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 24, 2014
W. P. CAREY INC.
(Exact Name of Registrant as Specified in Charter)
Maryland |
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001-13779 |
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45-4549771 |
(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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50 Rockefeller Plaza, New York, NY |
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10020 | ||
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: (212) 492-1100
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers.
Effective as of April 24, 2014, Mary M. VanDeWeghe was elected to the Board of Directors (the Board) of W. P. Carey Inc. (the Company). Ms. VanDeWeghe will be eligible to participate in the Companys standard non-employee director compensation program on a prorated basis, including being eligible to receive an annual cash retainer and an annual grant of restricted stock under the W. P. Carey Inc. 2009 Non-Employee Directors Incentive Plan, as described further in the Companys proxy statement for its 2014 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission on April 30, 2014. There are no other understandings or arrangements between Ms. VanDeWeghe or any other person and the Company or any of its subsidiaries pursuant to which Ms. VanDeWeghe was appointed to serve as a director. There are no transactions between Ms. VanDeWeghe or any of her immediate family members and the Company or any of its subsidiaries that would be required to be reported under Item 404(a) of Regulation S-K.
On April 29, 2014, the Company issued a press release announcing Ms. VanDeWeghes election to the Board. A copy of that press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit |
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Description |
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99.1 |
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Press Release issued on April 29, 2014. |
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, thereunto duly authorized.
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W. P. Carey Inc. | ||
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Date: |
April 30, 2014 |
By: |
/s/ Susan C. Hyde |
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Susan C. Hyde |
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Managing Director |
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Exhibit 99.1
Company contact:
Kristina McMenamin
W. P. Carey Inc.
212-492-8995
kmcmenamin@wpcarey.com
Media contact:
Guy Lawrence
Ross & Lawrence
212-308-3333
gblawrence@rosslawpr.com
W. P. Carey Inc. Announces Election of Mary M. VanDeWeghe to Board of Directors
New York, NY- April 29, 2014 - W. P. Carey Inc. (NYSE:WPC), a global net-lease REIT, announced today that Mary M. Meg VanDeWeghe has been elected a director of the Company. Ms. VanDeWeghe is the Chief Executive Officer and President of Forte Consulting Inc., a financial and management consulting firm, and a Professor at Georgetown Universitys McDonough School of Business. Prior to holding her current positions, Ms. VanDeWeghe served as Senior Vice President of Finance for Lockheed Martin Corporation, and previously held positions in corporate finance, capital markets and general management at J.P. Morgan, where she rose to the rank of Managing Director. Ms. VanDeWeghe has served as a Director and member of the Audit and Finance Committees of Ecolab Inc., a global leader in water, hygiene, and energy technologies and services, since its merger with Nalco Holding Company in 2011. She served on the board of Nalco Holding Company from 2009 to 2011. She has also served on the board of Brown Advisory, Inc., a privately held investment management company, since 2003. A graduate of Smith College, Ms. VanDeWeghe also holds an MBA from Dartmouth Colleges Tuck School of Business.
Commenting on the election of Ms. VanDeWeghe, W. P. Careys President and CEO Trevor Bond noted, Meg brings to the board a wealth of experience in corporate governance, financial analysis and strategy, mergers and acquisitions, and capital markets that she has gained through her role in financial management, as well as her work in consulting and investment banking. Her broad industry exposure and diverse skill set, along with her experience in academia, will add a valuable perspective to our board. We are delighted to welcome Meg as a director of W. P. Carey Inc.
W. P. Carey Inc.
W. P. Carey Inc. is a leading global net-lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide. It also acts as the manager to a series of non-traded REITs. The Companys owned and managed diversified global investment portfolio had a combined value of approximately $15 billion at December 31, 2013. Its corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Furthermore, its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent and rising dividend income to investors for over four decades. www.wpcarey.com
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