UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant To Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 18, 2006
Brandywine Realty Trust
(Exact name of issuer as specified in charter)
| Maryland (State or Other Jurisdiction of Incorporation or Organization) |
1-9106 (Commission file number) |
23-2413352 (I.R.S. Employer Identification Number) |
555 East Lancaster Avenue, Suite 100
Radnor, Pennsylvania 19087
(Address of principal executive offices)
(610) 325-5600
(Registrant’s telephone number, including area code)
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Explanatory Note:
This Current Report on Form 8-K/A is being filed solely to include Exhibit 99.1 which was omitted from the Current Report on Form 8-K filed on September 21, 2006 due to a printing error. This Form 8-K/A reflects the inclusion of the exhibit.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On September 18, 2006, Scott W. Fordham, our Vice President and Chief Accounting Officer, advised us of his decision to accept an executive position with another real estate investment trust upon the expiration of his employment contract with us on January 5, 2007. Mr. Fordham will continue in his position until the January expiration date. We entered into a one-year employment contract with Mr. Fordham upon our merger with Prentiss Properties Trust in January 2006.
Item 7.01 Regulation FD.
Attached as an exhibit to this Form 8-K is a copy of a press release that we issued on September 20, 2006 announcing certain executive promotions and Mr. Fordham’s notice to us.
Item 9.01 Financial Statements and Exhibits.
| Exhibits | ||
| 99.1 | Press release |
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| BRANDYWINE REALTY TRUST | |
| Date: September 21, 2006 | By: /s/ Gerard H. Sweeney |
| Gerard H. Sweeney President and Chief Executive Officer |
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EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | Press Release | |
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FOR IMMEDIATE RELEASE |
Contact:
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Press Contact: Tom Nolan Beckerman Public Relations 908-781-6420 tom@beckermanpr.com
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Investor Contact: Gerard H. Sweeney Timothy M. Martin Brandywine Realty Trust 610-325-5600 info@brandywinerealty.com |
Brandywine Realty Trust Announces Executive Promotions
RADNOR, PA, September 20, 2006 — Brandywine Realty Trust (NYSE: BDN), today announced several management changes.
Bob Wiberg has been promoted to Executive Vice President and Senior Managing Director of the Metro Washington, DC region. Bob will continue to lead the Metro Washington, DC region and will also assume additional oversight responsibilities for our Southwest and Northern California regions. His office is located in Falls Church, Virginia.
Mike Cooper has also been promoted to Senior Vice President and Managing Director for the Metropolitan DC region. Mike will continue to report to Bob Wiberg and will be responsible for identifying investment opportunities and overseeing operations in select Northern Virginia and Suburban Maryland markets. His office is located in Falls Church, Virginia.
Bill Redd, Vice President and Managing Director, will continue to lead our Richmond, Virginia office and report to Bob Wiberg.
George Sowa has been promoted to Executive Vice President and Senior Managing Director for our New Jersey region. George will remain responsible for the New Jersey region and will also assume additional oversight of our Pennsylvania West and Pennsylvania North operations. His office is located in Mt. Laurel, New Jersey.
Dan Palazzo, formerly Director of Operations in Southern New Jersey, has been promoted to Vice President of Asset Management for our Pennsylvania Suburbs. In this capacity, Dan will serve as a lead operational executive in both Pennsylvania West and Northern operations. His office is located in Radnor, Pennsylvania.
George Johnstone, who has overseen integration activities following our January 2006 merger with Prentiss Properties, has been promoted to Senior Vice President of Operations and together, with our Managing Directors, will oversee the consistent execution of our operating strategies. His office is located in Radnor, Pennsylvania.
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555 East Lancaster Avenue, Suite 100, Radnor PA 19087 |
Phone: (610) 325-5600 • Fax: (610) 325-5622 • www.brandywinerealty.com |
Tony Ziccardi, who previously served as Project Executive, has been promoted to Vice President of Suburban Development. In this capacity, Tony will be responsible for executing the company’s Suburban Philadelphia and New Jersey Development Programs and will report directly to George Sowa. His office is located in Radnor, Pennsylvania.
Additionally, Jim Cuorato, Project Executive, has been promoted to Vice President of Urban Development, and will report directly to Tony Rimikis our Senior Vice President of Development. His office is in the Cira Centre, located in Philadelphia, Pennsylvania.
Scott W. Fordham, Vice President and Chief Accounting Officer has advised us of his decision not to relocate to Philadelphia and to accept a similar accounting position with another company. Mr. Fordham plans on leaving the company’s employ at the expiration of his current employment contract on January 5, 2007.
In commenting on this announcement, Jerry Sweeney, President and Chief Executive Officer of Brandywine noted, “These changes further enhance our operating platform while maintaining a key focus on our investment strategies. They position us extremely well to continue our long track record of market out-performance and growing our profitability.”
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN), with headquarters in Radnor, PA, is one of the largest full-service, completely integrated real estate companies in the United States. Organized as a real estate investment trust (REIT), Brandywine owns, manages or has ownership interest in office and industrial properties aggregating 45 million square feet.
For more information, visit Brandywine’s Web site at www.brandywinerealty.com.
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Note: Certain statements in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, achievements or transactions of the Company and its affiliates or industry results to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors relate to, among others, the Company’s ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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