Business Context and Reporting Period
Company: Entravision Communications Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: January 25, 2021
Reporting Period: Event date January 25, 2021 (Amendment effective January 14, 2021)
The Company entered into a Fourth Amendment to its existing Office Lease for its corporate headquarters located in Santa Monica, California.
Key Financial Metrics
This filing is a current report regarding a material definitive agreement and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity metrics. The filing text does not provide a clear value for these financial indicators.
Material Changes
- Lease Amendment: Entered into a Fourth Amendment to the Office Lease dated August 19, 1999, with Water Garden Company L.L.C.
- Relocation: The Company will relocate its corporate headquarters within the same building to a space of approximately 8,700 square feet.
- Term Extension: Upon relocation, the lease term will be extended for a period of five years.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the execution of the lease amendment. No unusual items were reported.
Investor Verification Checklist
- Verify the specific terms of the rent and operating costs associated with the new 8,700 square foot space.
- Confirm the exact start date of the five-year lease extension relative to the physical relocation.
- Review the full text of Exhibit 10.1 (Fourth Amendment) for any other modified terms or conditions not summarized in the 8-K.