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
Date of Report (Date of Earliest Event Reported): August 23, 2007
ACADIA REALTY TRUST
(Exact name of registrant as specified in its charter)
Maryland 1-12002 23-2715194
(State or other (Commission (I.R.S. Employer
jurisdiction of incorporation) File Number) Identification No.)
1311 Mamaroneck Avenue
Suite 260
White Plains, New York 10605
(Address of principal executive offices) (Zip Code)
(914) 288-8100
(Registrant's telephone number, including area code)
(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 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 August 27, 2007, Acadia Realty Trust ("the Company") issued a press release
announcing the election of William T. Spitz to the Company's Board of Trustees.
Mr. Spitz was elected to the Board on August 23, 2007. Mr. Spitz recently
retired from his position as Vice Chancellor for Investments and Treasurer of
Vanderbilt University, a position he held since November 1985.
As a Trustee, Mr. Spitz will receive an annual Trustee fee in the amount of
$30,000, comprised of $15,000 cash and $15,000 of unrestricted Common Shares,
plus a fee of $1,750 for each meeting of the Board of Trustees attended, $1,500
for each committee meeting attended and $750 for each Board of Trustees or
committee meeting attended telephonically. Also, Mr. Spitz will be entitled to
an annual grant of 2,000 Restricted Common Shares which will vest immediately.
In addition, he will be reimbursed for travel and lodging expenses associated
with attending meetings of the Board of Trustees and committee meetings.
A copy of the press release is attached to this report on Form 8-K as Exhibit
99.1 and incorporated herein by reference.
Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements
Not Applicable
(b) Pro Forma Financial Information
Not Applicable
(c) Shell Company Transactions
Not Applicable
(d) Exhibits
Exhibit Number Description
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99.1 Press release of the Company dated August 27, 2007.
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.
ACADIA REALTY TRUST
(Registrant)
Date: August 28, 2007 By: /s/ Michael Nelsen
-------------------------------------
Name: Michael Nelsen
Title: Chief Financial Officer and
Senior Vice President