secwatch.observer — SEC 8-K summary
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Issuer:     SYNAPTICS Inc (SYNA)
CIK:        0000817720
Form:       8-K
Filed at:   2021-12-01T23:59:59+00:00
Accession:  0001193125-21-345308
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synaptics agrees to $58M sale-leaseback of San Jose properties; signs 12-year leaseback
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- Purchase price $58M for properties at 1109-1251 McKay Dr and 1140-1150 Ringwood Ct, San Jose.
- Closing expected in Q3 fiscal 2022 (Feb 2022), subject to customary conditions.
- Synaptics will lease back buildings at 1109 and 1151 McKay Dr for initial 12-year term, with option to extend 7 more years.
- Net proceeds reduced by transaction commissions and expenses.
- Transaction structured as sale-leaseback; buyer is S B C & D Co. d/b/a South Bay Development Company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/817720/000119312521345308/0001193125-21-345308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/817720/000119312521345308/d200710d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-345308

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