ADC Agree Realty Corporation

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): November 12, 2015 (November 12, 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 5.02

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

 

On November 12, 2015 it was announced that Laith Hermiz was promoted from Executive Vice President to Chief Operating Officer.

 

 

 

Item 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits

 

Exhibit

Description

99.1

Press release, dated November 12, 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: November 16, 2015

 

 

EXHIBIT INDEX

 

Exhibit

Description

99.1

Press release, dated November 12, 2015.

 

Exhibit 99.1

 

 

 

FOR IMMEDIATE RELEASE

 

CONTACT: Joey Agree

Chief Executive Officer

(248) 737-4190

 

 

AGREE REALTY CORPORATION ANNOUNCES THE PROMOTION
AND ADDITION OF KEY EXECUTIVES

BLOOMFIELD HILLS, MI (November 12, 2015) - Agree Realty Corporation (NYSE: ADC) (the “Company”) announced today that the Company has promoted Laith Hermiz to Chief Operating Officer. Mr. Hermiz has been an integral member of the Company’s Leadership Team since 2010 and his responsibilities have included the implementation and direction of development and redevelopment activities, dispositions, and long-term asset management strategies.

 

The Company has also announced Daniel Ravid has joined the Company as Chief Administrative Officer and Treasurer. Mr. Ravid has 26 years of experience in business management, strategy, accounting, finance, and compliance and has held various executive management roles in high-growth middle market companies, as well as positions at FTI Consulting and Pricewaterhouse Coopers. He has been working with the Company on a consulting basis over the course of the last two years. He will oversee the Company’s accounting, treasury, and human resources activities. Mr. Ravid has an MBA from the University of Michigan and is a Certified Public Accountant.

 

“I am extremely pleased to be able to make both of these announcements today. Laith and Dan are first-class executives with tremendous leadership and managerial experience. Laith has been a key part of our Company’s success since he joined in 2010 and his efforts, sacrifice, and ownership-mentality personify the culture of our organization,” said Joey Agree, President and Chief Executive Officer of Agree Realty Corporation. “Dan has been supporting our team in the construction of our internal platforms for over two years and we are excited to have him join our organization in this new position as we look to continue to build upon our recent success.”

  

About Agree Realty Corporation

Agree Realty Corporation is primarily engaged in the acquisition and development of properties net leased to industry leading retail tenants. As of September 30, 2015, the Company owned and operated a portfolio of 264 properties, located in 41 states and containing approximately 4.8 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”.