United
States
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): December 19,
2007
Commission
File Number 1-12803
URSTADT
BIDDLE PROPERTIES INC.
(Exact
Name of Registrant in its Charter)
|
Maryland
|
04-2458042
|
|
(State
or other jurisdiction of incorporation or organization)
|
(I.R.S.
Employer Identification Number)
|
|
321
Railroad Avenue, Greenwich, CT
|
06830
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant's
telephone number, including area code: (203)
863-8200
N/A
(Former
Name or Former address, if Changed Since Last Report)
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(b) 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
December 19, 2007, Urstadt Biddle Properties Inc. (the “Company”) entered into
an amended and restated Change of Control Agreement (each, an “Agreement” and
collectively, the “Agreements”) with each of the following officers of the
Company: Charles J. Urstadt, Chief Executive Officer; Willing L. Biddle,
President and Chief Operating Officer; James R. Moore, Executive Vice President
and Chief Financial Officer; Raymond P. Argila, Senior Vice President,
Co-Counsel and Assistant Secretary; and Thomas D. Myers, Senior Vice President,
Co-Counsel and Secretary (each, an “Employee”). The Agreements amend
existing Change of Control Agreements between the Company and the Employees
in
response to the guidance provided by the regulations issued under Section 409A
of the Internal Revenue Code of 1986, as amended, and provide substantially
the
same benefits as under the existing Change of Control
Agreements. Each Agreement provides that if the Employee’s employment
with the Company terminates under certain circumstances within eighteen (18)
months following a Change of Control, as defined in the Agreement, the Company
shall pay the Employee an amount equal to twelve (12) months of the Employee’s
base salary in effect at the date of the Change of Control and shall either:
(a)
continue in effect for a period of twelve months, for the benefit of the
Employee and his family, life and health insurance, disability, medical and
other benefit programs in which the Employee participates, provided that the
Employee’s continued participation is possible, or (b) if such continued
participation is not possible, arrange to provide for the Employee and his
family similar benefits for the same period.
Item
9.01 Financial
Statements and Exhibits
The
following exhibit is filed
herewith:
|
|
Exhibit No. 99.1 Form of Amended and Restated Change of
Control Agreement
|
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.
|
Date: December
26, 2007
|
URSTADT
BIDDLE PROPERTIES INC.
|
|
(Registrant)
|
|
|
/s/
James R. Moore
|
|
|
James
R. Moore
|
|
|
Executive
Vice President & Chief Financial
Officer
|
EXHIBIT
INDEX
|
Exhibit
No.
|
Description
|
|
99.1
|
Form
of Amended and Restated Change of Control
Agreement
|