Hippo Holdings Inc. filed SEC Form 8-K: Termination of a Material Definitive Agreement
$HIPO
Property-Casualty Insurers
Finance
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
Date of Report (Date of earliest event reported): April 14, 2025
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Item 1.02 Termination of a Material Definitive Agreement
On April 14, 2025, Hippo Analytics Inc. (the “Company”) entered into a Second Amendment to Lease (the “Second Amendment”) with Tallwood Forest, LLC (the “Landlord”) providing for the termination by the Company of that certain Lease Agreement, dated as of June 14, 2019, as amended on January 26, 2020, by and between the Company and the Landlord (the “Lease”) of 150 Forest Ave., Palo Alto, California, 94301 (the “Property”). The Property consists of approximately 15,000 rentable square feet. Pursuant to the Second Amendment, the Company and the Landlord agreed to terminate the Lease effective as of April 14, 2025, and the Company agreed to surrender the Property and pay a one-time lease termination payment of $1,438,411 to the Landlord. The Company is currently in the process of securing office space in San Jose, CA and expects to finalize this in the near term. The move from Palo Alto to San Jose is expected to result in significant annual cost savings.
The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the complete terms and conditions of the Second Amendment to be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q to be filed with the SEC for the fiscal quarter ending March 31, 2025.
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.
Date: April 18, 2025
| HIPPO HOLDINGS, INC. | ||||||||
| By: | /s/ GUY ZELTSER | |||||||
| Guy Zeltser | ||||||||
| Chief Financial Officer | ||||||||