0001029800-11-000027.txt : 20110919 0001029800-11-000027.hdr.sgml : 20110919 20110919160130 ACCESSION NUMBER: 0001029800-11-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110915 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110919 DATE AS OF CHANGE: 20110919 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: 111097340 BUSINESS ADDRESS: STREET 1: C/O URSTADT BIDDLE 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 STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: HRE PROPERTIES INC DATE OF NAME CHANGE: 19961230 8-K 1 form8krichardgrellierbod.htm FORM 8K NEW DIRECTORSHIP - GRELLIER 09162011 form8krichardgrellierbod.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 15, 2011

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.


Departure of Director

On September 15, 2011, Peter Herrick resigned from the Board of Directors of Urstadt Biddle Properties Inc. (the “Company”) and the Board’s Audit, Nominating and Corporate Governance and Executive Committees, citing personal reasons. Mr. Herrick will continue as Director Emeritus of the Company.

Appointment of Richard Grellier to Board of Directors

On September 15, 2011, the Board of Directors of the Company appointed Richard Grellier, Managing Director of Deutsche Bank Securities Inc., to the Board of Directors.  Mr. Grellier joined the Board to fill the vacancy resulting from Mr. Herrick’s resignation.

The Board has determined that Mr. Grellier is an independent director under the New York Stock Exchange listing standards and the Company’s Director Independence Standards as set forth in its Corporate Governance Guidelines.  The Board has appointed Mr. Grellier to serve on the Audit and Nominating and Corporate Governance Committees and among the Company’s Class II directors until the next annual meeting of shareholders.

From time to time, the Company has engaged Deutsche Bank to provide investment and commercial banking services and may continue to do so in the future.

A copy of the press release announcing Mr. Grellier’s appointment is attached hereto as Exhibit 99.1 and incorporated herein by reference.


Item 9.01.  Financial Statements and Exhibits

(c) Exhibits

(99.1)  Press release dated September 16, 2011

 
 

 

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 19, 2011
URSTADT BIDDLE PROPERTIES INC.
 
(Registrant)
   
   
 
/s/ John T. Hayes
 
John T. Hayes
 
Senior Vice President & Chief Financial Officer


 
 

 

EXHIBIT INDEX

Exhibit No.
99.1  
Press Release dated September 16, 2011




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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
Richard Grellier to the Board of Directors

GREENWICH, CONNECTICUT September 16, 2011…Urstadt Biddle Properties Inc.  (NYSE: UBA and UBP) announced today that Richard Grellier has been appointed to the Board of Directors.  Mr. Grellier was appointed to serve on the Audit Committee, Nominating and Corporate Governance Committee and among the Company’s Class II directors until the next annual meeting of shareholders.  His appointment fills a vacancy on the Board created by the resignation of Mr. Peter Herrick who stepped down, effective September 15, 2011, citing personal reasons.  Charles J. Urstadt, Chairman of the Board and the Company’s Chief Executive Officer, commented “we are very fortunate to have identified Mr. Grellier, who brings with him over 25 years of real estate experience, including 17 years as a real estate investment banker, special knowledge of the retail REIT sector and experience in capital markets solutions.  In addition, Mr. Grellier served on our Board of Consultants from 2002 to 2010 and therefore is ideally positioned to be able to make immediate contributions to the Board.”  Mr. Grellier graduated from Kenyon College and earned a Master of Science degree from the Graduate School of Architecture, Planning and Preservation at Columbia University and a Master of Business Administration degree from the Graduate School of Business at Columbia University.  He presently serves as a Managing Director of Deutsche Bank Securities Inc.

Commenting on Mr. Herrick’s departure, Mr. Urstadt said that “it was only with great reluctance that the Board had accepted the resignation of Peter Herrick, who served on the Board with distinction for over 21 years.  His leadership as a former Chairman of the Audit Committee and his finance, accounting and operations experience added immeasurably to the success of the Company and will be greatly missed.  In recognition of Mr. Herrick’s countless contributions, the Board elected Mr. Herrick Director Emeritus of the Company.”

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 51 properties containing approximately 4.7 million square feet of space.  Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.  It has paid 167 consecutive quarters of uninterrupted dividends to its shareholders since its inception and raised its dividend to its shareholders for the last 17 consecutive years.