UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On December 31, 2020, Manitex International, Inc. (the “Company”) entered into a Third Amendment to Lease (the “Lease Amendment”) to the Lease Agreement dated May 26, 2010, between the Company and KB Building, LLC, an Illinois limited liability company (the “Lessor”), as amended by the first Lease Amendment dated June 6, 2014 and the second Lease Amendment dated October 3, 2018 (as so amended, the “Lease”). Pursuant to the Lease, the Company leases the land and building located at 9725 South Industrial Drive, Bridgeview, Illinois 60455 (the “Property”). Pursuant to the Lease Amendment, the expiration of the initial lease term was extended from May 31, 2025 to May 31, 2027. The Lease Amendment also modified the optional extension provisions of the Lease, such that the Company will have the option to extend the term of the Lease for two additional five-year periods, beginning on June 1, 2027 and June 1, 2032. In addition, the Lease Amendment eliminated the Company’s option to purchase and the Lessor’s option to require the Company to purchase the Property that previously existed under the Lease.
In connection with the Lease Amendment, TP Bridgeview LLC, a Delaware limited liability company and an unaffiliated third party, acquired the Lease and the Property effective December 31, 2020, and will be the lessor under the Lease going forward.
The description of the Lease Amendment set forth herein does not purport to be complete and is qualified in its entirety by reference to the full text of the Lease Amendment as attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Description | |
| 10.1 | Lease Amendment, dated December 31, 2020, between the Company and KB Building, LLC. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MANITEX INTERNATIONAL, INC. | ||
| By: | /s/ Joseph Doolan | |
| Name: | Joseph Doolan | |
| Title: | Chief Financial Officer | |
Date: January 6, 2021