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
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Date of Report (Date of Earliest Event Reported): |
October 29,
2007 |
En Pointe
Technologies, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
(State or
other jurisdiction of incorporation)
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000-28052 |
75-2467002 |
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(Commission File Number) |
(I.R.S.
Employer Identification No.) |
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2381 Rosecrans Avenue, Suite 325
El
Segundo,
California
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90245 |
(Address
of principal executive offices) |
(Zip
Code) |
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Registrant’s
telephone number, including area code |
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_____________________Not
Applicable____________________
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:
[ ]
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))
Item
1.01 Entry into a Material Definitive Agreement.
On October 29,
2007, En Pointe Technologies Sales, Inc., a wholly-owned subsidiary
of En Pointe Technologies, Inc., entered into a lease agreement for
the new corporate headquarters of the company. The property to
be leased is a two story office building with 29,032 square feet of office
space in Carson, California. The lease is for a period of seven years
commencing on November 1, 2007. The lease requires monthly payments of
$48,483.44 for the first year and contains an annual base rent increase of
3% that is effective for each November 1 for the succeeding six
years. There is an option to extend the lease for two
additional five year periods. Each of the two option
periods to extend the lease contain the same base rent increases of
3% as found in the original lease. The scheduled monthly
payments under the lease extension options are at the same original
base monthly rate of $48,483.44 plus the sum of the accumulated annual 3% base
rent increases to date. A security deposit of
$96,966.88 is due upon execution of the lease. The lessee is responsible
for the payment of real property taxes on the leased premises as well as for all
utilities and services. The parent company, En Pointe Technologies, Inc.,
has guaranteed the lease.
The
lessor of the leased corporate headquarters, Dominguez Channel, LLC, is 85%
owned by the Chief Executive Officer of the Registrant and
four members of his immediate family, two of whom are employees and another
a director of the Registrant. The terms and provisions of the
Lease Agreement were reviewed and unanimously approved on August 8, 2007 by
the Registrant's Audit Committee, comprised of distinterested
directors.
The foregoing
description of the Amendment is qualified in its entirety by reference to the
Amendment, which is attached as Exhibit 10-64 hereto and is incorporated herein
by reference.
Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The
disclosure set forth above under Item 1.01 is hereby incorporated by reference
into this Item 2.03.
Item
9.01 Financial Statements and Exhibits.
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(a)
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Financial
statements of business acquired. |
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Not
applicable. |
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(b) |
Pro forma financial information. |
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Not
applicable. |
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(c) |
Shell
Company Transactions. |
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Not
applicable. |
(d) Exhibits:
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Exhibit
Number |
Description |
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Exhibit
10-64 |
Lease
dated October 29, 2007 between Dominguez Channel, LLC and the Registrant
for certain office properties located at 18701 S. Figueroa Street,
Carson,
California. |
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.
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En Pointe Technologies, Inc. |
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October
29, 2007 |
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By: |
/s/
Robert A. Mercer |
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Name:
Robert A. Mercer |
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Title:
Corporate Secretary |