0001144204-15-035373.txt : 20150604 0001144204-15-035373.hdr.sgml : 20150604 20150604060528 ACCESSION NUMBER: 0001144204-15-035373 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150603 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150604 DATE AS OF CHANGE: 20150604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: New York REIT, Inc. CENTRAL INDEX KEY: 0001474464 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 271065431 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36416 FILM NUMBER: 15911807 BUSINESS ADDRESS: STREET 1: 405 PARK AVENUE STREET 2: 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212 415 6500 MAIL ADDRESS: STREET 1: 405 PARK AVENUE STREET 2: 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN REALTY CAPITAL NEW YORK RECOVERY REIT INC DATE OF NAME CHANGE: 20091014 8-K 1 v412422_8k.htm 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): June 4, 2015 (June 3, 2015)

 

New York REIT, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Maryland   001-36416   27-1065431
(State or other jurisdiction   (Commission File Number)   (I.R.S. Employer
of incorporation)       Identification No.)

 

405 Park Avenue
New York, New York 10022
(Address, including zip code, of Principal Executive Offices)
 
Registrant's telephone number, including area code: (212) 415-6500

 

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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On June 3, 2015, Gregory W. Sullivan resigned from his roles as chief operating officer, chief financial officer, treasurer and secretary of New York REIT, Inc. (the “Company”), effective as of that same date. Mr. Sullivan did not resign pursuant to any disagreement with the Company and will remain available to facilitate a smooth transition. Simultaneously with Mr. Sullivan’s resignation, the Company’s board of directors appointed Nicholas Radesca to serve as the Company’s interim chief financial officer, treasurer and secretary. There are no related party transactions involving Mr. Radesca that are reportable under Item 404(a) of Regulation S-K except as described in the Company’s annual proxy statement filed with the U.S. Securities and Exchange Commission on April 30, 2015. The Company intends to immediately commence a search for a permanent chief financial officer.

 

Nicholas Radesca has served as chief financial officer, treasurer and secretary of American Realty Capital Daily Net Asset Value Trust, Inc. since January 2014, November 2014 and December 2014, respectively. He has served as the chief financial officer and treasurer of American Energy Capital Partners — Energy Recovery Program, LP’s general partner since October 2013. Mr. Radesca has also served as chief financial officer and treasurer of the Business Development Corporation of America since February 2013 and as its secretary in June 2013. Mr. Radesca also served as the chief financial officer of the Company from February 2014 until April 2014. Prior to joining AR Capital, LLC, the parent of the Company's sponsor, in December 2012, Mr. Radesca was employed by Solar Capital Management, LLC, from March 2008 to May 2012, where he served as the chief financial officer and corporate secretary for Solar Capital Ltd. and its predecessor company, and Solar Senior Capital Ltd., both of which are publicly traded business development companies. From 2006 to February 2008, Mr. Radesca served as the chief accounting officer at iStar Financial Inc. (“iStar”), a publicly traded commercial REIT, where his responsibilities included overseeing accounting, tax and SEC reporting. Prior to iStar, Mr. Radesca served in various senior accounting and financial reporting roles at Fannie Mae, Del Monte Foods Company, Providian Financial Corporation and Bank of America. Mr. Radesca has more than 20 years of experience in financial reporting and accounting and is a licensed certified public accountant in New York and Virginia. Mr. Radesca holds a B.S. in accounting from the New York Institute of Technology and an M.B.A. from the California State University, East Bay.

 

Item 7.01. Regulation FD Disclosure.

 

On June 4, 2015, the Company issued a press release, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in Item 7.01 of this Form 8-K and Exhibit 99.1 furnished herewith shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall they be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Press Release dated June 4, 2015

   

 
 

 

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: June 4, 2015 NEW YORK REIT, INC.
     
  By: /s/ Michael A. Happel
  Michael A. Happel
  Chief Executive Officer and President

  

 

EX-99.1 2 v412422_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

New York REIT Announces the Departure of CFO/COO, Gregory W. Sullivan

 

New York, New York, June 4, 2015New York REIT, Inc. (“NYRT” or the “Company”) (NYSE: NYRT) today announced that Gregory W. Sullivan has resigned and will be leaving the Company to pursue other interests. He did not resign pursuant to any disagreement with the Company and will remain available to facilitate a smooth transition. While the Company seeks a replacement for Mr. Sullivan, Nick Radesca, the Company’s former CFO, will serve in this position.

 

Mike Happel, Chief Executive Officer noted in connection with his departure, “Greg has made important contributions to our evolution as a public company, and his public company experience and institutional relationships have been valuable to us. We are grateful for his many contributions, his ongoing assistance during this transition process, and wish him all the best.”

 

Mr. Sullivan commented, “We have accomplished a great deal since listing on the NYSE over one year ago. We have constructed a high quality portfolio in one of the best real estate markets in America, architected a solid balance sheet and successfully transitioned to a big four accounting firm. It has been a pleasure to be involved with the New York team, and I wish them continued success on all fronts.”

 

About NYRT

NYRT is a publicly traded real estate investment trust listed on the NYSE focused on acquiring income-producing commercial real estate, including office and retail properties, located in New York City. Additional information about NYRT can be found on its website at www.nyrt.com. NYRT may disseminate important information regarding it and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.

 

Important Notice

The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as “will,” “should,” “may,” “anticipate,” “believe,” “expect” and “intend” indicate a forward-looking statement, although not all forward-looking statements include these words. Actual results may differ materially from those contemplated by such forward-looking statements, including those set forth in the Risk Factors section of NYRT's Annual Report on Form 10-K filed on May 11, 2015. Further, forward-looking statements speak only as of the date they are made, and NYRT undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

 

 
 

 

 

Contacts

 

Michael A. Happel

Chief Executive Officer and

President

New York REIT, Inc.

mhappel@nyrt.com

(212) 415-6500

 

Nicholas Radesca

Interim Chief Financial

Officer, Treasurer and

Secretary

New York REIT, Inc.

nradesca@arlcap.com

(212) 415-6500

 

Andrew G. Backman

Managing Director

Investor Relations /

Public Relations

abackman@arlcap.com

(917) 475-2135

 

 

Anthony J. DeFazio

SVP of Public Relations

DDCworks

tdefazio@ddcworks.com

(484) 342-3600

 

  

 

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