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): July 13, 2012
APARTMENT TRUST OF AMERICA, INC.
(Exact Name of Registrant as Specified in Its Charter)
Maryland | 000-52612 | 20-3975609 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
4901 Dickens Road, Suite 101, Richmond, Virginia 23230
(Address of principal executive offices)
(Zip Code)
(804) 237-1335
(Registrants telephone number, including area code)
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:
¨ | 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 3.03 | Material Modifications to Rights of Security Holders |
The information set forth under Item 5.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.
Item 5.03 | Amendments to Articles of Incorporation or Bylaws, Change in Fiscal Year. |
On Friday, July 13, 2012, the Board of Directors (the Board) of Apartment Trust of America, Inc. (the Company) elected by resolution for the Company to become subject to certain provisions of Title 3, Subtitle 8 of the Maryland General Corporation Law (the Governance Measures). This election became effective immediately upon the acceptance for record of the Articles Supplementary by the State Department of Assessments and Taxation of Maryland on July 13, 2012.
The Governance Measures provide that:
(1) the Companys corporate secretary may call a special meeting of stockholders only on the written request of the stockholders together holding at least a majority of the number of shares of stock of the Company at the time outstanding and entitled to vote with respect to the business to be transacted at the meeting; and
(2) a director may be removed by the stockholders of the Company only by the affirmative vote of at least two-thirds of all the votes entitled to be cast by the stockholders generally in the election of directors.
Prior to the adoption of the Governance Measures, (i) the Companys secretary was required to call a special meeting of the stockholders upon the written request of the stockholders entitled to cast at least 10% of all votes entitled to be cast at the meeting; and (ii) a director of the Company could be removed from office only by the affirmative vote of at least a majority of the votes entitled to be cast generally in the election of directors.
The Board believes that the adoption of the Governance Measures is advantageous to the Company because it will help to protect the Companys stockholders from unsolicited, potentially coercive or abusive takeover tactics and efforts to acquire control of the Company at a price or on terms that are not in the best interests of all the Companys stockholders.
A copy of the Articles Supplementary is filed as Exhibit 3.1 to this Current Report and is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits |
3.1 | Articles Supplementary of Apartment Trust of America, Inc. |
SIGNATURE
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.
APARTMENT TRUST OF AMERICA, INC. | ||||||
Dated: July 19, 2012 | By: | /s/ Gustav G. Remppies | ||||
Name: Gustav G. Remppies | ||||||
Title: President |
Exhibit Index
Exhibit No. |
Description | |
3.1 | Articles Supplementary of Apartment Trust of America, Inc. |
Exhibit 3.1
APARTMENT TRUST OF AMERICA, INC.
ARTICLES SUPPLEMENTARY
Apartment Trust of America, Inc., a Maryland corporation (the Corporation), hereby certifies to the State Department of Assessments and Taxation of Maryland, that:
FIRST: Under a power contained in Title 3, Subtitle 8 of the Maryland General Corporation Law (the MGCL), and in accordance with resolutions duly adopted by the Board of Directors of the Corporation (the Board), the Corporation elects, notwithstanding any provision in its charter or Bylaws to the contrary, to be subject to Sections 3-804(a) and 3-805 of the MGCL. The repeal of the Corporations election to be subject to Section 3-804(a) and/or Section 3-805 of the MGCL may be effected only by a resolution adopted by the Board.
SECOND: The Corporations election to be subject to Sections 3-804(a) and 3-805 of the MGCL has been approved by the Board in the manner and by the vote required by law.
THIRD: The undersigned acknowledges these Articles Supplementary to be the corporate act of the Corporation and, as to all matters or facts required to be verified under oath, the undersigned acknowledges that, to the best of his knowledge, information and belief, these matters and facts are true in all material respects and that this statement is made under the penalties for perjury.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be executed under seal in its name and on its behalf by its Chief Executive Officer and attested by its Secretary on this 13 day of July, 2012.
ATTEST: | APARTMENT TRUST OF AMERICA, INC. | |||||||||
/s/ Gustav G. Remppies |
/s/ Stanley J. Olander, Jr. |
(SEAL) | ||||||||
Gustav G. Remppies | Stanley J. Olander, Jr. | |||||||||
Secretary | Chief Executive Officer |