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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
OCTOBER 1, 2006
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
PCTEL, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE 000-27115 77-0364943
(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NUMBER)
8725 W. HIGGINS ROAD, SUITE 400
CHICAGO, ILLINOIS 60631
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(773) 243-3000
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
____________________________________________________________________________
(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 (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(b) under the Exchange Act (17
CFR 240.14a-12(b))
[ ] 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))
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SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Effective October 1, 2006, PCTEL, Inc. (the "Company") and O'Hare Plaza I
LLC entered into an amendment (the "Amendment") to the Lease dated July 30, 2002
(the "Lease") relating to approximately 12,624 square feet in a building located
in Chicago, Illinois. Under the terms of the Amendment, the Lease was amended as
follows:
- The square footage subject to the Lease was expanded by 1,789
square feet;
- The expiration date of the Lease was extended until August 31,
2012;
- The base monthly rent for the original premises subject to the
Lease was reduced to approximately $28,000, and the base monthly
rent for the expanded premises subject to the Lease was set at
approximately $4,000, each subject to certain periods of
abatement and annual adjustments;
- The Company was given an option to renew the Lease for one period
of five years; and
- Certain other revisions were made consistent with the foregoing
changes.
The summary of the Amendment described above is qualified in its entirety
by reference to the full text of the Amendment attached hereto as Exhibit
10.35.1 and incorporated herein by reference.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
The following exhibit is furnished herewith:
10.35.1 First Amendment to Lease, dated October 1, 2006, between O'Hare
Plaza I LLC and PCTEL, Inc.
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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.
Date: October 5, 2006
PCTEL, INC.
By: /s/ John W. Schoen
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John W. Schoen, Chief Financial Officer
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EXHIBIT INDEX
Exhibit
Number Description
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10.35.1 First Amendment to Lease, dated October 1, 2006, between O'Hare Plaza
I LLC and PCTEL, Inc.
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