form_8k-londontowne.htm
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): February 27,
2008
GSE
Systems, Inc.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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0-26494
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52-1868008
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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7133
Rutherford Rd., Suite 200, Baltimore, MD
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21244
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(Address
of principal executive offices)
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(Zip
code)
|
|
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Registrant’s
telephone number, including area code:
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(410)
277-3740
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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)
|
[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
|
[ ]
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Pre-commencement
communications pursuant to Rule 13c-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
1.01 Entry Into a Material Definitive Agreement.
On
February 27, 2008, GSE Systems, Inc. (the “Company”), entered into a ten (10)
year Agreement of Lease (the “Agreement”) with 1332 Londontown Road, LLC
(“Landlord”), a Maryland limited liability company. Pursuant to the
terms of the Agreement, GSE will lease approximately 31,583 square feet of
office space located at 1322 Londontown Road, Eldersburg, Maryland 21784
with an
aggregate annual rent of $323,725.75, or $26,977.15 per month, which amount
shall increase three percent (3%) per annum on the anniversary date of the
Agreement. Payment of rent commences August 1, 2008 or the date
thirty (30) days after delivery of the premises on which work the Landlord
agreed to undertake to make the premises suitable for GSE’s occupancy is
substantially complete. The Agreement also provides for a right of first
offer
on space adjacent to the space GSE agreed to lease.
Item
9.01. Financial Statements and Exhibits
(d)
Exhibits
Exhibit
Number
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Description
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*
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10.1
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|
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Agreement
of Lease, dated as of February 27, 2008 by and between 1332 Londontown
Road, LLC and GSE Systems, Inc.
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* Confidential
portions of this agreement have been omitted pursuant to a request for
confidential treatment filed separately with the U.S. Securities and Exchange
Commission.
SIGNATURES
Pursuant
to the requirements of the
Securities Exchange Act of 1934, as amended, the Company has duly caused this
report to be signed on its behalf by the undersigned hereunto duly
authorized.
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|
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Date:
March 11, 2008
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GSE
SYSTEMS, INC.
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By:
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/s/
Jeffery G. Hough |
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Name: Jeffery
G. Hough
Title: Chief
Financial Officer
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