8-K
filed January 11, 2023, 6:59 PM ET
ticker CCOI
CIK 0001158324
other material
confidence high
sentiment neutral
materiality 0.60
Cogent enters two related-party leases with CEO's entities for office and network ops space
COGENT COMMUNICATIONS HOLDINGS, INC.
- Office lease: 54,803 sq ft in Herndon, VA; fixed annual rent $1,205,666 for 5-year term.
- Network operations lease: 1,587 sq ft; fixed annual rent $39,914 for 5-year term.
- Both leases cancellable without penalty upon 60 days' written notice.
- Lessors Thorium LLC and Germanium LLC are owned by CEO David Schaeffer; Audit Committee approved.
- Leases replace a portion of current office space in Northern Virginia.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
COGENT COMMUNICATIONS HOLDINGS, INC. entered into New Leases with Thorium LLC valued at $1,205,666 (effective 2023-01-06).
- Action
- entry
- Agreement
- lease
- Counterparty
- Thorium LLC
- Value
- $1,205,666
- Effective
- 2023-01-06
Exact text from the filing
On January 6, 2023, Cogent Communications, Inc., a wholly owned subsidiary of Cogent Communications Holdings, Inc. (the “Company”), entered into two lease agreements (the “New Leases”), one with Thorium LLC and one with Germanium LLC, entities owned by the Company’s Chief Executive Officer, David Schaeffer.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
COGENT COMMUNICATIONS HOLDINGS, INC. entered into New Leases with Germanium LLC valued at $39,914 (effective 2023-01-06).
- Action
- entry
- Agreement
- lease
- Counterparty
- Germanium LLC
- Value
- $39,914
- Effective
- 2023-01-06
Exact text from the filing
On January 6, 2023, Cogent Communications, Inc., a wholly owned subsidiary of Cogent Communications Holdings, Inc. (the “Company”), entered into two lease agreements (the “New Leases”), one with Thorium LLC and one with Germanium LLC, entities owned by the Company’s Chief Executive Officer, David Schaeffer.
View on SEC.gov
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