-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JEmWbp8xNPAk7jLLEXXQJ7GKUHAzgXOcixzMrQ35zDn8hxkO+hHibXtW5M4Ekli3 NelwcSzL2jnRocY4DUDkig== 0000898430-99-004548.txt : 19991217 0000898430-99-004548.hdr.sgml : 19991217 ACCESSION NUMBER: 0000898430-99-004548 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991209 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KILROY REALTY CORP CENTRAL INDEX KEY: 0001025996 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954598246 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12675 FILM NUMBER: 99775584 BUSINESS ADDRESS: STREET 1: 2250 E IMPERIAL HWY STREET 2: C/O KILROY INDUSTRIES CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3105635500 MAIL ADDRESS: STREET 1: C/O KILROY INDUSTRIES STREET 2: 2250 E IMPERIAL HIGHWAY #1200 CITY: EL SEGUNDO STATE: CA ZIP: 90245 8-K 1 FORM 8-K - -------------------------------------------------------------------------------- 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): December 9, 1999 KILROY REALTY CORPORATION (Exact name of registrant as specified in its charter)
Maryland Commission File Number: 1-12675 95-4598246 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.)
2250 East Imperial Highway, Suite 1200, El Segundo, California 90245 (Address of principal executive offices) Registrant's telephone number, including area code: (310) 563-5500 - -------------------------------------------------------------------------------- ITEM 5. OTHER EVENTS On December 9, 1999, Kilroy Realty Corporation announced that its Board of Directors approved a share repurchase program pursuant to which the Company is authorized to repurchase up to an aggregate of 3.0 million shares of its outstanding common stock, representing up to approximately 11% of the Company's currently outstanding shares. Repurchases may be made from time to time in the open market or through privately negotiated transactions, subject to market conditions, in compliance with the Rule 10b-18 under the Securities Act of 1933 and may be discontinued at any time. The Company intends to finance the share repurchase program from the proceeds of its $39.0 million perpetual preferred unit offering that was completed on December 9, 1999 and a targeted dispositions program of non-strategic and mature industrial assets. The Company's news release dated December 9, 1999 announcing the share repurchase program is filed as Exhibit 99.1 hereto. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibit ------- Number Description ------ ----------------------- *99.1 News Release dated December 9, 1999. * Filed herewith. 2 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. KILROY REALTY CORPORATION Date: December 15, 1999 By: /s/ Ann Marie Whitney ------------------------------ Ann Marie Whitney Vice-President and Controller 3 EXHIBIT INDEX Exhibit ------- Number Description ------ ----------------------- 99.1 News Release dated December 9, 1999. 4 EX-99.1 2 NEWS RELEASE DATED DECEMBER 9, 1999 EXHIBIT 99.1 NEWS RELEASE DATED DECEMBER 9, 1999 Contact: FOR RELEASE Richard E. Moran Jr. December 9, 1999 Executive Vice President and Chief Financial Officer (310) 563-5533 or Tyler H. Rose Senior Vice President and Treasurer (310) 563-5531 KILROY REALTY CORPORATION ANNOUNCES THREE MILLION SHARE REPURCHASE PROGRAM LOS ANGELES, December 9, 1999 - Kilroy Realty Corporation (NYSE: KRC) announced today that its Board of Directors has approved a share repurchase program of up to an aggregate of three million of the company's shares of common stock. The potential repurchase equates to up to approximately 11% of the company's outstanding shares of common stock. Purchases may be made from time to time in open market transactions at prevailing prices or through privately negotiated transactions and may be discontinued at any time. The company intends to fund this program through the proceeds of its $39 million perpetual preferred unit offering that was completed on December 9, 1999 and a targeted disposition program of non-strategic and mature industrial properties. Kilroy Realty Corporation is a Southern California-based real estate investment trust active in the commercial office and industrial property sectors. The company has a 50-year history of owning, developing, acquiring and managing real estate assets in the coastal regions of California and Washington. Principal submarkets for the company's current development projects include Los Angeles, San Diego, Long Beach and Orange County, where the company's total development program exceeds $480 million. At September 30, 1999, the company owned 5 6.2 million square feet of commercial office space and 6.4 million square feet of industrial space. More information on Kilroy Realty can be found at www.kilroyrealty.com. ###### 6 -----END PRIVACY-ENHANCED MESSAGE-----