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):
February 7, 2019
FIRST REAL
ESTATE INVESTMENT TRUST OF NEW JERSEY
(Exact name of registrant as specified
in charter)
| New Jersey |
000-25043 |
22-1697095 |
| (State or other jurisdiction of incorporation) |
(Commission
File Number) |
(IRS Employer
Identification No.) |
| 505 Main Street, Hackensack, New Jersey |
07601 |
| (Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including
area code: (201) 488-6400
(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)) |
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
o
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. o
Section 5 – Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 7, 2019, Donald W. Barney retired and resigned
as President, Chief Financial Officer, Treasurer and a Trustee of First Real Estate Investment Trust of New Jersey (the “Trust”).
Mr. Barney’s retirement and resignation was not due to any disagreements with the Trust, its officers or the Board of Trustees
of the Trust, including any disagreements on any matter relating to the Trust’s operations, policies or practices.
On February 7, 2019, the Board of Trustees appointed Allan
Tubin as Chief Financial Officer and Treasurer of the Trust. Mr. Tubin will serve as Chief Financial Officer and Treasurer of the
Trust for a term to expire at such time as his successor is appointed and qualified.
Mr. Tubin (age 80) is the Chief Financial Officer of Hekemian
& Co., Inc., the Trust’s managing agent (“Hekemian & Co.”). As Chief Financial Officer of Hekemian &
Co., Mr. Tubin is responsible for corporate and project finance, budgeting and tax planning, accounting, and SEC compliance for
both Hekemian & Co. and its affiliates. He is a member of Hekemian & Co.’s Acquisitions and Development Due Diligence
Team, where he is responsible for financial forecasting and modeling. Mr. Tubin has over 25 years’ experience in real estate
finance. Prior to joining Hekemian & Co. in 1996, he served as the Chief Financial Officer for the international real estate
activities of the investment bank Donaldson, Lufkin & Jenrette, and served as a certified public accountant with Ernst &
Young.
There are no family relationships between Mr. Tubin and any
executive officer or Trustee of the Trust. Mr. Tubin has not served as a director of any other company with a class of securities
registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or subject
to the requirements of Section 15(d) of the Exchange Act or any company registered as an investment company under the Investment
Company Act of 1940, as amended, at any time during the last five years.
In addition, on February 7, 2019, the Board appointed Robert
S. Hekemian, Jr. as President of the Trust. Mr. Hekemian is a Trustee of the Trust and the current Chief Executive Officer of the
Trust, and Mr. Hekemian will continue to serve as Chief Executive Officer in addition to the office of President.
A copy of the Trust’s press release announcing Donald
W. Barney’s retirement as President, Chief Financial Officer, Treasurer and a Trustee of the Trust, and Allan Tubin’s
appointment as Chief Financial Officer and Treasurer of the Trust, is attached hereto as Exhibit 99.1.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| 99.1 |
Press Release dated February 8, 2019 |
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
| |
FIRST REAL ESTATE INVESTMENT
TRUST OF NEW JERSEY |
| |
(Registrant) |
| |
|
| |
|
| |
By: |
/s/ Robert S. Hekemian, Jr. |
| |
|
Robert S. Hekemian, Jr. |
| |
|
President & Chief Executive Officer |
Date: February 8, 2019
EXHIBIT INDEX
