Form 8-K

 

 

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

April 11, 2011

Date of Report (Date of earliest event reported)

 

 

AGENUS INC.

(Exact name of registrant as specified in its charter)

 

 

 

DELAWARE   000-29089   06-1562417
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

3 Forbes Road

Lexington, MA

  

02421

(Address of principal executive offices)

   (Zip Code)

781-674-4400

(Registrant’s telephone number, including area code)

 

 

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 (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 1.01 Entry into a Material Definitive Agreement

On April 11, 2011, Agenus Inc. (the “Company”) and TBCI, LLC executed a Fifth Amendment of Lease reducing the Company’s occupied space of its Lexington, Massachusetts location from approximately 162,000 square feet to approximately 83,000 square feet thus reducing the Company’s annual rental payments by approximately $1.1 million over the remaining lease term. In addition, facility related operating expenses are estimated to decrease approximately $400,000 per year. The Company’s rent and operating expenses will be reduced commencing no later than November 1, 2011.

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.

 

    AGENUS INC.

Date: April 15, 2011

     By:  

/s/ Shalini Sharp

      Shalini Sharp
      Chief Financial Officer