Current Report Filing (8-k)
September 18 2020 - 4:28PM
Edgar (US Regulatory)
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0001158114
2020-09-15
2020-09-15
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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):
September 15, 2020
______________
Applied
Optoelectronics, Inc.
(Exact name of Registrant as specified
in its charter)
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Delaware
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001-36083
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76-0533927
|
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(State of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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13139 Jess Pirtle Blvd.
Sugar Land, TX 77478
(address of principal executive offices
and zip code)
(281) 295-1800
(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:
☐ 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))
Securities registered pursuant to Section
12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, Par value $0.001
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AAOI
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NASDAQ Global Market
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 1.01
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Entry into a Material Definitive Agreement.
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On
September 15, 2020, Prime World International Holdings Ltd. (the “Company”), a wholly owned subsidiary of Applied Optoelectronics,
Inc., entered into an Amendment to the Finance Lease Agreements (the “Amendment”) with Chailease Finance Co., Ltd.
(“Chailease”). The Amendment amends the Finance Lease Agreements, dated November 29, 2018 and January 21, 2019, between
the Company and Chailease (hereafter collectively referred to as the “Original Agreements”).
Pursuant to the Amendment,
the Company agrees to pay Chailease 22,311,381 NTD for certain leased equipment listed in the Amendment (the “Leased Equipment”).
This payment will include all outstanding lease payments, costs and expenses; simultaneously, Chailease agrees to transfer title
of such Leased Equipment back to the Company.
Regarding all other
equipment contemplated in the Original Agreements but not listed in the Amendment, pursuant to the terms and conditions made under
the Original Agreements, the Company is obligated to pay Chailease monthly lease payments which total 159,027,448 NTD (the “Lease
Payments”). The Lease Payments will begin on September 21, 2020 with the last Lease Payment due on January 21, 2022, title
of all other equipment contemplated under the Original Agreements but not listed in the Amendment will transfer to the Company
upon completion of the Lease Payments and expiration of the Original Agreements.
The foregoing description
of the Amendment does not purport to be a complete statement of the parties’ rights and obligations under the Amendment and
is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached as Exhibit 10.1 to this
Current Report on Form 8-K and incorporated by reference herein.
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Item 2.03
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Creation of a Direct Financial Obligation or an
Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
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The information contained in Item 1.01 of
this Current Report on Form 8-K with respect to the Amendment is incorporated by reference herein and made a part hereof.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
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.
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Applied Optoelectronics, Inc.
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By:
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/s/ DAVID C. KUO
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David C. Kuo
General
Counsel and Vice President
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Date: September 18, 2020
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