0001104659-11-055669.txt : 20111011 0001104659-11-055669.hdr.sgml : 20111010 20111011170048 ACCESSION NUMBER: 0001104659-11-055669 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20111011 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111011 DATE AS OF CHANGE: 20111011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INLAND WESTERN RETAIL REAL ESTATE TRUST INC CENTRAL INDEX KEY: 0001222840 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 421579325 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51199 FILM NUMBER: 111136007 MAIL ADDRESS: STREET 1: 2901 BUTTERFIELD RD CITY: OAK BROOK STATE: IL ZIP: 60523 8-K 1 a11-27684_28k.htm 8-K

 

 

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):

October 11, 2011

 

INLAND WESTERN RETAIL REAL ESTATE TRUST, INC.

(Exact name of registrant as specified in charter)

 

Maryland

 

000-51199

 

42-1579325

(State or other

 

(Commission File Number)

 

(IRS Employer

jurisdiction of

 

 

 

Identification No.)

incorporation)

 

 

 

 

 

2901 Butterfield Road, Oak Brook, Illinois

 

60523

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (630) 218-8000

 

Not Applicable

(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):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.07               Submission of Matters to a Vote of Security Holders

 

Inland Western Retail Real Estate Trust, Inc. (the “Company”) held its annual meeting of stockholders on October 11, 2011, at which the following matters were submitted to a vote.

 

(1)                                  The stockholders elected each of the Board’s nine director nominees as set forth below:

 

Nominee

 

Votes For

 

Votes Withheld

 

 

 

 

 

Kenneth H. Beard

 

245,081,886

 

12,565,597

 

 

 

 

 

Frank A. Catalano, Jr.

 

247,683,934

 

9,963,548

 

 

 

 

 

Paul R. Gauvreau

 

245,009,200

 

12,638,282

 

 

 

 

 

Gerald M. Gorski

 

247,823,529

 

9,823,954

 

 

 

 

 

Steven P. Grimes

 

247,641,635

 

10,005,847

 

 

 

 

 

Brenda G. Gujral

 

245,172,523

 

12,474,960

 

 

 

 

 

Richard P. Imperiale

 

247,862,811

 

9,784,671

 

 

 

 

 

Kenneth E. Masick

 

248,045,144

 

9,602,338

 

 

 

 

 

Barbara A. Murphy

 

246,642,456

 

11,005,026

 

(2)                                  The stockholders voted as set forth below to approve the compensation paid to the Company’s named executive officers, as disclosed in the Company’s proxy statement for the 2011 annual meeting, including the Compensation Discussion and Analysis, compensation tables and narrative discussions.

 

Votes For

 

Votes Against

 

Abstentions

223,937,555

 

20,859,514

 

12,850,414

 

(3)                                  The stockholders voted as set forth below to approve the frequency of future advisory votes on executive compensation.

 

One Year

 

223,596,089

 

 

 

 

 

 

 

Two Years

 

9,932,565

 

 

 

 

 

 

 

Three Years

 

7,255,365

 

 

 

 

 

 

 

Abstain

 

16,863,464

 

 

 

2



 

There were no broker non-votes on any matter voted on at the 2011 annual meeting of stockholders.

 

Item 7.01               Regulation FD Disclosure

 

Attached to this Form 8-K as Exhibit 99.1 is a copy of a letter to be sent by the Company to its stockholders in connection with, among other things, the Company’s distribution for the third quarter of 2011, which letter will be sent on or about October 11, 2011 and which letter is incorporated in its entirety into this report.

