secwatch.observer — SEC 8-K summary
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Issuer:     PSYCHEMEDICS CORP (PMDI)
CIK:        0000806517
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001171843-24-003243
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/806517/000117184324003243/0001171843-24-003243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/806517/000117184324003243/f8k_060324.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-003243

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