secwatch.observer — SEC 8-K summary
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Issuer:     NORTECH SYSTEMS INC (NSYS)
CIK:        0000722313
Form:       8-K
Filed at:   2024-11-27T23:59:59+00:00
Accession:  0001493152-24-048016
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nortech Systems extends Milaca facility lease to June 2030 with 5-year renewal option
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- Lease amended to extend term through June 30, 2030; one 5-year renewal option available.
- Base rent set at $5.00/sq ft ($100,000/year), payable in equal monthly installments.
- Expansion option allows adding 20,000-25,000 sq ft with construction costs amortized over 240 months.
- Expansion rent adjusted to ensure landlord's outstanding debt ≤$400,000 at renewal expiry.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722313/000149315224048016/0001493152-24-048016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722313/000149315224048016/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048016

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