 

The information included or incorporated in Item 7.01 in this report, including Exhibit 99.1, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

Item 9.01               Financial Statements and Exhibits

 

(d)           Exhibits

 

The following Exhibit is included with this Report:

 

99.1                           Letter to stockholders of Inland Western Retail Real Estate Trust, Inc.

 


 

The statements and certain other information contained in this report, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “continue,” “remains,” “intend,” “aim,” “towards,” “should,” “prospects,” “could,” “future,” “potential,” “believes,” “plans,” “likely,” “anticipate,” “position,” “consider,” “probable,” “committed,” “achieve,” and “focused,” or the negative thereof or other variations thereon or comparable terminology, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby.  These statements should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment.  Such risks and uncertainties could cause actual results to differ materially from those projected.  These uncertainties include, but are not limited to, economic conditions, market demand and pricing, competitive and cost factors, and other risk factors.

 

3



 

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.

 

 

 

INLAND WESTERN RETAIL REAL

 

ESTATE TRUST, INC.

 

(Registrant)

 

 

 

 

 

By:

/s/ Dennis K. Holland

 

 

Dennis K. Holland

 

 

Executive Vice President,

Date: October 11, 2011

 

General Counsel and Secretary

 

4



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99.1

 

Letter to stockholders of Inland Western Retail Real Estate Trust, Inc.

 

5


EX-99.1 2 a11-27684_2ex99d1.htm EX-99.1

Exhibit 99.1

 

GRAPHIC

 

October 11, 2011

 

Dear Stockholder:

 

As one of the largest owners and operators of open-air shopping centers in the United States, we remain focused on business fundamentals.  Strong leasing momentum has continued as we are on track to lease over 4 million square feet of space in 2011.  This includes the renewal of 82% of the leases within our retail operating portfolio that expired in the second quarter of the year which is a testament to our strong tenant relationships.  Additionally, we are pleased to forge new relationships as we recently signed our first lease with Nordstrom Rack to open a new store at our Commons at Temecula shopping center in Temecula, California.  In alignment with our business initiatives, we continue to sell non-core assets and have refinanced, repaid and extinguished over $430 million in debt since the beginning of the year, while strengthening our balance sheet, generating solid cash flow and positioning the company for future growth.

 

Our Annual Meeting of Stockholders was held today.  At the meeting, several members of the executive management team gave brief business presentations. The Annual Meeting of Stockholders Presentation and the voting results are available in the Investor Relations section of our company website at www.inlandwestern.com.

 

We are pleased to enclose a check or distribution statement for your portion of the third quarter 2011 stockholder distribution.  The board of directors declared a third quarter 2011 distribution of $0.06375 per share payable to stockholders of record at the close of business on October 3, 2011. This represents the eighth consecutive quarter-to-quarter increase in distribution rates and equates to a 3.67% annualized yield based upon the estimated value of $6.95 per share or a 2.55% annualized yield assuming a purchase price of $10.00 per share.  Our board of directors determines each distribution quarterly; therefore, the annualized yield is not necessarily indicative of future distributions.

 

If you have any questions regarding your Inland Western investment, please visit our website at www.inlandwestern.com, contact your financial advisor or Inland Western Investor Relations at 800.541.7661.

 

 

Sincerely,

 

INLAND WESTERN RETAIL REAL ESTATE TRUST, INC.

 

 

 

GRAPHIC

 

Steven P. Grimes

 

President and Chief Executive Officer

 

The statements and certain other information contained in this letter, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “continue,” “remains,” “intend,” “aim,” “towards,” “should,” “prospects,” “could,” “future,” “potential,” “believes,” “plans,” “goal,” “initiative,” “likely,” “anticipate,” and “probable,” or the negative thereof or other variations thereon or comparable terminology, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby.  These statements should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment.  Such risks and uncertainties could cause actual results to differ materially from those projected.  These uncertainties include, but are not limited to, economic conditions, market demand and pricing, competitive and cost factors, and other risk factors, including those detailed in the sections of the Company’s most recent Form 10-K and Form 10-Qs filed with the SEC titled “Risk Factors”.

 

Inland Western Retail Real Estate Trust, Inc.  2901 Butterfield Road Oak Brook, Illinois 60523  800.541.7661 www.inlandwestern.com

 


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