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): July 10, 2015 (July 9, 2015)

 

AGREE REALTY CORPORATION

(Exact name of registrant as specified in its charter)

 

Maryland

(State of other jurisdiction of incorporation)

 

1-12928

(Commission file number)

 38-3148187
    (I.R.S. Employer Identification No.)

70 E. Long Lake Road

Bloomfield Hills, MI

(Address of principal executive offices)
48304
(Zip code)

 

(Registrant’s telephone number, including area code) (248) 737-4190

 

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 5.02Departure of Directors or Certain Officers; Election of Directors.

 

On July 9, 2015, Brian R. Dickman voluntarily submitted his resignation, effective on or about August 4, 2015, from his positions as Chief Financial Officer and Secretary of Agree Realty Corporation (the “Company”).

 

Also on July 9, 2015, the Company appointed Kenneth R. Howe to serve as the Company’s interim Chief Financial Officer, effective as of the date of Mr. Dickman’s departure. Mr. Howe served as the Company’s Chief Financial Officer from April 1994 until his retirement from that position in November 2010; since that time, he has served as the Company’s Director of Tax.

 

Item 9.01.Financial Statements and Exhibits.

 

(d)Exhibits

 

Exhibit     Description
   
99.1 Press release, dated July 10, 2015.

  

 
 

 

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.

 

  AGREE REALTY CORPORATION
   
  /s/ Joel N. Agree
  President and Chief Executive Officer

   

Date: July 10, 2015

 

 
 

 

EXHIBIT INDEX

 

Exhibit     Description
   
99.1 Press release, dated July 10, 2015.

 

 



 

Exhibit 99.1

Agree Realty Announces Resignation Of Chief Financial Officer Brian Dickman, Appointment Of Kenneth Howe As Interim Chief Financial Officer And Search For Permanent Successor

BLOOMFIELD HILLS, Mich., July 10, 2015 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Mr. Brian Dickman has resigned as Chief Financial Officer and Secretary to pursue another business opportunity. The resignation will take effect after a transition period which is expected to end on or around August 4, 2015. Mr. Kenneth Howe, former Chief Financial Officer of the Company, has been appointed to serve as interim Chief Financial Officer upon Mr. Dickman's departure. Mr. Howe has been with the Company since its initial public offering in 1994, serving as Chief Financial Officer from April 1994 to November 2010, and is currently the Company's Director of Tax. Mr. Michael Donahue, the Company's Corporate Controller, will continue to lead the day-to-day operations of the Company's accounting department. The Company has commenced a search for Mr. Dickman's permanent replacement.

"We want to thank Brian for his contributions to our Company during his tenure and wish him the best in his new position," said Joey Agree, President and Chief Executive Officer of the Company. "We will work to locate and hire a capable, like-minded successor in a timely fashion. We are confident that our experienced financial and accounting teams will continue to oversee the financial operations of the Company while we look for Brian's successor."

About Agree Realty Corporation

Agree Realty is primarily engaged in the acquisition and development of properties net leased to industry leading retail tenants. The Company currently owns and operates a portfolio of 253 properties, located in 41 states and containing approximately 5.0 million square feet of gross leasable space. The common stock of Agree Realty Corporation is listed on the New York Stock Exchange under the symbol "ADC".

For additional information, visit the Company's web page at www.agreerealty.com.

This press release contains forward-looking statements that represent the Company's expectations and projections for the future. Although these forward-looking statements are based on good faith beliefs, reasonable assumptions and the Company's best judgment reflecting current information, certain factors could occur that might cause actual results to vary, including deterioration in national economic conditions, weakening of real estate markets, decreases in the availability of credit, increases in interest rates, adverse changes in the retail industry, our continuing ability to qualify as a REIT and other factors discussed in the Company's reports filed with the Securities and Exchange Commission. Except as required by law, the Company assumes no obligation to update these forward-looking statements, even if new information becomes available in the future.



CONTACT: Joel N. Agree, Chief Executive Officer, (248) 737-4190

Agree Realty (NYSE:ADC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Agree Realty Charts.
Agree Realty (NYSE:ADC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Agree Realty Charts.