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):
January 18, 2018
CLIPPER REALTY INC.
(Exact Name of Registrant as Specified in Charter)
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Maryland |
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001-38010 |
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47-4579660 |
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(State or Other |
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(Commission |
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(IRS Employer |
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Jurisdiction of |
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File Number) |
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Identification No.) |
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Incorporation) |
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4611 12th Avenue, Suite 1L |
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11219 |
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(Address of Principal Executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: (718) 438-2804
Former name or former address, if changed since last report: N/A
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.):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On January 18, 2018, the Appellate Division unanimously ruled in favor of the Company in the case Kuzmich v. 50 Murray St. Acquisition LLC, holding that the Company acted properly in de-regulating the apartments. The Appellate Division decision and order is subject to a motion for leave to appeal and there can be no assurance as to the outcome of the appeal if leave to appeal is granted.
CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS
All statements other than statements of historical fact included in this Report on Form 8-K are “forward looking statements”. When used in this Report, words such as “believes” or other words or phrases that convey the uncertainty of future events or outcomes are intended to identify forward looking statements, which are generally not historical in nature. These statements involves risks and uncertainties that could cause actual results to differ materially from those described in such statements. These risks, contingencies and uncertainties include the following:
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The inherent uncertainty and unpredictability of litigation |
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Other risks and risk factors identified in our Report on Form 10-K for the year ended December 31, 2016 filed with the SEC on March 31, 2017, including the risk factor entitled “Multi-family residential properties are subject to rent stabilization regulations, which limit our ability to raise rents above specified maximum amounts and could give rise to claims by tenants that their rents exceed such specified maximum amounts.” |
Clipper Realty Inc. undertakes no obligation to update or revise any of its forward-looking statements, whether as a result of new information, future events or otherwise.
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Item 9.01 Financial Statements and Exhibits. |
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(d) Exhibits |
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Exhibit No. |
Description |
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99.1 |
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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.
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Clipper Realty Inc. |
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(Registrant) |
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By: |
/s/ David Bistricer |
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Name: |
David Bistricer |
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Title: |
Co Chairman and Chief Executive Officer |
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Date: January 18, 2018 |
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