ZipRecruiter Files 8-K for Material Definitive Agreement

TL;DR

ZipRecruiter just signed a big deal, details TBD.

AI Summary

On October 15, 2024, ZipRecruiter, Inc. entered into a material definitive agreement. The filing does not disclose the specific details of this agreement, only that it is a significant event requiring an 8-K filing.

Why It Matters

This filing indicates a significant business development for ZipRecruiter, Inc., potentially impacting its operations, financial standing, or strategic direction.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the agreement.

Key Players & Entities

• ZipRecruiter, Inc. (company) — Registrant
• October 15, 2024 (date) — Date of earliest event reported
• 604 Arizona Avenue, Santa Monica, California 90401 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.00001 — which registered Class A common stock, $0.00001 par value per share ZIP New York Stock
• $8.0 million — rm of the Office Lease is approximately $8.0 million. The Company paid approximately $123,00
• $123,000 — million. The Company paid approximately $123,000 as the first monthly installment of bas
• $1.0 million — ease and provided a letter of credit of $1.0 million. The foregoing description of the Offi

Filing Documents

• zip-20241015.htm (8-K) — 27KB
• 0001617553-24-000049.txt ( ) — 149KB
• zip-20241015.xsd (EX-101.SCH) — 2KB
• zip-20241015_lab.xml (EX-101.LAB) — 22KB
• zip-20241015_pre.xml (EX-101.PRE) — 13KB
• zip-20241015_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Lease Agreement On October 15, 2024, ZipRecruiter, Inc. (the "Company") entered into a lease agreement (the "Office Lease") with SMBP LLC (the "Landlord"), with a commencement date of the later to occur of (i) sixty (60) days after the date of possession, as such date is defined in the Office Lease, and (ii) the date on which certain tenant improvements are substantially completed, as fully described in the Tenant Work Letter between the Company and the Landlord, provided that in no event shall the commencement date be deemed to occur prior to June 1, 2025 (the "Commencement Date"). The Office Lease premises consists of 24,936 square feet, located at 3000 Ocean Park Blvd. Suite 3000, Santa Monica, California 90405 (the "Premises"). The Company intends to use the Premises for its new corporate headquarters, as the lease for its current corporate headquarters is expected to expire in May 2025. The Office Lease has an initial term of 65 months with one five-year extension option. The aggregate estimated rent payments due over the initial term of the Office Lease is approximately $8.0 million. The Company paid approximately $123,000 as the first monthly installment of base rent upon the execution of the Office Lease and provided a letter of credit of $1.0 million. The foregoing description of the Office Lease does not purport to be complete and is qualified in its entirety by reference to the full text of the Office Lease, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2024.

SIGNATURES

SIGNATURES 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 thereunto duly authorized. Date: October 21, 2024 By: /s/ Timothy Yarbrough Timothy Yarbrough Executive Vice President, Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR