Toggle SGML Header (+)


Section 1: 8-K (8-K)

Document


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): July 10, 2019
AMERICAN CAMPUS COMMUNITIES, INC.
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP
(Exact name of Registrant as specified in its Charter)
Maryland
Maryland
001-32265
333-181102-01
76-0753089
56-2473181
(State or other jurisdiction of
incorporation or organization)
(Commission file number)
(I.R.S. Employer
Identification Number)

12700 Hill County Blvd., Suite T-200, Austin, Texas 78738
(Address of Principal Executive Offices)     (Zip Code)
Registrant's telephone number, including area code: (512) 732-1000
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock, par value $0.01 per share
ACC
New York Stock Exchange

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 o





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







Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective July 10, 2019, Carla Piñeyro Sublett was appointed to the Board of Directors of American Campus Communities, Inc. (the "Company").
Ms. Piñeyro Sublett will serve as an independent director. In connection with her appointment to the Board of Directors, Ms. Piñeyro Sublett received an initial grant of restricted stock units with a fair market value on date of grant of $117,500. This grant immediately vested and was settled in shares of common stock. In connection with her service on the Board, Ms. Piñeyro Sublett will receive annual cash compensation and equity grants pursuant to the Company's director compensation policy.
Item 7.01    Regulation FD Disclosure
A copy of the press release issued in connection with the appointment of Ms. Piñeyro Sublett is attached hereto as Exhibit 99.1.
The press release is furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or subject to the liabilities of that Section. The press release shall not be incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.
Item 9.01.    Financial Statements and Exhibits.

(c)    Exhibits.

Exhibit
Number
 
Title
 
Press release, dated July 10, 2019







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: July 11, 2019

AMERICAN CAMPUS COMMUNITIES, INC.

By:    /s/ Kim K. Voss            
Kim K. Voss
Executive Vice President, Chief Accounting Officer

AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP

By:
American Campus Communities Holdings LLC, its general partner

By:
American Campus Communities, Inc., its sole member

By:    /s/ Kim K. Voss        
Kim K. Voss
Executive Vice President, Chief Accounting Officer



(Back To Top)

Section 2: EX-99.1 (EXHIBIT 99.1)

Exhibit


Exhibit 99.1
MEDIA RELEASE
398666603_acclogocolora10.jpg

American Campus Communities Appoints Carla Piñeyro Sublett to Board of Directors


AUSTIN, Texas, July 10, 2019--(BUSINESS WIRE)--American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced the appointment of Carla Piñeyro Sublett to the company’s board of directors, effective immediately. Piñeyro Sublett will serve as an independent director of the company.

Piñeyro Sublett is the chief marketing officer of National Instruments Corporation (Nasdaq: NATI), the provider of a software-defined platform that helps accelerate the development and performance of automated test and automated measurement systems. She previously served as the chief marketing officer of Rackspace Inc., a managed cloud computing company, and spent 15 years at Dell Technologies in executive leadership roles in sales and marketing.

Piñeyro Sublett is a member of the 2016 Class of Henry Crown Fellows at the Aspen Institute, which recognizes successful leaders under the age of 45 ready to apply their creative talents to building a better society. She was also included on Inc. magazine’s “2017 Women to Watch” list, Hispanic Business magazine’s “Top 50 Influential Hispanics” in 2014, and was awarded The Young Hispanic Corporate Achiever award by the Hispanic Association of Corporate Responsibility. Piñeyro Sublett is the president of the board of the Texas Conference for Women, serves on the board of the Austin Community Foundation and is an alumna of the University of Texas at Austin School of Architecture.

“Carla brings diverse professional experience to the ACC board of directors and broadens our skill set,” said Oliver Luck, ACC Nominating and Corporate Governance Committee Chair. “She will be a thoughtful advocate for shareholders and an outstanding addition to the team.”

“Carla’s broad professional and personal experiences will serve as an invaluable resource for our management team,” said Bill Bayless, ACC CEO. “Her passion and enthusiasm fit well with the American Campus culture and we look forward to her fresh insights and contributions.”


About American Campus Communities

American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties. As of March 31, 2019, American Campus Communities owned 171 student housing properties containing approximately 109,400 beds. Including its owned and third-party managed properties, ACC's total managed portfolio consisted of 205 properties with approximately 133,700 beds. Visit www.americancampus.com.








Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements under the applicable federal securities law. These statements are based on management’s current expectations and assumptions regarding markets in which American Campus Communities, Inc. (the “Company”) operates, operational strategies, anticipated events and trends, the economy, and other future conditions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. For discussions of some risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2018 under the heading “Risk Factors” and under the heading “Business - Forward-looking Statements” and subsequent quarterly reports on Form 10-Q. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise.




Media Contact
Ryan Dennison
Investor Relations
(512) 732-1000





(Back To Top)