secwatch.observer — SEC 8-K summary
======================================

Issuer:     NATURAL ALTERNATIVES INTERNATIONAL INC (NAII)
CIK:        0000787253
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001437749-23-020535
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NAI extends Vista, CA manufacturing lease through Aug 2034; plans $2.3M solar system
--------------------------------------------------------------------------------

- Fourth Amendment extends lease 125 months (10 yrs 5 mos) from Apr 1, 2024 to Aug 31, 2034.
- Base rent starts at $243,000/mo ($1.50/sq ft) for 162,000 sq ft, with 5 months abatement.
- Tenant to install ~$2.3M solar electric system; Landlord reimburses up to $1.134M ($7/sq ft).
- Existing $106,069 security deposit remains; one renewal option for 60 months available.
- Substantial additional tenant improvements planned; Landlord funds 90% of allowance in progress payments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/787253/000143774923020535/0001437749-23-020535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/787253/000143774923020535/naii20230724_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020535

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