8-K

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) September 15, 2010 (September 10, 2010)

REIS, INC.

(Exact Name of Registrant as Specified in Charter)

Maryland

(State or Other Jurisdiction of Incorporation)

1-12917	13-3926898
(Commission File Number)	(IRS Employer Identification No.)
530 Fifth Avenue, New York, NY	10036
(Address of Principal Executive Offices)	(Zip Code)

(212) 921-1122

(Registrant’s Telephone Number, Including Area Code)

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 (see General Instruction A.2. below):

	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	Soliciting material pursuant to Rule 14a-12 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 Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d)           On September 10, 2010, the Board of Directors of Reis, Inc. (the “Company”) (i) voted to increase the size of the Board from seven to nine directors, effective immediately, and (ii) upon the recommendation of the Board’s Nominating and Corporate Governance Committee, voted to appoint Thomas J. Clarke Jr. and Byron C. Vielehr to the Board to fill the vacancies and to serve until their respective successors are duly elected and qualified at the next annual meeting of stockholders.  Both Mr. Clarke and Mr. Vielehr were determined by the Board to be independent directors.  Each of Mr. Clarke and Mr. Vielehr will be compensated for his service on the Board and any committee of the Board on which he serves in accordance with the Company’s compensation arrangements for non-employee directors.

Neither Mr. Clarke nor Mr. Vielehr has been appointed to any committee of the Board at this time.  It is expected that committee assignments will be determined at the Board’s regular meeting following the 2010 annual meeting of stockholders.

There are no arrangements or understandings between (i) either Mr. Clarke or Mr. Vielehr, on the one hand, and (ii) any other person, on the other hand, pursuant to which either of them was selected as a director, nor are there any transactions between the Company and either Mr. Clarke or Mr. Vielehr that are reportable under Item 404(a) of Regulation S-K.

Pursuant to General Instruction F to Form 8-K, a copy of the press release dated September 15, 2010 announcing the appointment of Mr. Clarke and Mr. Vielehr to the Board is attached hereto as Exhibit 99.1, and is incorporated into this Item 5.02 by this reference.

Item 9.01 Financial Statements and Exhibits.

(d)	Exhibits
99.1	Press Release Dated September 15, 2010

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 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. 

		REIS, INC.
		By:	/s/ Alexander G. Simpson
			Alexander G. Simpson
			Vice President & General Counsel
Date:	September 15, 2010

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Exhibit Index

99.1 Press Release Dated September 15, 2010

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EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE:

Reis Announces Appointment of Two New Directors

Clarke and Vielehr Bring Valuable Information Services Expertise

NEW YORK, September 15, 2010—Reis, Inc. (NASDAQ: REIS) (“Reis” or the “Company”), a leading provider of commercial real estate market information and analytical tools, announced today the appointment of Thomas J. Clarke Jr. and Byron C. Vielehr to Reis’s Board of Directors, effective September 10, 2010.

Mr. Clarke is currently the Chief Executive Officer of Weiss Group, LLC, a leading provider of independent research which also, under its Weiss Capital Management subsidiary, manages assets for individuals and institutions.  From 1999 through 2009, he served as Chief Executive Officer of TheStreet.com, a financial media company.  Prior to that, he served as President of Thomson Financial Investor Relations, following Thomson’s acquisition of Technimetrics, Inc., at which Mr. Clarke had served in a number of positions of increasing responsibility.

Mr. Vielehr has been President, Global Risk and Analytic Solutions, for Dun & Bradstreet, Inc., since November 2009.  He joined Dun & Bradstreet in 2005, and has served as Chief Information Officer and President, Sales and Marketing Solutions during his time with the company.  Prior to joining Dun & Bradstreet, Mr. Vielehr was President and Chief Operating Officer of Northstar Systems International, Inc., and previously was Chief Technology Officer of various units of Merrill Lynch.

Lloyd Lynford, Reis’s CEO, said “My management team and I are very excited to work with Tom and Byron.  Both have had long and successful careers as industry leaders providing world-class information products to large enterprises.  At the same time, their perspective and judgment will be of great benefit to Reis as we expand our offerings to serve smaller enterprises and individual investors, and make Reis data available through redistribution agreements.”

Immediately prior to the election of Messrs. Clarke and Vielehr, Reis’s Board of Directors voted to increase the size of the Board from seven to nine directors, effective immediately.  Messrs. Clarke and Vielehr were appointed to fill the two vacancies and will serve until their respective successors are duly elected and qualified at the next annual meeting of stockholders.  Reis had delayed its 2010 annual meeting of stockholders in order to complete an exhaustive search for candidates and to permit stockholders to vote on the newly appointed directors soon after their appointment.  Reis has not yet issued a notice of meeting, but expects to hold its 2010 annual me eting of stockholders by the beginning of December 2010.  Reis currently expects to hold its 2011 annual meeting of stockholders in the more typical late May or early June timeframe.

About Reis

Reis, through its flagship product, Reis SE, provides online access to a proprietary database of commercial real estate information and analytical tools. In addition to trend and forecast analysis at metropolitan and neighborhood levels throughout the U.S., Reis offers detailed building-specific information such as rents, vacancy rates, lease terms, property sales, new construction listings and property valuation estimates. Reis SE is designed to support the decision-making of property owners, developers, builders, lenders and investors, all of whom require access to timely information on both the performance and pricing of assets, for acquisition, development and construction purposes, as well as valuation.

For more information regarding Reis's products and services, visit www.reis.com.

Press Contact:  Mark P. Cantaluppi Reis, Inc. Vice President, Chief Financial Officer (212) 921-1122

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