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 __, 2007
CEL-SCI CORPORATION
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(Exact name of Registrant as specified in its charter)
Colorado 0-11503 84-0916344
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
8229 Boone Blvd. #802
Vienna, VA 22182
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (703) 506-9460
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N/A
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(Former name or former address if changed since last report)
Item 7.01 Regulation FD Disclosure
On June 6, 2007 the Company signed an agreement to lease a building near
Baltimore, Maryland. The Company's obligations under the lease were, for the
most part, contingent upon the landlord's ability to purchase the building
subject to the lease.
On August 8, 2007 the landlord purchased the building, which consists of
approximately 73,000 square feet. On August 14, 2007 the Company issued a press
release, a copy of which is filed as an exhibit to this report, concerning the
purchase of the building.
The building will be remodeled in accordance with the Company's
specifications so that it can be used by the Company to manufacture its cancer
drug Multikine for Phase III clinical trials and sales of the drug following
marketing approval.
The lease is for a term of twenty years and requires annual base rent
payments of $1,575,000 during the first year of the lease. The annual base rent
escalates each year at 3%. The Company is also required to pay all real and
personal property taxes, insurance premiums, maintenance expenses, repair costs
and utilities. The lease allows the Company, at its election, to extend the
lease for two ten-year periods or to purchase the building at the end of the
20-year lease.
The lease required the Company to pay $3,150,000 towards the remodeling
costs, which will be recouped by reductions in the annual base rent of $303,228
in years six through twenty of the lease.
Item 9.01 Financial Statements and Exhibits
Exhibit Number Description
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99 Press Release
2
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.
Date: August 15, 2007
CEL-SCI CORPORATION
By: /s/ Geert R. Kersten
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Geert R. Kersten, Chief Executive Officer