0000067625-13-000006.txt : 20130409 0000067625-13-000006.hdr.sgml : 20130409 20130409112853 ACCESSION NUMBER: 0000067625-13-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130409 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: 20130409 DATE AS OF CHANGE: 20130409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MONMOUTH REAL ESTATE INVESTMENT CORP CENTRAL INDEX KEY: 0000067625 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 221897375 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33177 FILM NUMBER: 13750293 BUSINESS ADDRESS: STREET 1: 3499 ROUTE 9 N, SUITE 3-C STREET 2: JUNIPER BUSINESS PLAZA CITY: FREEHOLD STATE: NJ ZIP: 07728 BUSINESS PHONE: 7325779996 MAIL ADDRESS: STREET 1: 3499 ROUTE 9 N, SUITE 3-C STREET 2: JUNIPER BUSINESS PLAZA CITY: FREEHOLD STATE: NJ ZIP: 07728 FORMER COMPANY: FORMER CONFORMED NAME: MONMOUTH REAL ESTATE INVESTMENT TRUST DATE OF NAME CHANGE: 19900403 8-K 1 mreic8k_mpl492013.htm FORM 8-K UNITED STATES




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)              April 9, 2013

MONMOUTH REAL ESTATE INVESTMENT CORPORATION

(Exact name of Registrant as specified in its charter)



MARYLAND                         001-33177                22-1897375

(State or other jurisdiction     (Commission        (IRS Employer

of incorporation)                 File Number)            Identification Number)



3499 Route 9N, Suite 3C, Freehold, NJ    07728

(Address of principal executive offices)   (Zip Code)


Registrant's telephone number, including area code         (732) 577-9996



(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 Instructions A.2. below):


[  ] Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)


[  ] Soliciting material pursuant to Rule 142-12 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 April 9, 2013, the Board of Directors of Monmouth Real Estate Investment Corporation (the “Company”) appointed Michael P. Landy as President and Chief Executive Officer.  In addition to his new role, Michael Landy will continue to serve as Chairman of the Company’s Executive Committee and as a member of the Company’s Board of Directors. Michael Landy succeeds Eugene W. Landy, his father, who has been President and Chief Executive Officer since 1968 and is the Founder of the Company.  Eugene W. Landy continues to serve as Chairman of the Board of Directors.


The Company and Messrs. Eugene W. Landy and Michael P. Landy agreed to amend their employment agreements, reflecting the position changes.  The Company anticipates negotiating new employment agreements with Eugene W. Landy and Michael P. Landy, effective after fiscal year end September 30, 2013.  There is no current change in compensation or benefits.


Michael P. Landy has been with the Company since 2001. He has served as Chief Operating Officer since 2011, Chairman of the Executive Committee since 2010, and has served on the Board of Directors since 2007.  Eugene W. Landy has served as President and Chairman of the Board since 1968 and will continue to be active in management as Chairman of the Board of Directors.


The Company is a REIT specializing in net-leased industrial properties leased to investment grade tenants on long-term leases.  The Company intends to continue this policy


Item 7.01.

Regulation FD Disclosure.


Pursuant to a press release on April 9, 2013, the Company announced a management transition.  A copy of the press release is furnished as an exhibit to this report and is incorporated into this Item 7.01 by reference.


Item 9.01

Financial Statements and Exhibits.


(d) Exhibits


Exhibit No.

Description

99.1

Press release dated April 9, 2013


The information contained in the press release attached as Exhibit 99.1 to this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section.  Furthermore, the information contained in the





press release attached as Exhibit 99.1 to this report shall not be deemed incorporated by reference in the filings of the registrant under the Securities Act of 1933.



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.


Monmouth Real Estate Investment Corporation



By: /s/ Kevin Miller

Kevin Miller

Chief Financial Officer, Chief Accounting Officer



Dated:  April 9, 2013


EXHIBIT INDEX



Exhibit No.

Description


99.1

Press release dated April 9, 2013
























 EX-99 2 pressreleasemplpromotionapri.htm EXHIBITS D  R  A  F  T

 







FOR IMMEDIATE RELEASE

April 9, 2013


Contact:  Susan M. Jordan

                 732-577-9996




MONMOUTH REAL ESTATE INVESTMENT CORPORATION

ANNOUNCED THE APPOINTMENT OF MICHAEL P. LANDY

AS PRESIDENT AND CHIEF EXECUTIVE OFFICER



FREEHOLD, NJ, April 9, 2013…….Monmouth Real Estate Investment Corporation (NYSE:MNR) announced today that Michael P. Landy has been appointed the Company’s President and Chief Executive Officer.  In addition to his new role, he will continue to serve as Chairman of the Company’s Executive Committee and as a member of the Company’s Board of Directors.   Michael Landy succeeds Eugene W. Landy, his father, who has been President and Chief Executive Officer since 1968, and is the Founder of the Company.  


Michael Landy has been with the Company since 2001. He has served on the Board of Directors since 2007, as Chairman of the Executive Committee since 2010, and as Chief Operating Officer since 2011. Eugene W. Landy has served as President and Chairman of the Board since 1968, and will continue to be active in management as Chairman of the Board of Directors.  


Eugene Landy stated, “Michael has been a tremendous asset to Monmouth.  Under Michael’s leadership, the Company has made enormous strides and I am extremely confident in his abilities. We are proud to announce his promotion to the position of President and CEO and I look forward to working alongside him for many years to come.”  


Monmouth Real Estate Investment Corporation, which was organized in 1968, is a publicly owned real estate investment trust (REIT) specializing in net-leased industrial properties subject to long-term leases primarily to investment grade tenants.  The Company is a fully integrated and self-managed real estate company, whose property portfolio consists of seventy-two industrial properties and one shopping center located in twenty-six states.  In addition, the Company owns a portfolio of REIT securities.


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