Business Context and Reporting Period
Applied Optoelectronics, Inc. filed a Form 8-K Current Report on July 21, 2014, regarding a material definitive agreement. The company is incorporated in Delaware and maintains its principal executive offices in Sugar Land, Texas.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a lease amendment.
Material Changes
The Company entered into a Third Amendment to its Office Lease Agreement with 12808 W. Airport, LLC. Key changes include:
- Space Expansion: Added approximately 1,715 square feet, bringing the total leased space to approximately 8,781 square feet at 12808 W. Airport Blvd., Sugar Land, Texas.
- Lease Term: A 25-month term commencing June 1, 2014, and ending June 30, 2016.
- Rent Structure:
- June 1, 2014 to May 31, 2015: Base monthly rent of $2,786.88.
- June 1, 2015 to June 30, 2016: Base monthly rent of $2,858.33.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or discussion of risks and contingencies beyond the standard disclaimer that the summary is qualified by reference to the full text of the Amendment attached as Exhibit 10.1.
Investor Verification Checklist
- Verify the total square footage and location of the expanded premises.
- Confirm the specific start and end dates of the 25-month lease term.
- Review the full text of Exhibit 10.1 for additional obligations, such as common area maintenance (CAM) charges or security deposits, which are not detailed in the summary.
- Assess the impact of the increased monthly rent on the company's operating expenses.