secwatch.observer — SEC 8-K summary
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Issuer:     Organogenesis Holdings Inc. (ORGO)
CIK:        0001661181
Form:       8-K
Filed at:   2021-08-16T23:59:59+00:00
Accession:  0001193125-21-247828
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Organogenesis buys Canton facility for $6M from directors/stockholders; terminates lease
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- Purchased land and building at 275 Dan Road, Canton, MA for $6M cash from seller owned by directors/stockholders.
- Also agreed to pay deferred rent of ~$5.06M plus accrued interest ~$1.05M over installments with 4.5% annual simple interest.
- Existing lease dated Jan 1, 2013 terminated with no penalties; transaction approved by Audit Committee.
- Seller entity owned by Alan Ades, Dennis Erani, and Glenn Nussdorf; Ades and Nussdorf are on Organogenesis board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1661181/000119312521247828/0001193125-21-247828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1661181/000119312521247828/d147543d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-247828

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer