0001104659-19-020683.txt : 20190410 0001104659-19-020683.hdr.sgml : 20190410 20190410170319 ACCESSION NUMBER: 0001104659-19-020683 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20190410 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: 20190410 DATE AS OF CHANGE: 20190410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LIBERTY PROPERTY TRUST CENTRAL INDEX KEY: 0000921112 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 237768996 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13130 FILM NUMBER: 19742171 BUSINESS ADDRESS: STREET 1: 650 EAST SWEDESFORD ROAD STREET 2: SUITE 400 CITY: WAYNE STATE: PA ZIP: 19087 BUSINESS PHONE: 6106481700 MAIL ADDRESS: STREET 1: 650 EAST SWEDESFORD ROAD STREET 2: SUITE 400 CITY: WAYNE STATE: PA ZIP: 19087 FORMER COMPANY: FORMER CONFORMED NAME: ROUSE & ASSOCIATES PROPERTY TRUST DATE OF NAME CHANGE: 19940421 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LIBERTY PROPERTY LIMITED PARTNERSHIP CENTRAL INDEX KEY: 0000921113 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 232766549 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13132 FILM NUMBER: 19742170 BUSINESS ADDRESS: STREET 1: 650 EAST SWEDESFORD ROAD STREET 2: SUITE 400 CITY: WAYNE STATE: PA ZIP: 19087 BUSINESS PHONE: 6106481700 MAIL ADDRESS: STREET 1: 650 EAST SWEDESFORD ROAD STREET 2: SUITE 400 CITY: WAYNE STATE: PA ZIP: 19087 FORMER COMPANY: FORMER CONFORMED NAME: ROUSE & ASSOCIATES LTD PART DATE OF NAME CHANGE: 19940331 8-K 1 a19-8116_18k.htm 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): April 10, 2019

 

LIBERTY PROPERTY TRUST

LIBERTY PROPERTY LIMITED PARTNERSHIP

(Exact name of registrant specified in its charter)

 

Maryland
Pennsylvania

 

1-13130
1-13132

 

23-7768996
23-2766549

(State or other jurisdiction of
incorporation)

 

(Commission File Number)

 

(I.R.S. Employer Identification
No.)

 

650 E. Swedesford Road
Wayne, PA

 

19087

(Address of principal executive offices)

 

(Zip Code)

 

Registrants’ telephone, including area code: (610) 648-1700

 

 

(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):

 

o  Written communications pursuant to Rule 425 under the Section Act (17 CFR 230.425).

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b)).

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c)).

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o

 

 

 


 

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

 

On April 10, 2019, the Board of Trustees (the “Board”) of Liberty Property Trust (the “Company”) elected Lawrence D. Raiman to fill a vacancy on the Board created by the action of the Board to increase its size to ten members, effective immediately. Mr. Raiman will receive compensation for his service on the Board as a non-employee member of the Board in the same manner as other non-employee members of the Board.  Mr. Raiman has been appointed to the Compensation Committee and Corporate Governance and Nominating Committee of the Board, effective upon his election to the Board.

 

There is no arrangement or understanding between Mr. Raiman and any other persons pursuant to which Mr. Raiman was elected to serve on the Board. There are no relationships between Mr. Raiman and the Company that would require disclosure pursuant to Item 404(a) of Regulation S-K.

 

A copy of the press release announcing these matters is attached to this Current Report on Form 8-K as Exhibit 99.1.

 

Item 9.01                                           Financial Statements and Exhibits.

 

(d)           Exhibits

 

Exhibit Number

 

Exhibit Title

99.1

 

Press Release dated April 10, 2019

 

2


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

LIBERTY PROPERTY TRUST

 

 

 

 

 

By:

/s/ Herman C. Fala

 

 

Name:

Herman C. Fala

 

 

Title:

Secretary and General Counsel

 

 

 

 

 

LIBERTY PROPERTY

 

LIMITED PARTNERSHIP

 

 

 

 

 

By:

Liberty Property Trust, its sole

 

 

General Partner

 

 

 

 

 

By:

/s/ Herman C. Fala

 

 

Name:

Herman C. Fala

 

 

Title:

Secretary and General Counsel

 

Dated: April 10, 2019

 

3


EX-99.1 2 a19-8116_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

News Release

Inquiries: Jeanne Leonard, Liberty Property Trust, 610.648.1704

 

Liberty Property Trust Appoints Lawrence D. Raiman to Board of Trustees

 

Wayne, PA — April 10, 2019 — Liberty Property Trust today announced the appointment of Lawrence (Larry) D. Raiman to its board of trustees, effective immediately. Mr. Raiman will serve on the board’s Corporate Governance and Nominating Committee, as well as the Compensation Committee. With Mr. Raiman’s appointment, the Liberty board now comprises 10 trustees, nine of whom are independent.

 

“Liberty is thrilled to add a leader of Larry’s caliber to the board of trustees,” said Bill Hankowsky, Chairman and Chief Executive Officer. “Larry is a REIT industry veteran who brings to Liberty nearly 30 years of leadership, investment and analytical experience in the sector. We look forward to leveraging his expertise and perspective as a real estate investor as we capitalize on the opportunities afforded by the industrial markets and our repositioned industrial platform.”

 

Mr. Raiman is Managing Principal, Chief Executive Officer and Portfolio Manager of LDR Capital Management, an asset management firm that manages a number of strategies focused on real estate and preferred securities on behalf of institutions and high net worth investors. Before founding LDR Capital Management in 2011, Mr. Raiman was Managing Director at Credit Suisse Group, and also ran the firm’s Global Real Estate Securities business, managing $2.6 billion on behalf of investors. Prior to this he was the head of real estate and REIT research at Credit Suisse, and earlier in his career, Mr. Raiman was a top-rated REIT industry analyst with Donaldson, Lufkin & Jenrette and PaineWebber. He is a certified public accountant and a member of the National Association of Real Estate Investment Trusts, the International Council of Shopping Centers, and the Urban Land Institute. Mr. Raiman received his MBA from Columbia Business School and his BS from The Pennsylvania State University.

 

About Liberty Property Trust

 

Liberty Property Trust (NYSE: LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty’s 106 million square foot operating portfolio provides productive work environments to 1,200 tenants.

 

###

 


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