UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.45 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 | Entry into a Material Definitive Agreement. |
On July 2, 2020 GCP Applied Technologies Inc. (“GCP”) and IQHQ, L.P. entered into a Real Estate Purchase and Sale Agreement (the “Agreement”) for the sale of GCP’s corporate headquarters located at 62 Whittemore Avenue, Cambridge Massachusetts 02140 for a purchase price of $125,000,000. The Agreement also contains a lease back provision to allow GCP to remain in its current location for up to twenty-four (24) months. Consummation of the sale is subject to customary closing conditions and is anticipated to close in the quarter ending September 30, 2020.
A copy of the Agreement is included as Exhibit 10.1. The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement, which is incorporated herein by reference.
Item 8.01 | Other Events. |
On July 8, 2020, GCP issued a press release announcing the Agreement. A copy of this press release is filed as Exhibit 99.1 to this Report on Form 8-K and is incorporated into this Item 8.01 by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit |
Description | |||
10.1* |
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99.1 |
Press release issued by GCP Applied Technologies Inc. on July 8, 2020. |
* | Certain exhibits to this agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted exhibit will be furnished as a supplement to the Securities and Exchange Commission upon request. |
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.
GCP Applied Technologies Inc. | ||||
Date: July 8, 2020
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By: |
/s/ James E. Thompson | ||
Name: |
James E. Thompson | |||
Title |
Vice President, General Counsel and Secretary |