---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-076817"
form_type: "8-K"
ticker: "EXPO"
cik: "0000851520"
company_name: "EXPONENT INC"
filed_at: "2024-06-24T23:59:59+00:00"
generated_at: "2026-06-01T02:39:34.714529+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Exponent extends Arizona lease to 2043; annual rent rises to $6.2M from $1M

## Summary
- Lease extension for 15 years starting Jan 17, 2028 through Jan 16, 2043.
- Current annual rent of $1,009,000 holds until Jan 16, 2028; then jumps to $6,183,325 per year.
- Rent adjusted every 5 years based on CPI, with first adjustment in 2033.
- Lessee retains right to remove vertical improvements; no additional rent for improvements during extension.

## SEC filing metadata
- accession: 0000950170-24-076817
- form_type: 8-K
- ticker: EXPO
- cik: 0000851520
- company_name: EXPONENT INC
- filed_at: 2024-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/851520/000095017024076817/0000950170-24-076817-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/851520/000095017024076817/expo-20240619.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-076817
- JSON: https://secwatch.observer/filing/0000950170-24-076817.json
- Plain text: https://secwatch.observer/filing/0000950170-24-076817.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.