0000798359-15-000009.txt : 20150210 0000798359-15-000009.hdr.sgml : 20150210 20150210163513 ACCESSION NUMBER: 0000798359-15-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150210 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150210 DATE AS OF CHANGE: 20150210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVESTORS REAL ESTATE TRUST CENTRAL INDEX KEY: 0000798359 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 450311232 STATE OF INCORPORATION: ND FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35624 FILM NUMBER: 15594327 BUSINESS ADDRESS: STREET 1: 1400 31ST AVENUE SW, SUITE 60 STREET 2: PO BOX 1988 CITY: MINOT STATE: ND ZIP: 58702-1988 BUSINESS PHONE: 701-837-4738 MAIL ADDRESS: STREET 1: 1400 31ST AVENUE SW, SUITE 60 STREET 2: PO BOX 1988 CITY: MINOT STATE: ND ZIP: 58702-1988 8-K 1 iretform8kcooresignation.htm CURRENT REPORT




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 10, 2015 (February 9, 2015)
INVESTORS REAL ESTATE TRUST
(Exact name of registrant as specified in its charter)
North Dakota
0-14851
45-0311232
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

1400 31st Ave SW, Suite 60
Minot, ND 58701
(Address of principal executive offices, including zip code)
(701) 837-4738
(Registrant's telephone number, including area code)
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
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 
ITEM 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 9, 2015, Mr. Thomas Wentz, Jr. resigned as a Trustee and as Executive Vice President and Chief Operating Officer of the Company, effective immediately. Mr. Wentz confirmed to the Company that his decision to resign from the Board of the Company was not based upon any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Wentz did not serve on any Board committees.

On February 10, 2015, the Company issued a press release to announce the above change to its Board and senior management team.  The press release is incorporated by reference as Exhibit 99.1 to this Current Report on Form 8-K.
 
ITEM 9.01.Financial Statements and Exhibits.

The following exhibit relating to Item 5.02 of this Current Report on Form 8-K is filed herewith:

Exhibit 99.1.Press Release dated February 10, 2015.

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.

 
INVESTORS REAL ESTATE TRUST
   
 
By: /s/  Timothy P. Mihalick
 
Timothy P. Mihalick
 
President & Chief Executive Officer

Date: February 10, 2015

EXHIBIT INDEX

Exhibit
No.    Description

 
 
Press Release dated February 10, 2015
 
 
*
Filed or Furnished herewith.
EX-99.1 2 iretexhibit991-022015.htm PRESS RELEASE DATED FEBRUARY 10, 2015
Exhibit 99.1
Investors Real Estate Trust Announces Resignation of Trustee and Chief Operating Officer Thomas A. Wentz, Jr.
Minot, North Dakota—February 10, 2015--Investors Real Estate Trust (NYSE: IRET) Investors Real Estate Trust announced today that Executive Vice President and Chief Operating Officer Thomas A. Wentz has resigned from the Company, effective immediately, in order to pursue other opportunities. Mr. Wentz joined the Company in 2000 as General Counsel and Vice President. He served as Senior Vice President of Asset Management and Finance from 2002 to 2009, and was promoted to Executive Vice President and Chief Operating Officer in 2009. President and Chief Executive Officer Timothy Mihalick will oversee operational leadership of the Company until a replacement for Mr. Wentz is named.
Mr. Wentz has also resigned from the Company's Board of Trustees, to which he was elected in 1996. Mr. Wentz has informed the Company that his resignation as a Trustee was not due to a disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Wentz did not serve on any Board Committees.
Mr. Mihalick commented, "I would like to thank Tom for his contributions to the Company over the years. Tom has assisted us in building a strong leadership team with the depth of management to continue to execute our announced strategic initiatives. We wish him the best in his future endeavors."
About IRET

Investors Real Estate Trust is an equity real estate investment trust.  Its business consists of owning and operating income-producing multi-family residential and commercial properties located primarily in the upper Midwest.  Investors Real Estate Trust is based in Minot, North Dakota, and has additional offices in Minneapolis, Minnesota and St. Cloud, Minnesota.

Safe Harbor

Statements about IRET's future expectations and all other statements in this press release other than historical facts are subject to various risks and uncertainties, and are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.

CONTACT:
Cindy Bradehoft
 
Director of Investor Relations
 
10500 Crosstown Circle, Suite 105
 
Eden Prairie, MN 55344
 
Phone: 952.401.4835
 
Fax: 952.401.7058
 
E-Mail: cbradehoft@iret.com