TrueCar Inc. filed SEC Form 8-K: Termination of a Material Definitive Agreement, Entry into a Material Definitive Agreement
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM 8-K
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Item 1.02 Termination of a Material Definitive Agreement.
As previously reported, on July 10, 2014, TrueCar, Inc. (the “Company”) entered into an office building lease (the “Lease”) with Mani Brothers Portofino Plaza (DE), LLC, a Delaware limited liability company (the “Landlord”), pursuant to which the Company leased office space located at 1401 Ocean Avenue, Santa Monica, California (the “Premises”). The material terms of the Lease were included in Item 1.01 of the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (the “SEC”) on July 16, 2014, which is incorporated by reference herein. The description of the Lease incorporated by reference is not complete and is subject to and qualified in its entirety by the Lease, a copy of which was filed as Exhibit 10.5 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2014, filed with the SEC on August 14, 2014.
On April 10, 2024, the Company notified the Landlord that the Company was terminating the Lease, effective immediately, due to the Landlord’s breach of both the express terms of the Lease and the Lease’s implied covenant of quiet enjoyment, as well as the Landlord’s conduct constituting a constructive eviction of the Company from the Premises. Also on April 10, 2024, the Company filed a lawsuit in Los Angeles Superior Court, seeking a declaratory judgment that its termination of the lease was justified under applicable California law, along with certain other relief. Other than to the extent required by law, the Company does not intend to amend this current report on Form 8-K to provide updated information regarding such lawsuit. The Company intends to vacate the Premises as soon as reasonably feasible.
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 12, 2024
| TRUECAR, INC. | |||||
| By: | /s/ Jeff Swart | ||||
| Jeff Swart | |||||
| EVP, General Counsel & Secretary | |||||