PRO DEX INC — Form 8-K
Filed September 18, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Pro-Dex signed a third amendment with Irvine Business Properties on August 18, 2026 extending its McGaw Avenue, Irvine lease to September 30, 2030. Base rent increases from $47,615/month (through Sept 2027) to $52,792/month (2029-2030), representing approximately 10.9% total increase over the extension period. The amendment adds tenant obligations for roof repairs and clarifies parking at 96 unreserved spaces.
Why this rating
Routine lease extension. Annual rent ~$571–633K is ~0.8–0.9% of $67.8M market cap—immaterial. Standard real estate administrative action.
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