-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LtgdPSC2OaSSjg6hgIh5aEtRky0i4tKZX9ZlNdWn4qNwNr2oQmQNSWiDGEBxxiL+ 1HfrFRQ49elGMxwl6705XQ== /in/edgar/work/0000950144-00-012434/0000950144-00-012434.txt : 20001023 0000950144-00-012434.hdr.sgml : 20001023 ACCESSION NUMBER: 0000950144-00-012434 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001019 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001020 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KOGER EQUITY INC CENTRAL INDEX KEY: 0000835664 STANDARD INDUSTRIAL CLASSIFICATION: [6798 ] IRS NUMBER: 592898045 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09997 FILM NUMBER: 743529 BUSINESS ADDRESS: STREET 1: 8880 FREEDOM CROSSING TRAIL CITY: JACKSONVILLE STATE: FL ZIP: 32256 BUSINESS PHONE: 9047321000 MAIL ADDRESS: STREET 1: 8880 FREEDOM CROSSING TRAIL CITY: JACKSONVILLE STATE: FL ZIP: 32256 8-K 1 g64780e8-k.txt KOGER EQUITY, INC. 1 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): OCTOBER 19, 2000 ----------------- KOGER EQUITY, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) FLORIDA - -------------------------------------------------------------------------------- State or Other Jurisdiction of Incorporation) 1-9997 59-2898045 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 8880 FREEDOM CROSSING TRAIL JACKSONVILLE, FLORIDA 32256 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (904) 732-1000 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) NA - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Reports) 2 ITEM 5. OTHER EVENTS. Koger Equity, Inc. announced today an agreement with Crocker Realty Trust whereby Koger Equity, Inc. would assume the management of the properties of Crocker Realty Trust. Koger Equity, Inc. also announced today additional management reorganization involving staff reduction and the moving of certain functions from its Jacksonville, Florida office to its Boca Raton, Florida office. For further information concerning this matter, see the Company's news release, dated October 19, 2000, which is Exhibit 99 to this Report and is incorporated herein by reference. For more information on Koger Equity, Inc., contact the company at 904-732-1000 or visit its Web site at www.koger.com. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (C) EXHIBITS
EXHIBIT NUMBER DESCRIPTION OF EXHIBIT ------ ---------------------- 99 Koger Equity, Inc. News Release, dated October 19, 2000.
2 3 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, thereunto duly authorized. KOGER EQUITY, INC. Dated: October 19, 2000 By: /s/ Bryan F. Howell -------------------------------------- Bryan F. Howell Title: Senior Vice President 3 4 EXHIBIT INDEX The following designated exhibit is filed herewith:
EXHIBIT NUMBER DESCRIPTION OF EXHIBIT ------ ---------------------- 99 Koger Equity, Inc. News Release, dated October 19, 2000.
4 EX-99 2 g64780ex99.txt NEWS RELEASE 1 Exhibit 99 KOGER EQUITY, INC. 8880 Freedom Crossing Trail Jacksonville, Florida 32256 (904) 732-1000 [KOGER LOGO] NEWS FOR IMMEDIATE RELEASE October 19, 2000 Contact: Andrea Knibbs 954.428.4477 FL-KOGER EQUITY-KE KOGER EQUITY TO MANAGE CROCKER REALTY TRUST PROPERTIES; RELOCATE ADMINISTRATIVE FUNCTIONS TO BOCA RATON JACKSONVILLE, FLA. - Koger Equity, Inc. (NYSE:KE) and Crocker Realty Trust today announced they have reached an agreement providing for Koger Equity to take on management of the 6.1 million-square-foot portfolio of Crocker Realty Trust. The agreement is subject to documentation. Crocker Realty Trust, a privately held real estate investment trust headquartered in Boca Raton, Fla. owns 127 office properties in six southeast U.S. states. The Company was founded by Thomas J. Crocker, who is now chief executive officer of Koger Equity, a post he assumed last March. Crocker said Koger Equity now will have management responsibility for more than 20 million square feet total, and is positioned to capture the operational efficiency and economies of scale crucial in a highly competitive market. Koger Equity's own portfolio in 15 Southeastern and Southwestern cities encompasses 10.6 million square feet of properties owned by the company, and an additional 4 million square feet currently under management. Concurrent with the management agreement, Crocker said Koger Equity will relocate certain executive offices, and its accounting and human resources functions to Boca Raton. Crocker said the decision reflects the need to upgrade the company's infrastructure in the administrative and accounting areas, and the opportunity to tap a pool of experienced real estate accounting personnel in Boca Raton. In June, Koger Equity implemented a management reorganization involving four new vice presidents -- with two based in Boca Raton, another in Atlanta, and the fourth in Jacksonville. Koger Equity will continue to maintain executive offices in Jacksonville, where its chairman, Victor Hughes, and Senior Vice President Bryan Howell are officed, as are the firm's marketing and construction management functions. Koger Equity specializes in developing, owning and operating state-of-the-art suburban office parks under the "Koger Center" brand name. The Company owns 22 suburban office parks and four office buildings. For more information on Koger Equity (NYSE:KE), contact the Company at 904 732-1000, or visit its Web site at www.koger.com. # # # The foregoing message contains forward-looking statements. The actual results of operations could differ materially from those projected because of factors affecting the financial markets, reactions of the Company's existing and prospective investors, the ability of the Company to implement the management reorganization, acceptance of the management reorganization by the Company's employees, contractors, tenants and others, the ability of the Company to identify and execute development projects and acquisition opportunities, the ability of the Company to renew and enter into new leases on favorable terms, and other risk factors. See "Management's Discussion and Analysis of Financial Condition and Results of Operations--Cautionary Statement Relevant to Forward-Looking Information for Purpose of the `Safe Harbor' Provisions of the Private Securities Litigation Reform Act of 1995" in the Company's Annual Report on Form 10-K/A for the Fiscal Year Ended December 31, 1999. -----END PRIVACY-ENHANCED MESSAGE-----