0001448056-19-000025.txt : 20190702 0001448056-19-000025.hdr.sgml : 20190702 20190702161043 ACCESSION NUMBER: 0001448056-19-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190626 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20190702 DATE AS OF CHANGE: 20190702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW RELIC, INC. CENTRAL INDEX KEY: 0001448056 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 262017431 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36766 FILM NUMBER: 19937418 BUSINESS ADDRESS: STREET 1: 188 SPEAR STREET, STE. 1200 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 650-777-7600 MAIL ADDRESS: STREET 1: 188 SPEAR STREET, STE. 1200 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: NEW RELIC, INC DATE OF NAME CHANGE: 20151105 FORMER COMPANY: FORMER CONFORMED NAME: NEW RELIC INC DATE OF NAME CHANGE: 20081016 8-K 1 a8k722019.htm 8-K Document


 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________
 FORM 8-K
_______________________________________ 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
June 26, 2019
Date of Report (Date of earliest event reported)
_______________________________________ 
New Relic, Inc.
(Exact name of registrant as specified in its charter)
_______________________________________ 
Delaware
 
001-36766
 
26-2017431
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification Number)
188 Spear Street, Suite 1200
San Francisco, California 94105
(Address of principal executive offices, including zip code)
(650) 777-7600
(Registrant’s telephone number, including area code)
_______________________________________ 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
 
 
 
 
Emerging growth company
 
☐
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. ☐

Securities registered pursuant to Section 12(b) of the Act:    
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
NEWR
New York Stock Exchange




Item 1.01     Entry into a Material Definitive Agreement
On June 26, 2019, New Relic, Inc. (the “Company”) entered into an Eighth Amendment to the lease agreement (the “Amendment”) with 111 SW 5th Avenue Investors LLC in the building located at 111 SW 5th Avenue, Portland, Oregon (the “Building”).

Under the Amendment, the Company will lease an additional 20,003 rentable square feet on the entire 23rd floor of the Building (the “Fifth Expansion Premise”) and 19,835 rentable square feet on the entire 21st floor of the Building (the “Sixth Expansion Premise” and, together with the Fifth Expansion Premise, the “Expansion Premises”). The lease term for the Fifth Expansion Premise is anticipated to commence on or before April 1, 2020 and will expire on the last day of the ninety-sixth full calendar month following the actual commencement date for such space (the “Expansion Expiration Date”). The lease term for the Sixth Expansion Premise is anticipated to commence on or before October 1, 2020 and will expire concurrently on the Expansion Expiration Date. The Amendment also extends the Company's existing lease term on the 22nd floor of the Building, which would have otherwise expired on March 31, 2026, to expire concurrently on the Expansion Expiration Date.

In addition, the Amendment grants the Company certain additional rights, including an option to lease additional floors, a right to cause the earlier expiration of the Company's existing lease term for the 5th floor of the Building and a right of first offer for certain additional space.

Subject to the terms and conditions of the Amendment, the Company will pay a monthly base rent for the Expansion Premises at an initial rate of $27.50 per rentable square feet increasing by $1.00 per rentable square foot annually thereafter. Furthermore, the landlord has agreed to provide the Company with a tenant improvement allowance of up to $65.00 per rentable square feet for the Expansion Premises, which may, at the Company’s discretion, be allocated to all or any portion of space or premises leased, or to be leased, by the Company in the Building.

The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full terms of the Amendment, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending June 30, 2019.


Item 2.03    Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The description set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in its entirety into this Item 2.03.





SIGNATURES
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.
 
 
 
New Relic, Inc.
 
 
 
 
Date:
July 2, 2019
By:
/s/ Mark Sachleben
 
 
 
Mark Sachleben
 
 
 
Chief Financial Officer