UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): March 17, 2005
UNITED DOMINION REALTY TRUST, INC.
Maryland | 1-10524 | 54-0857512 | ||
(State or other jurisdiction of | (Commission File Number) | (I.R.S. Employer | ||
incorporation) | Identification No.) |
1745 Shea Center Drive, Suite 200, Highlands Ranch, Colorado | 80129 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (720) 283-6120
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:
o Written communications pursuant to Rule 425 under the Securities 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))
ITEM 1.01. Entry into a Material Definitive Agreement
On March 17, 2005, the Board of Directors of United Dominion Realty Trust, Inc. (the Company) approved the executive compensation arrangements described in Exhibit 10.25 to the Companys Annual Report on Form 10-K for the year ended December 31, 2004, filed with the Securities and Exchange Commission (the Commission) on March 15, 2005 (Commission File No. 1-10524). Information regarding the compensation arrangements as set forth in Exhibit 10.25 to the Annual Report on Form 10-K for the year ended December 31, 2004 is incorporated herein by reference to such exhibit.
The Companys 1999 Long-Term Incentive Plan, as amended and restated through July 22, 2004, and the form of restricted stock award thereunder, are attached as Exhibits 99.5 and 99.6, respectively, to our Current Report on Form 8-K dated December 31, 2004, filed with the Commission on January 11, 2005 (Commission File No. 1-10524) and are incorporated herein by reference. A description of our Series B Out-Performance Program is attached as Exhibit 10.22 to our Annual Report on Form 10-K for the year ended December 31, 2003, filed with the Commission on March 11, 2004 (Commission File No. 1-10524) and is incorporated herein by reference.
ITEM 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On March 17, 2005, the Companys Board of Directors approved articles supplementary to the Companys amended and restated articles of incorporation to reclassify 8,000,000 authorized and previously issued shares of Series D Cumulative Convertible Redeemable Preferred Stock and 621,405 authorized and previously issued shares of Series E Cumulative Convertible Preferred Stock (which previously issued shares of Series D and Series E preferred stock have been reacquired by the Company through the conversion thereof), into the same number of unissued shares of undesignated preferred stock, without par value, subject to further classification or reclassification and issuance by the Companys Board of Directors. The articles supplementary were filed with the State Department of Assessments and Taxation of the State of Maryland on March 21, 2005 and became effective on that date. The articles supplementary are attached hereto as Exhibit 3.02 and are incorporated herein by reference.
On March 17, 2005, the Companys Board of Directors also approved an amendment to the Companys amended and restated articles of incorporation to increase the number of authorized shares of preferred stock from 25,000,0000 shares of preferred stock without par value to 50,000,000 shares of preferred stock without par value. This amendment to the Companys amended and restated articles of incorporation was filed with the State Department of Assessments and Taxation of the State of Maryland on March 21, 2005 and became effective on that date. The amendment is attached hereto as Exhibit 3.03 and is incorporated herein by reference.
On March 21, 2005, the Company filed with the State Department of Assessments and Taxation of the State of Maryland a Certificate of Correction to its Articles of Merger with United Dominion Realty Corporation, Inc., a Virginia corporation, dated June 11, 2003. This Certificate of
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Correction was filed to make certain corrections to the Companys Amended and Restated Articles of Incorporation attached as Exhibit A to the Articles of Merger dated June 11, 2003. A copy of the Certificate of Correction, which is effective on the filing date of March 21, 2005, is attached hereto as Exhibit 2.02 and is incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits
(c) Exhibits
Exhibit | ||
No. | Description | |
2.01
|
Articles of Merger between the Company and United Dominion Realty Trust, Inc., a Virginia corporation, filed with the State Department of Assessments and Taxation of the State of Maryland (incorporated by reference to Exhibit 2.01 to the Companys Current Report on Form 8-K dated and filed with the Commission on June 11, 2003, Commission File No. 1-10524). | |
2.02
|
Certificate of Correction to Articles of Merger between the Company and United Dominion Realty Trust, Inc., a Virginia corporation, filed with the State Department of Assessments and Taxation of the State of Maryland on March 21, 2005. | |
