form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
___________
FORM
8-K
___________
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported):
June
19, 2008
___________
BROADPOINT
SECURITIES GROUP, INC.
(Exact
name of registrant as specified in its charter)
___________
New
York
(State
or other jurisdiction of incorporation)
0-14140
(Commission
File Number)
22-2655804
(IRS
Employer Identification No.)
One
Penn Plaza
New
York, New York
(Address
of Principal Executive Offices)
10119
(Zip
Code)
(212) 273-7100
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
____________
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
1.01. Entry into a Material
Definitive Agreement.
On June
19, 2008, Broadpoint Securities Group, Inc. (the “Company” or “Tenant”)
entered into a Sixth Amendment to Sub-Lease Agreement (the “Amendment”),
amending a Sub-Lease Agreement dated August 12, 2003, as previously amended, by
and between the Company and Columbia 677, L.L.C. (“Landlord”), a New York
limited liability company, for the lease of office space in a building (the
"Building") located at 677 Broadway, Albany, New York (the
“Sub-Lease”). Pursuant thereto and on certain conditions specified
therein, the parties agree that Tenant shall be entitled to surrender the entire
12th
floor of the Building consisting of 6,805 square feet of space (the “Surrender
Premises”), reducing Tenant’s rentable square footage of leased property in
the Building to 2,953 square feet.
Tenant
must vacate the Surrender Premises on or before June 30, 2008 (the “Surrender
Date”). In consideration of Landlord agreeing to the
surrender of the Surrender
Premises, Tenant must pay Landlord Three Hundred Eighty-Eight Thousand Seven Hundred Three
Dollars and 44/100 ($388,703.44)
(the "Surrender Fee"). If Tenant fails to vacate the
Surrender Premises (or any portion thereof) on the Surrender Date, Tenant must
pay $50,000 per month for such failure.
The
foregoing description of the Amendment is qualified in its entirety by reference
to the Amendment dated June 19, 2008 executed by and between the Company and
Landlord, which is included with this Current Report on Form 8-K as Exhibit
10.1.
Item
9.01. Financial Statements
and Exhibits.
(d) Exhibits.
10.1 -
Sixth Amendment to Sub-Lease Agreement.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BROADPOINT
SECURITIES GROUP, INC.
By: /s/
Robert I. Turner
Name: Robert
I. Turner
Title:
Chief Financial Officer
Dated:
June 25, 2008