UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) July 27, 2006
CRAWFORD & COMPANY
(Exact Name of Registrant as Specified in Its Charter)
Georgia
(State or Other Jurisdiction of Incorporation)
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| 1-10356
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58-0506554 |
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| (Commission File Number)
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(IRS Employer Identification No.) |
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| 5620 Glenridge Drive, N.E., Atlanta, Georgia
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30342 |
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| (Address of Principal Executive Offices)
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(Zip Code) |
(404) 256-0830
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01. Entry into a Material Definitive Agreement
On July 27, 2006, the Company entered into a lease agreement with Hewlett-Packard Company, a
Delaware corporation (“HP”), effective as of July 1, 2006 providing for the Company’s lease of
approximately 160,230 square feet in HP’s building at 20 Perimeter Summit Boulevard N.E.,
Atlanta, Georgia for utilization as the Company’s headquarters . The lease
has an initial term of 11 years at an initial monthly rental of $205,546.00. The monthly rental
increases annually at a rate of approximately 2.75% per year, resulting in a monthly rental of
$362,000.46 during the eleventh year of the lease. The Company is also responsible for a
proportion of HP’s property operating expenses attributable to the lease.
The lease provides for 3 options to renew for successive 5 year terms. The lease also provides the
Company a monthly rent credit through September 30, 2008. The monthly credit is $145,516.00 per
month though September 30, 2007. The monthly rent credit increases to $148,416.00 per month from
October 1, 2007 through September 30, 2008.
A copy of the lease agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
The following exhibit is filed herewith:
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Descriptions |
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10.1
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Lease |