0001157523-11-003114.txt : 20110513 0001157523-11-003114.hdr.sgml : 20110513 20110513112549 ACCESSION NUMBER: 0001157523-11-003114 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110513 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110513 DATE AS OF CHANGE: 20110513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN SPECTRUM REALTY INC CENTRAL INDEX KEY: 0001121783 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 522258674 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16785 FILM NUMBER: 11838812 BUSINESS ADDRESS: STREET 1: 5850 SAN FELIPE STREET 2: SUITE 450 CITY: HOUSTON STATE: TX ZIP: 77057 BUSINESS PHONE: 713-706-6200 MAIL ADDRESS: STREET 1: 5850 SAN FELIPE STREET 2: SUITE 450 CITY: HOUSTON STATE: TX ZIP: 77057 8-K 1 a6723117.htm AMERICAN SPECTRUM REALTY, INC. 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

May 13, 2011
Date of Report (Date of earliest event reported)

American Spectrum Realty, Inc.

 

(Exact name of registrant as specified in its charter)


Maryland

001-16785

52-2258674

(State or Other

Jurisdiction of

incorporation)

 

(Commission

File Number)

(I.R.S. Employer

Identification

No.)


2401 Fountain View, Suite 510, Houston, Texas 77057

(Address of principal executive offices)      (Zip Code)

(713) 706-6200

(Registrant’s telephone number, including area code)

 

(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 Instructions 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 8.01.  Other Events

On May 13, 2011, American Spectrum Realty, Inc. issued a press release, a copy of which is attached hereto as Exhibit 99.1.  

Item 9.01 Financial Statements and Exhibits.

(c)  Exhibits.

Exhibit

Description

 
99.1 Press Release dated May 13, 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.

 

AMERICAN SPECTRUM REALTY, INC.

 

 

 

 

By:

 

/s/ William J. Carden

Name:

William J. Carden

Title:

Chairman of the Board, President

and Chief Executive Officer

 

Date: May 13, 2011

EX-99.1 2 a6723117ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

American Spectrum Realty Files Amended Form 10-Q for the Quarterly Period Ended March 31, 2010

HOUSTON--(BUSINESS WIRE)--May 13, 2011--American Spectrum Realty, Inc. (AMEX:AQQ) (“the Company”), a real investment, management and leasing company headquartered in Houston, Texas, announced today that it has amended its Form 10-Q (“Form 10-Q/A”) for the quarterly period ending March 31, 2010 with the Securities and Exchange Commission.

As previously disclosed in its Form 8-K filed on March 31, 2011 and in its 2010 Form 10-K, the Company concluded that it was appropriate to revise its accounting treatment of its purchase of assets from Evergreen Realty Group and to account for certain acquired interests as variable interest entities (VIE’s) and to consolidate those VIE’s in its financial statements from various dates in 2010.

The restated financial statements for the quarterly period ending March 31, 2010 account for the January 2010 Evergreen acquisition as a business combination rather than an asset acquisition and consolidate a VIE in which the Company is the primary beneficiary. The Company will also be amending its second and third quarter 2010 quarterly reports. It will not be necessary for the Company to amend its 2010 Form 10-K which was filed on March 31, 2011. The Company plans to file the amended second and third quarter 2010 quarterly reports within the next ten days.

The Company also announced that it plans to file its Form 10-Q for the quarterly period ending March 31, 2011 on Monday, May 16, 2011.

American Spectrum Realty, Inc. is a real estate investment company that owns, through an operating partnership, 30 office, industrial and retail properties aggregating approximately 2.8 million square feet in California, Texas, Arizona and the Midwest, and has been publicly traded since 2001. American Spectrum Realty Management, LLC, a wholly-owned subsidiary of the Company’s operating partnership, manages and leases all properties owned by American Spectrum Realty, Inc. For more information, visit www.americanspectrum.com or call 888-315-ASRM.

Certain matters discussed in this release are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including the risks and uncertainties of acquiring, owning, operating and disposing of real estate. Such risks and uncertainties are disclosed in the Company’s past and current filings with the U.S. Securities and Exchange Commission.

CONTACT:
American Spectrum Realty, Inc.
William J. Carden, 713-706-6200
Chairman, President and CEO