SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 3, 2012
DURATA THERAPEUTICS, INC.
(Exact Name of Registrant as Specified in Charter)
89 Headquarters Plaza North, 14th Floor
Morristown, New Jersey 07690
(Address of Principal Executive Offices) (Zip Code)
Registrants telephone number, including area code: (973) 993-4865
(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:
Item 1.01. Entry into a Material Definitive Agreement.
On August 3, 2012, as contemplated by the prospectus related to the initial public offering of Durata Therapeutics, Inc. (the Company), the Company entered into a lease with 200 S. Wacker Property Owner, L.L.C., as landlord, for approximately 10,300 square feet of office space at 200 South Wacker Drive in Chicago, IL. The Company intends to use the leased premises for corporate and commercial functions. The lease term commences on the later to occur of the delivery of the premises to the Company with substantial completion of the tenant improvement construction being performed by the landlord and November 1, 2012, and expires five years and five months thereafter. The Company has the option to extend the term of the lease for one additional five year period. There are no scheduled rent payments due for the first 5 months of the lease term. Thereafter, the Company has agreed to pay aggregate rental fees of approximately $1.2 million over the remaining 60 month term. The lease also provides the Company with temporary office space at the same address until construction work on the leased premises is completed. The Company will provide a security deposit in the form of a letter of credit for the benefit of the landlord in the amount of $500,000, which amount will be reduced incrementally over the term of the lease.
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.