon no less than ten days notice and the Company
will remain liable as provided in the agreement.
The
foregoing is only a summary of the Lease Agreement and is qualified in its
entirety by reference to the Lease Agreement, 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.
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TECHTARGET,
INC. |
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Date:
September 18, 2008
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By:
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/s/ ERIC
SOCKOL |
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Eric
Sockol
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Treasurer
and Chief Financial Officer
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