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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): April 25,
2019
FLUX POWER HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-25909
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86-0931332
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(State or Other Jurisdiction of
Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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985 Poinsettia Avenue, Suite A, Vista, California
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92081
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(Address of Principal Executive Offices)
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(Zip Code)
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877-505-3589
(Registrant's
telephone number, including area code)
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 (see General Instruction A.2.
below):
[ ]
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter).
Emerging growth
company □
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange
Act. □
Item
1.01 Entry into a Material Definitive Agreement.
On
April 25, 2019, Flux Power, Inc., a wholly owned subsidiary of Flux
Power Holdings, Inc. (the “Company”) entered into a
certain lease agreement (the “Lease Agreement”) with
Accutek (“Lessor”) to rent approximately 45,600
rentable square feet of industrial space located at 2685 S. Melrose
Drive, Vista, California (the “Premises”).
The
Lease Agreement has an initial term of seven years and four months
and commences on or about August 2019. In addition, under the Lease
Agreement the Company has (1) an option to extend the term of Lease
Agreement for two additional twenty-four months period, and (2) a
right of first refusal to lease an additional approximately 15,300
space feet. The Company will be required to pay approximately
$42,400 per month, for rent for the first twelve months of the
lease term, which will increase at a rate of approximately 3% per
year. The Company will also be required pay its share of operating
expenses, taxes and any other expenses payable under the Lease
Agreement.
The
foregoing description of the Lease Agreement does not purport to be
complete and is qualified in its entirety by reference to the full
and complete terms of the Lease Agreement, a copy of which is filed
hereto as Exhibit 10.1 and is incorporated herein by
reference.
Item
9.01 Financial Statement and Exhibits.
Signature
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Flux
Power Holdings, Inc.,
A
Nevada Corporation
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Dated:
April 30, 2019
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/s/ Ronald F.
Dutt
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Ronald
F. Dutt, Chief Executive Officer
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