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): November 15, 2012
DORMAN PRODUCTS, INC.
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (215) 997-1800
Former name, former address, and former fiscal year, 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 November 15, 2012, Dorman Products, Inc. (the Company) and BREP I, entered into a new real estate lease (the Lease) for the Companys principle corporate offices located at 3400 East Walnut Street, Colmar, PA (the Premises). The Premises consists of approximately 342,000 square feet of office, warehouse, and storage space. The existing lease for the Companys principle corporate offices between the Company and BREP I will expire on December 28, 2012. The term of the Lease will begin on December 29, 2012 and expire on December 31, 2017, unless terminated or renewed in accordance with its terms.
The Lease is a triple net non-terminable lease under which the Company is responsible for all expenses attributable to the Premises (including maintenance and repair) and the conduct of its operations in compliance with all applicable laws and regulations. Under the Lease, the Company will pay BREP I annual rent of $4.40 per square foot, subject to an annual rent increase based on the Consumer Price Index, All Urban Consumers U.S. City Average, All Items. The approximate amount of rent expected to be paid over the life of the five year life of the Lease is $8 million.
BREP I is a limited partnership of which Steven Berman, the Companys Chairman and Chief Executive Officer, and his family members are partners.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information included in Item 1.01 above of this Current Report on Form 8-K is incorporated into this Item 2.03 of this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
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.