0001181431-11-061657.txt : 20111222 0001181431-11-061657.hdr.sgml : 20111222 20111222121904 ACCESSION NUMBER: 0001181431-11-061657 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111222 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111222 DATE AS OF CHANGE: 20111222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARKWAY PROPERTIES INC CENTRAL INDEX KEY: 0000729237 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 742123597 STATE OF INCORPORATION: MD FISCAL YEAR END: 0516 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11533 FILM NUMBER: 111276621 BUSINESS ADDRESS: STREET 1: ONE JACKSON PL STREET 2: 188 E CAPITOL ST STE 1000 CITY: JACKSON STATE: MS ZIP: 39225-4647 BUSINESS PHONE: 6019484091 MAIL ADDRESS: STREET 1: ONE JACKSON PL P O BOX 24647 STREET 2: 188 E CAPITOL ST STE 1000 CITY: JACKSON STATE: MS ZIP: 39225 FORMER COMPANY: FORMER CONFORMED NAME: PARKWAY CO DATE OF NAME CHANGE: 19951018 8-K 1 rrd328904.htm FORM 8-K DATED DECEMBER 22, 2011 Prepared By R.R. Donnelley Financial -- Form 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):  12/22/2011
 
Parkway Properties, Inc.
(Exact name of registrant as specified in its charter)
 
Commission File Number:  001-11533
 
Maryland
  
74-2123597
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
Bank of America Center, Suite 2400
390 North Orange Avenue
Orlando, FL 32801
(Address of principal executive offices, including zip code)
 
(407) 650-0593
(Registrant’s telephone number, including area code)
 
One Jackson Place, Suite 1000
188 East Capitol Street
Jackson, MS 39225-4647
(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 8.01.    Other Events
 
Parkway Properties, Inc. (the "Company") and J. Mitchell Collins ("Collins"), who is the former Chief Financial Officer of the Company, entered into a Settlement Agreement and Mutual Release (the "Settlement Agreement").

In the Settlement Agreement, the Company and Collins resolved any and all disputes between them, including the settlement and dismissal, with prejudice, of the lawsuit filed by Collins in the Circuit Court of Hinds County, Mississippi and the injunction action filed by the Company against Collins in Madison County, Mississippi. A copy of the Joint Statement Regarding a Settled Dispute is attached hereto as Exhibit 99.1.

The Company estimates it will record an expense related to these matters of approximately $500,000 in the fourth quarter of 2011. This estimate includes amounts attributable to the Company's unreimbursed fees, expenses and payments in connection with all related litigation to-date and the Settlement Agreement. The Company does not anticipate it will incur any further material expenses related to these matters.

 
 
Item 9.01.    Financial Statements and Exhibits
 
(d)        Exhibits

99.1        Joint Statement Regarding a Settled Dispute

 

 

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.
 
           
Parkway Properties, Inc.
 
 
Date: December 22, 2011
     
By:
 
/s/    Mandy M. Pope
               
Mandy M. Pope
               
Executive Vice President and Chief Accounting Officer
 
 

 

EXHIBIT INDEX
 
Exhibit No.
  
Description
EX-99.1
  
Joint Statement Regarding a Settled Dispute
EX-99 2 rrd328904_36802.htm JOINT STATEMENT REGARDING A SETTLED DISPUTE Exhibit 99

Exhibit 99.1

Joint Statement Regarding a Settled Dispute

We have resolved our differences and have forgiven each other for the associated hurts. We have prepared this joint statement to explain to outsiders why we had such a heated dispute.

Mitch Collins and Parkway now recognize that their accusations and statements against the other were based on a number of assumptions. Neither of us adequately considered the other's perspective and neither was correct.

Mitch Collins and Parkway apologize to the other for all the accusations made. Mitch knows of no SEC filings, budgeting, accounting and financial disclosures which have not complied with applicable laws and professional and ethical standards.

Parkway Properties states that, despite their announcement on the same date, Parkway's decision to reduce its dividend in early 2010 was not due to any failure of performance by Mitch Collins. On the contrary, Mitch Collins was a fully competent public company CFO.

We parted company because we were just not a good fit for each other at that particular time. It's just that simple. We regret anything and everything that we have done that may have caused others to believe otherwise.

Mitchell Collins

Charles T. Cannada

/s/ Mitchell Collins

/s/ Charles T. Cannada