---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-003243"
form_type: "8-K"
ticker: "PMDI"
cik: "0000806517"
company_name: "PSYCHEMEDICS CORP"
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T07:00:06.830714+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Psychemedics terminates Culver City lease; expects $250K net savings

## Summary
- Lease termination effective June 30, 2024 for 5750 Hannum Ave, Culver City, CA.
- Consideration payable to landlord is approximately $110,000.
- Company expects $250,000 net cost savings over remaining lease term.
- Original lease dated July 29, 2019 with Culver City/Hannum, LLC.

## SEC filing metadata
- accession: 0001171843-24-003243
- form_type: 8-K
- ticker: PMDI
- cik: 0000806517
- company_name: PSYCHEMEDICS CORP
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/806517/000117184324003243/0001171843-24-003243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/806517/000117184324003243/f8k_060324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-003243
- JSON: https://secwatch.observer/filing/0001171843-24-003243.json
- Plain text: https://secwatch.observer/filing/0001171843-24-003243.txt

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