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
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Date of Report (Date of Earliest Event Reported):
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March 1, 2011 |
Forest City Enterprises, Inc.
(Exact name of registrant as specified in its charter)
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Ohio
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1-4372
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34-0863886 |
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer |
of incorporation)
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File Number)
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Identification No.) |
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Terminal Tower, 50 Public Square, Suite 1100, Cleveland, Ohio
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44113 |
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(Address of principal executive offices)
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(Zip Code) |
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Registrants telephone number, including area code:
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216-621-6060 |
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))
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Item 5.02 |
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On March 1, 2011, Forest City Enterprises, Inc. (the Company) announced several planned
management and Board of Directors (the Board) changes, all of which will take effect following
the annual meeting of shareholders, expected to be held on June 10, 2011.
(b) Charles A. Ratner (age 69), currently President and Chief Executive Officer of the Company and
a Class B member of the Board, will be succeeded as President and Chief Executive Officer by
David J. LaRue. Concurrently with the succession, Mr. Ratner will become the Chairman of the Board
and will remain a Class B member of the Board.
Albert B. Ratner (age 83) and Samuel H. Miller (age 89), currently Class B members and
Co-Chairmen of the Board, will not stand for re-election to the Board and will step down as members
and Co-Chairmen of the Board. In recognition of their vast knowledge of the real-estate industry
and over 120 years of combined experience with the Company and community, the Board will appoint
Albert B. Ratner and Samuel H. Miller to serve as Co-Chairmen Emeritus and each will remain active
with the Company.
(c) David J. LaRue (age 49), Executive Vice President and Chief Operating Officer of the Company
since March 2010, will succeed Charles A. Ratner as President and Chief Executive Officer of the
Company. Mr. LaRue joined the Company in 1986. From 2003 to March 2010, Mr. LaRue served as
President and Chief Operating Officer of Forest City Commercial Group, Inc., a subsidiary of the
Company. To the Companys knowledge, there are no arrangements or understandings between Mr. LaRue
and any other person pursuant to which he was selected as the President and Chief Executive
Officer.
The management and Board changes disclosed above are not due to any disagreement with the Company
or concerns relating to the operations, policies, or practices of the Company.
A copy of the press release announcing the management and Board changes is furnished as Exhibit
99.1 to this Current Report on Form 8-K. The information in Exhibit 99.1 shall not be deemed
filed for purposes of Section 18 of the Securities Exchange Act of 1934 (Exchange Act), or
incorporated by reference in any filing under the Securities Act of 1933, or the Exchange Act.
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Item 9.01 |
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Financial Statements and Exhibits. |
(d) Exhibits.
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Exhibit No. |
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Description |
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99.1
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Press Release dated March 1, 2011. |