Fulgent Genetics, Inc. Form 8-K (Aug. 18, 2020)

Summary

FULGENT GENETICS, INC. Form 8-K with an August 18, 2020 date of earliest event reported, filed under Item 1.01, Entry into a Material Definitive Agreement. On August 18, 2020 the company entered into an Aircraft Purchase Agreement for the purchase of a Cessna Citation Sovereign aircraft from ServiceMaster Acceptance Corporation for a purchase price of $5.4 million, with delivery scheduled to take place in Hillsboro, Oregon. The report is signed by Paul Kim, Chief Financial Officer, and dated August 21, 2020.

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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): August 18, 2020

Fulgent Genetics, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-37894 | 81-2621304
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.)
4978 Santa Anita Avenue Temple City, California | 91780
(Address of principal executive offices) | (Zip Code)

( 626) 350-0537

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:

☐ | 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 240.13a-4(c))

Securities Registered pursuant to Section 12(b) of the Act:

Title of each class: | Trading Symbol(s) | Name of each exchange on which registered:
Common Stock, par value $0.0001 per share | FLGT | The Nasdaq Stock Market (Nasdaq Global Market)

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 August 18, 2020, Fulgent Genetics, Inc. (“Fulgent”) entered into an Aircraft Purchase Agreement (the “Purchase Agreement”) for the purchase of a 2008 Cessna Citation Sovereign aircraft (the “Aircraft”), from ServiceMaster Acceptance Corporation (the “Seller”) for a purchase price of $5.4 million. Delivery is schedule to take place in Hillsboro, Oregon.

SIGNATURES

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.

Fulgent Genetics, Inc.
Date: August 21, 2020 | By: | /s/ Paul Kim
Name: Paul Kim
Title: Chief Financial Officer

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