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Section 1: 8-K (FORM 8-K)

kim20180605_8k.htm

 



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): June 4, 2018

 

KIMCO REALTY CORPORATION

 (Exact Name of registrant as specified in its charter)

 

 

 

 

 

Maryland

 

1-10899

 

13-2744380

(State or other jurisdiction
of incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification No.)

3333 New Hyde Park Road

Suite 100

New Hyde Park, NY 11042

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (516) 869-9000

 

Not Applicable

(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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 



 

 

 

 

 

Item 5.02. 

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On June 4, 2018, the Board of Directors (the “Board”) of Kimco Realty Corporation (the “Company”) elected Valerie Richardson to the Board. In connection with the election of Ms. Richardson, the Board increased its size from nine to ten directors. The Board appointed Ms. Richardson to the Audit, Executive Compensation and Nominating and Corporate Governance Committees of the Board.

 

Ms. Richardson will receive the same fees for her service as the Company’s other independent directors, which fees were disclosed in the Company’s proxy statement for its 2018 Annual Meeting of Stockholders.

 

Item 7.01.                   Regulation FD Disclosure.

 

A copy of the Company’s June 5, 2018 press release announcing the appointment of Ms. Richardson to the Board is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01.                   Financial Statements and Exhibits.

 

(d)           Exhibits.

 

Exhibit Number

 

Description

 

 

 

99.1

 

Press Release dated June 5, 2018

 

 

 

 

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.

 

 

KIMCO REALTY CORPORATION

 

 

Date: June 5, 2018

By:

/s/ Glenn G. Cohen

 

 

Name:

 Glenn G. Cohen

 

 

Title:

Chief Financial Officer

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Section 2: EX-99.1 (EXHIBIT 99.1)

ex_115943.htm

Exhibit 99.1

 

 
Listed on the New York Stock Exchange (KIM) NEWS RELEASE   

                                                                                                    

Kimco Realty Appoints Valerie Richardson to its Board of Directors

 

NEW HYDE PARK, NEW YORK June 5, 2018Kimco Realty Corp. (NYSE:KIM) today announced that Valerie Richardson, Vice President of Real Estate for The Container Store, Inc. and Chairman of the International Council of Shopping Centers (ICSC), has been appointed to the company’s Board of Directors. Her term will begin immediately. With Ms. Richardson’s appointment, Kimco’s Board has expanded to include ten members.

 

Ms. Richardson has over 35 years of experience in retail real estate, working for brands such as Ann Taylor, Barnes & Noble and most recently, The Container Store, where she has led the real estate team for nearly 18 years. An active industry participant and advocate, Ms. Richardson was recently elected Chairman of the ICSC for the 2018-2019 term, after having served on that organization’s Board of Trustees since 2004. She is the first ICSC Chairman to come to the post from an active retail company.

 

"The breadth and depth of Valerie’s retail experience and her exceptional character and leadership make her a valuable addition to our Board of Directors,” said Milton Cooper, Kimco’s Executive Chairman. “Valerie’s appointment enhances and complements the diverse set of skills and experience among our Board members, and reflects our steadfast commitment to staying ahead of the changes during this transformative period in retail.”

 

“We look forward to the unique insight and perspective Valerie will bring from her work in the retail side of the business," said Conor Flynn, Kimco’s Chief Executive Officer. "Her experience in leading the real estate strategies for several major brands will be an important asset for Kimco as we continue to make strides towards our 2020 Vision and strategically position our portfolio for the future of retail.”

 

In her role at The Container Store, Ms. Richardson is responsible for site evaluation and lease negotiation, along with the coordination of store design and construction for the brand’s nationwide expansion program. Prior to joining The Container Store, Ms. Richardson served as Senior Vice President of Real Estate and Development for Ann Taylor, Inc., where she administered the store expansion strategy of both Ann Taylor and Ann Taylor Loft. She also previously worked as Vice President of Real Estate and Development for Barnes & Noble, Inc. Ms. Richardson began her real estate career at the Dallas-based development firm Trammell Crow Company. She earned an MBA in Real Estate from the University of North Texas and a bachelor’s degree in Education from Texas State University.

 

About Kimco

 

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of March 31, 2018, the company owned interests in 475 U.S. shopping centers comprising 81 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for 60 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

 

 

 

 

Listed on the New York Stock Exchange (KIM) NEWS RELEASE   

                                                                                             

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CONTACT:

David F. Bujnicki

Senior Vice President, Investor Relations and Strategy

Kimco Realty Corp.

1-866-831-4297

dbujnicki@kimcorealty.com

 

 

 

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