3.01
|
Amended and Restated Articles of Incorporation (incorporated by reference to Exhibit A to Exhibit 2.01 to the Companys Current Report on Form 8-K dated and filed with the Commission on June 11, 2003, Commission File No. 1-10524). | |
3.02
|
Articles Supplementary filed with the State Department of Assessments and Taxation of the State of Maryland on March 21, 2005. | |
3.03
|
Articles of Amendment to the Amended and Restated Articles of Incorporation filed with the State Department of Assessments and Taxation of the State of Maryland on March 21, 2005. | |
3.04
|
Certificate of Correction to Articles of Merger (see Exhibit 2.02 to this Current Report on Form 8-K). | |
10.01
|
Compensation Summary (incorporated by reference to Exhibit 10.25 to the Companys Annual Report on Form 10-K for the year ended December 31, 2004, Commission File No. 1-10524). | |
10.02
|
Description of Series B Out-Performance Program (incorporated by reference to Exhibit 10.22 to the Companys Annual Report on Form 10-K for the year ended December 31, 2003, Commission File No. 1-10524). | |
10.03
|
1999 Long-Term Incentive Plan (as amended and restated through July 22, 2004) (incorporated by reference to Exhibit 99.5 to the Companys Current Report on Form 8-K dated December 31, 2004 and filed with the Commission on January 11, 2005, Commission File No. 1-10524). |
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Exhibit | ||
No. | Description | |
10.04
|
Form of Restricted Stock Awards (incorporated by reference to Exhibit 99.6 to the Companys Current Report on Form 8-K dated December 31, 2004 and filed with the Commission on January 11, 2005, Commission File No. 1-10524). | |
10.05
|
Employment Agreement of Richard A. Giannotti dated December 8, 1998 (incorporated by reference to Exhibit 10.24 to the Companys Annual Report on Form 10-K for the year ended December 31, 2004, filed with the Commission on March 15, 2005, Commission File No. 1-10524). |
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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.
UNITED DOMINION REALTY TRUST, INC. |
||||
Date: March 21, 2005 | /s/ Scott A. Shanaberger | |||
Scott A. Shanaberger | ||||
Senior Vice President and Chief Accounting Officer |
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Exhibit Index
Exhibit No. | Description | |
2.01
|
Articles of Merger between the Company and United Dominion Realty Trust, Inc., a Virginia corporation, filed with the State Department of Assessments and Taxation of the State of Maryland (incorporated by reference to Exhibit 2.01 to the Companys Current Report on Form 8-K dated and filed with the Commission on June 11, 2003, Commission File No. 1-10524). | |
2.02
|
Certificate of Correction to Articles of Merger between the Company and United Dominion Realty Trust, Inc., a Virginia corporation, filed with the State Department of Assessments and Taxation of the State of Maryland on March 21, 2005. | |
3.01
|
Amended and Restated Articles of Incorporation (incorporated by reference to Exhibit A to Exhibit 2.01 to the Companys Current Report on Form 8-K dated and filed with the Commission on June 11, 2003, Commission File No. 1-10524). | |
3.02
|
Articles Supplementary filed with the State Department of Assessments and Taxation of the State of Maryland on March 21, 2005. | |
3.03
|
Articles of Amendment to the Amended and Restated Articles of Incorporation filed with the State Department of Assessments and Taxation of the State of Maryland on March 21, 2005. | |
3.04
|
Certificate of Correction to Articles of Merger (see Exhibit 2.02 to this Current Report on Form 8-K). | |
10.01
|
Compensation Summary (incorporated by reference to Exhibit 10.25 to the Companys Annual Report on Form 10-K for the year ended December 31, 2004, Commission File No. 1-10524). | |
10.02
|
Description of Series B Out-Performance Program (incorporated by reference to Exhibit 10.22 to the Companys Annual Report on Form 10-K for the year ended December 31, 2003, Commission File No. 1-10524). | |
10.03
|
1999 Long-Term Incentive Plan (as amended and restated through July 22, 2004) (incorporated by reference to Exhibit 99.5 to the Companys Current Report on Form 8-K dated December 31, 2004 and filed with the Commission on January 11, 2005, Commission File No. 1-10524). | |
10.04
|
Form of Restricted Stock Awards (incorporated by reference to Exhibit 99.6 to the Companys Current Report on Form 8-K dated December 31, 2004 and filed with the Commission on January 11, 2005, Commission File No. 1-10524). | |
10.05
|
Employment Agreement of Richard A. Giannotti dated December 8, 1998 (incorporated by reference to Exhibit 10.24 to the Companys Annual Report on Form 10-K for the year ended December 31, 2004, filed with the Commission on March 15, 2005, Commission File No. 1-10524). |
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