Current Report Filing (8-k)
April 08 2015 - 4:44PM
Edgar (US Regulatory)
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
April
1, 2015
Date
of Report
(Date
of earliest event reported)
American Spectrum Realty, Inc.
|
|
(Exact name of registrant as
specified in its charter)
|
Maryland
|
001-16785
|
52-2258674
|
(State or Other Jurisdiction of incorporation)
|
(Commission File Number)
|
(I.R.S. Employer Identification No.)
|
2401 Fountain View, Suite 750, Houston, Texas 77057
|
(Address
of principal executive offices)
(Zip Code)
|
(713) 706-6200
|
(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 Instructions A.2.
below):
⃞
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.
Effective April 1, 2015, American Spectrum Realty, Inc. (the “Company”)
and Matthew Thornton, the President of the Company’s subsidiary,
American Spectrum Risk and Insurance Services, LLC (the “Subsidiary”),
agreed to a reduction of his annual base salary from $175,000 to
$125,000 in consideration for the Company consenting to Mr. Thornton
managing a company, TRAC Risk Insurance Services, LLC (“TRAC”), involved
in managing a tenant insurance program for self-storage properties. The
Company may be a participant in the tenant insurance program through
TRAC and may receive revenues from tenants of the Company’s self-storage
properties when such tenants purchase insurance policies through
TRAC. The Board of Directors of the Company and the Audit Committee
have determined that Mr. Thornton’s responsibilities at TRAC will not
affect his responsibilities for the Company or the Subsidiary and is in
compliance with the Company’s Code of Ethics.
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.
|
|
AMERICAN SPECTRUM REALTY, INC.
|
|
|
|
|
|
|
|
|
By:
|
|
/s/ William J. Carden
|
|
|
|
|
William J. Carden
|
|
|
|
|
Chairman of the Board, President
|
|
|
|
|
and Chief Executive Officer
|
|
|
|
|
|
Date:
|
April 7, 2015
|
|
|
|
American Spectrum (AMEX:AQQ)
Historical Stock Chart
From Jun 2024 to Jul 2024
American Spectrum (AMEX:AQQ)
Historical Stock Chart
From Jul 2023 to Jul 2024