0001193125-12-343384.txt : 20120808 0001193125-12-343384.hdr.sgml : 20120808 20120808131600 ACCESSION NUMBER: 0001193125-12-343384 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120807 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: 20120808 DATE AS OF CHANGE: 20120808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEINGARTEN REALTY INVESTORS /TX/ CENTRAL INDEX KEY: 0000828916 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 741464203 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09876 FILM NUMBER: 121016181 BUSINESS ADDRESS: STREET 1: 2600 CITADEL PLAZA DR STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77292 BUSINESS PHONE: 7138666000 MAIL ADDRESS: STREET 1: PO BOX 924133 CITY: HOUSTON STATE: TX ZIP: 77292-4133 8-K 1 d393378d8k.htm FORM 8-K 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): August 7, 2012

WEINGARTEN REALTY INVESTORS

(Exact name of Registrant as specified in its Charter)

 

Texas   1-9876   74-1464203

(State or other jurisdiction of

incorporation)

  (Commission file number)  

(I.R.S. Employer

Identification Number)

2600 Citadel Plaza Drive, Suite 125, Houston, Texas 77008

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (713) 866-6000

Not applicable

(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):

 

¨

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 5.02.        Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

On August 7, 2012, the Board of Trust Managers of Weingarten Realty Investors (the “Company”) elected two new Trust Managers increasing the number of members of the Board of Trust Managers (the “Board”) to 11. Effective as of such date, pursuant to Article III of the Amended and Restated Bylaws of the Company, the Board elected Shelaghmichael Brown and Thomas L. Ryan to the Board to enhance and further diversify our Board. Both Trust Managers will serve until the 2013 Annual Meeting of Shareholders or until a successor has been duly elected and qualified. Both Ms. Brown and Mr. Ryan qualify as independent trust managers.

Ms. Brown is a member of the board of directors of BBVA Compass Bancshares and Compass Bank, and also serves on that board’s Risk Committee. Prior to that, she was Senior Executive Vice President and Executive Officer of BBVA Compass Retail Banking until June 2011. Ms. Brown is on the CanCare Board of Directors where she has served as Chairman. She is on the board of the Consumer Bankers Association and serves as the Chairman of its Government Relations Council. Ms. Brown is a graduate of Wheaton College and received a Master’s degree in Business Administration from the University of Chicago.

Mr. Ryan has been Chief Executive Officer of Service Corporation International (SCI), the largest provider of death care products and services in North America since February 2005 and has served as President of SCI since July 2002. Before joining SCI, Mr. Ryan was a certified public accountant with Coopers & Lybrand LLP for eight years. He holds a Bachelor’s degree in Business Administration from the University of Texas at Austin. Mr. Ryan serves as Chairman of the Board of Trustees of the United Way of Greater Houston. He also serves on the board of directors of the Greater Houston Partnership, the Salvation Army Greater Houston Area Advisory Board and the GHCF Community Foundation Council. Mr. Ryan also serves on the University of Texas McCombs Business School Advisory Council.

There are no transactions in which Ms. Brown and Mr. Ryan have an interest requiring disclosure under Item 404(a) of Regulation S-K. Currently, Ms. Brown and Mr. Ryan will not be serving on any Board committees.

Ms. Brown and Mr. Ryan will receive compensation for their service on the Board of Trust Managers in accordance with the Company’s standard compensatory arrangement for non-employee trust managers. A description of the Company’s non-employee trust manager’s compensation program can be found under the caption “Trust Manager Compensation Table” in the Company’s proxy statement for its 2012 Annual Meeting of Shareholders, which was filed with the Securities and Exchange Commission on March 23, 2012.

A copy of the press release is attached as Exhibit 99.1 to this report.

The information, including exhibits hereto, in this Current Report on Form 8-K is being furnished and shall not be deemed “filed” with the Securities and Exchange Commission and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as otherwise expressly stated in such filing.

 

2


Item 9.01.        Financial Statements and Exhibits.

 

99.1    Press release dated August 7, 2012, regarding the election of two new board members.

 

3


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.

Date: August 8, 2012

 

WEINGARTEN REALTY INVESTORS

By:     /s/ Joe D. Shafer
    Joe D. Shafer
 

  Senior Vice President/

  Chief Accounting Officer

 

4


INDEX TO EXHIBITS

 

99.1    Press release dated August 7, 2012, regarding the election of two new board members.

 

5

EX-99.1 2 d393378dex991.htm PRESS RELEASE Press release

LOGO

     Exhibit 99.1   

  2600 Citadel Plaza Drive

  P.O. Box 924133

  Houston, Texas 77292-4133

NEWS RELEASE

 

Information: Michelle Wiggs, Phone: (713) 866-6050

WEINGARTEN REALTY ELECTS TWO NEW BOARD MEMBERS

Houston, TX, August 7, 2012 --- Weingarten Realty Investors (NYSE: WRI), a leading owner, manager and developer of shopping centers, announced today that Shelaghmichael Brown and Thomas L. Ryan have been elected to serve on their Board of Trust Managers effective immediately. With these appointments, the size of the Board has been increased to 11 members.

Ms. Brown is a member of the board of directors of BBVA Compass Bancshares and Compass Bank, and also serves on the board’s Risk Committee. Prior to that, she was Senior Executive Vice President and Executive Officer of BBVA Compass Retail Banking until June 2011. In this role, she was responsible for a branch distribution system of 717 branches, online and mobile banking, ATMs, telephone banking, traditional consumer and small business credit and deposit products, investment sales, mortgage products and business, and brand marketing. Ms. Brown is on the CanCare Board of Directors where she has served as Chairman. She is on the board of the Consumer Bankers Association and serves as the Chairman of its Government Relations Council. Ms. Brown is a graduate of Wheaton College and received a Master’s degree in Business Administration from the University of Chicago.

Mr. Ryan has been Chief Executive Officer of Service Corporation International (SCI), the largest provider of death care products and services in North America since February 2005 and has served as President of SCI since July 2002. Since joining SCI in 1996, Mr. Ryan has served in a variety of operational and financial roles including Chief Operating Officer and Chief Executive Officer of the European operations. Before joining SCI, Mr. Ryan was a certified public accountant with Coopers & Lybrand LLP for eight years. He holds a Bachelor’s degree in Business Administration from the University of Texas at Austin. Mr. Ryan serves as Chairman of the Board of Trustees of the United Way of Greater Houston. He also serves on the board of directors of the Greater Houston Partnership, the Salvation Army Greater Houston Area Advisory Board and the GHCF Community Foundation Council. Mr. Ryan also serves on the University of Texas McCombs Business School Advisory Council.

“We are honored to have Shelaghmichael and Tom join our Board of Trust Managers. We look forward to the insights and contributions that their extensive experience in retailing and finance as well as public company management experience will provide,” said Stanford Alexander, Chairman of the Board of WRI.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At June 30, 2012, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 316 developed income-producing properties and 11 properties under various stages of construction and development. The total number of properties includes 301 neighborhood and community shopping centers and


26 other operating properties located in 21 states spanning the country from coast to coast representing approximately 63.8 million square feet. To learn more about the Company’s operations and growth strategies, please visit www.weingarten.com.

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