eHealth, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by eHealth, Inc. on August 17, 2016. The report details the entry into a material definitive agreement regarding the company's office space in Gold River, California.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to the specific terms of a lease amendment:
- Agreement Type: Ninth Amendment to Lease and Acknowledgment to Standard Lease Agreement (Office).
- Counterparty: Carlsen Investments, LLC.
- Lease Extension: Two-year extension from January 1, 2019, to December 31, 2020.
- Option: One-time option to extend for an additional three-year term.
Material Changes and Lease Terms
The amendment modifies the existing lease dated June 10, 2004. The monthly base rent per square foot and total monthly base rent are scheduled to increase as follows:
| Period | Rent per Sq. Ft. | Total Monthly Rent |
|---|---|---|
| July 21, 2016 - Dec 31, 2016 | $1.97 | $88,133 |
| Jan 1, 2017 - Dec 31, 2017 | $2.02 | $90,371 |
| Jan 1, 2018 - Dec 31, 2018 | $2.07 | $92,607 |
| Jan 1, 2019 - Dec 31, 2019 | $2.12 | $94,845 |
| Jan 1, 2020 - Dec 31, 2020 | $2.17 | $97,081 |
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or discussion of risks beyond the obligation created by the lease extension. The text notes that the description of terms is qualified by reference to the full text of the Lease Amendment attached as Exhibit 10.1.
Investor Verification Checklist
- Verify the total square footage of the Gold River, California office space to contextualize the per-square-foot rent increases.
- Review Exhibit 10.1 (Ninth Amendment to Lease) for additional covenants, termination rights, or expense responsibilities not summarized in the 8-K.
- Confirm the impact of the increased rent obligations on the company's future operating cash flow projections.