-----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, E7gZJtt2w3GEpyxhX/EOdWvJeaTyNkrxasU/+z44iNfsvRM7AKO4D+fQB4xP8TY3 +q0ZhEPpgHDc4RYdcUwHPQ== 0001029800-08-000036.txt : 20080912 0001029800-08-000036.hdr.sgml : 20080912 20080912112532 ACCESSION NUMBER: 0001029800-08-000036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080909 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080912 DATE AS OF CHANGE: 20080912 FILER: COMPANY DATA: COMPANY CONFORMED NAME: URSTADT BIDDLE PROPERTIES INC CENTRAL INDEX KEY: 0001029800 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 042458042 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12803 FILM NUMBER: 081068532 BUSINESS ADDRESS: STREET 1: C/O HRE PROPERTIES INC STREET 2: 321 RAILROAD AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2038638200 MAIL ADDRESS: STREET 1: 321 RAILROAD AVENUE CITY: GREENWICH FORMER COMPANY: FORMER CONFORMED NAME: HRE PROPERTIES INC DATE OF NAME CHANGE: 19961230 8-K 1 form8knewdirectorshipbannon.htm FORM 8-K NEW DIRECTORSHIP - BANNON 091208 form8knewdirectorshipbannon.htm


 
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  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): September 9, 2008

Commission File Number 1-12803
 

URSTADT BIDDLE PROPERTIES INC.
(Exact Name of Registrant in its Charter)


Maryland
04-2458042
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification Number)
 
321 Railroad Avenue, Greenwich, CT
06830
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code:  (203) 863-8200

N/A
(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:
 
□  
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)
 
□  
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))
 

 
 

 

Item 5.02:
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


 
Appointment of Kevin J. Bannon to Board of Directors

On September 9, 2008 the Board of Directors of Urstadt Biddle Properties Inc. (“Company”) voted to increase the size of the Board of Directors from nine to ten members, effective immediately, and appointed Kevin J. Bannon to fill the newly created directorship.  Mr. Bannon, age 56, was appointed to serve among the Company’s Class III directors until the next annual meeting of shareholders.  The Board also voted to assign Mr. Bannon to the Nominating and Corporate Governance Committee of the Board.  A copy of the press release is filed herewith as Exhibit 99.1.

Mr. Bannon currently is a Managing Director and Chief Investment Officer of Highmount Capital LLC.  From 1979 to 2007, Mr. Bannon was employed by The Bank of New York, serving as Executive Vice President and Chief Investment Officer from 1993 to 2007.  Mr. Bannon is a Director of the Prudential Retail Mutual Funds, a Director of High Yield Income Fund Inc., and Chairman of the Investment Committee of the BNY Mezzanine Partners Fund.

Item 9.01               Financial Statements and Exhibits
 
The following is filed herewith:

Exhibit 99.1     Press Release dated September 9, 2008

 
 

 

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:   September 12, 2008
URSTADT BIDDLE PROPERTIES INC.
 
(Registrant)
   
   
  /s/ Thomas D. Myers
 
Thomas D. Myers
 
Senior Vice President & Secretary


 
 

 

EXHIBIT INDEX

Exhibit No.
 
99.1  
Press Release dated September 9, 2008

EX-99.1 2 exhibit99_1bannonpr.htm EXHIBIT 99.1 BANNON PRESS RELEASE 090908 exhibit99_1bannonpr.htm


For Immediate Release

Contact:                 Willing L. Biddle, President & COO
John T. Hayes, SVP & CFO
Urstadt Biddle Properties Inc.
(203) 863-8200

Urstadt Biddle Properties Inc.
Announces The Appointment of
Kevin J. Bannon to fill a Newly Created Directorship

Greenwich, Connecticut September 9, 2008.  Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) announced today that at its regular quarterly meeting of the Board of Directors the directors voted to increase the size of the Board from nine to ten members and to appoint Kevin J. Bannon to fill the newly created directorship.  Mr. Bannon, 56, was appointed to serve among the Company’s Class III directors until the next annual meeting of shareholders.  Chairman Charles J. Urstadt commented that “the decision to increase the size of the Company’s Board was motivated by a desire to attract a director with unique skills and insight to help the Company respond to today’s challenging economic times without losing any of the experienced sitting directors.”  He added that “we likely could not have identified a stronger candidate than Kevin Bannon.  His experience as Executive Vice President and Chief Investment Officer from 1993 to 2007 for The Bank of New York will make him a valuable addition to the Board in today’s changing economic and credit environment.”  Mr. Bannon graduated from the Wharton School of the University of Pennsylvania and earned a Master of Business Administration degree from Stern School of New York University.  Mr. Bannon has over 30 years of experience in economic and investment matters and today serves as Managing Director and Chairman of the Asset Allocation Committee for Highmount Capital LLC.

Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such factors include, among other things, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust providing investors with a means of participating in ownership of income-producing properties with the liquidity of being listed on the New York Stock Exchange since 1969.  UBP owns or has interests in 44 properties containing approximately 3.9 million square feet of space and has paid 154 consecutive quarters of uninterrupted dividends to its shareholders since its inception in 1969.
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