UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
June 11, 2020 (
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Securities Registered Pursuant to Section 12(b) of the Act:
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Item 1.01 | Entry into a Material Definitive Agreement. |
On June 10, 2020, Mack-Cali Realty Corporation (the “Company”) entered into a letter agreement (the “Letter Agreement”) with Bow Street LLC (“Bow Street”) in connection with the postponement of the Company’s 2020 Annual Meeting of Stockholders (including any adjournments or postponements thereof, the “2020 Annual Meeting”), which was previously scheduled to occur on June 10, 2020.
Pursuant to the terms of the Letter Agreement, the Board of Directors of the Company (the “Board”) will promptly (and in any event within 48 hours) take the following sequential actions:
(i) | postpone the 2020 Annual Meeting until July 1, 2020; |
(ii) | increase the size of the Board from eleven (11) directors to fifteen (15) directors; |
(iii) | appoint Tammy K. Jones, A. Akiva Katz, Mahbod Nia and Howard K. Stern to serve as directors of the Company with terms expiring at the 2020 Annual Meeting; |
(iv) | nominate each of Alan R. Batkin, Michael Berman, Frederic Cumenal, MaryAnne Gilmartin, Tammy K. Jones, A. Akiva Katz, Nori Gerardo Lietz, Mahbod Nia, and Howard Stern for election to the Board at the 2020 Annual Meeting; |
(v) | accept the resignations as directors of Alan S. Bernikow, Michael J. DeMarco, William L. Mack, Lisa Myers, Laura H. Pomerantz, Irvin D. Reid and Rebecca Robertson; |
(vi) | appoint Michael Berman to serve as a director of the Company with a term expiring at the 2020 Annual Meeting. |
Pursuant to the Letter Agreement, the Company will promptly take any further action necessary to revise and distribute a proxy statement for the 2020 Annual Meeting that reflects the nomination of the Company’s revised slate of candidates for election to the Board at the Annual Meeting, as described above, and will use its reasonable best efforts to cause the election of the Company’s revised slate of nominees at the 2020 Annual Meeting.
The foregoing summary of the Letter Agreement is not complete and is qualified in its entirety by reference to the Letter Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
The description of the terms of the Letter Agreement included under Item 1.01 is incorporated herein by reference.
Item 8.01 | Other Events. |
On June 11, 2020, the Company issued a press release announcing the Company’s entry into the Letter Agreement and the changes to the composition of the Board, postponement of the 2020 Annual Meeting until July 1, 2020, and the other matters contemplated by the Letter Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit Number | Exhibit Title | |
10.1 | Letter Agreement, dated June 10, 2020, between Mack-Cali Realty Corporation and Bow Street LLC | |
99.1 | Press Release of Mack-Cali Realty Corporation dated June 11, 2020 | |
104.1 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MACK-CALI REALTY CORPORATION | |||
Dated: June 11, 2020 | By: | /s/ Gary T. Wagner | |
Gary T. Wagner | |||
General Counsel and Secretary | |||
MACK-CALI REALTY, L.P. | |||
By: | Mack-Cali Realty Corporation, | ||
its general partner | |||
Dated: June 11, 2020 | By: | /s/ Gary T. Wagner | |
Gary T. Wagner | |||
General Counsel and Secretary |
EXHIBIT INDEX
Exhibit Number | Exhibit Title | |
10.1 | Letter Agreement, dated June 10, 2020, between Mack-Cali Realty Corporation and Bow Street LLC | |
99.1 | Press Release of Mack-Cali Realty Corporation dated June 11, 2020 | |
104.1 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |