Item 1.01 Entry Into a Material Definitive Agreement.
On
Upon the closing of the Sale and Leaseback Transaction, the Company will enter
into a Lease (the "Lease Agreement") with Buyer pursuant to which the Company
will lease back from the Buyer the portion of the Real Property located at
The Company anticipates that the closing of the Sale and Leaseback Transaction will occur in its third quarter of fiscal 2022, subject to satisfaction of certain customary closing conditions for transactions of this type.
The foregoing summary of the Purchase Agreement is qualified in its entirety by reference to the full text of the Purchase Agreement, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and which is incorporated by reference into this Item 1.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits: Exhibit No. Description 10.1 † Purchase and Sale Agreement with Escrow Instructions, datedNovember 24, 2021 , by and betweenSynaptics Incorporated andSBC & D Co., Inc. d/b/aSouth Bay Development Company 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
† The exhibits to this Exhibit have been omitted pursuant to Item 601(a)(5) of
Regulation S-K.
any omitted exhibit to the
This Current Report on Form 8-K (this "Report") contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Forward-looking statements
include, without limitation, statements regarding the expected timing of the
closing of the Sale and Leaseback Transaction. Forward-looking statements
involve uncertainties, risks, assumptions and contingencies, many of which are
outside the Company's control that may cause actual results to differ materially
from those described in or implied by any forward-looking statements, including
the Company's ability to consummate the Sale and Leaseback Transaction. All
forward-looking statements are based on currently available information and
speak only as of the date on which they are made. The Company assumes no
obligation to update any forward-looking statement made in this Report that
becomes untrue because of subsequent events, new information or otherwise,
except to the extent it is required to do so in connection with its ongoing
requirements under Federal securities laws. For a further discussion of factors
that could cause the Company's future results to differ materially from any
forward-looking statements, see the section entitled "Risk Factors" in the
Company's most recent Annual Report on Form 10-K and other risks described in
documents filed by the Company from time to time with the
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