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) December 13, 2005
ONE LIBERTY PROPERTIES, INC.
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(Exact name of Registrant as specified in charter)
Maryland 001-09279 13-3147497
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(State or other (Commission file No.) (IRS Employer
jurisdiction of I.D. No.)
incorporation)
60 Cutter Mill Road, Suite 303, Great Neck, New York 11021
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code 516-466-3100
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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 (see General Instruction A.2. below):
--- 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. Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.
On December 13, 2005, the Board of Directors of One Liberty Properties, Inc.
elected Eugene I. Zuriff to serve as member of its Board of Directors. Mr.
Zuriff will serve until One Liberty's 2006 annual meeting of stockholders or
until his successor is elected and shall qualify. Mr. Zuriff was appointed to
serve on the Compensation Committee and Nominating and Corporate Governance
Committee.
Since May, 2004, Mr. Zuriff, 66 years old, has served as the President of The
Smith & Wollensky Restaurant Group, Inc., a public company which develops, owns
and operates a diversified portfolio of white table cloth restaurants in the
United States. Mr. Zuriff has served on the Board of Directors of The Smith &
Wollensky Restaurant Group, Inc. since 1997 and was a consultant to The Smith &
Wollensky Restaurant Group, Inc. from February 1997 to May 2004. Mr. Zuriff has
served on the Board of Directors of Doral Federal Savings Bank since 2001, and
became Chairman of its Audit Committee in 2003. Mr. Zuriff also serves as a
National Director of the "I Have A Dream Foundation." From 1988 to 1997, Mr.
Zuriff was the New York representative of the Multi-Commercial Bank in Geneva,
Switzerland.
There are no arrangements or understandings between Mr. Zuriff and the
Registrant, its subsidiaries or any other person pursuant to which Mr. Zuriff
was selected as a Director of the Registrant. There is no information required
to be disclosed with respect to Mr. Zuriff pursuant to Item 404(a) of Regulation
S-K.
The Registrant issued a press release announcing the appointment of Mr. Zuriff
to its Board of Directors on December 14, 2005. A copy of the press release is
attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Exhibits.
99.1 Press Release dated December 14, 2005.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ONE LIBERTY PROPERTIES, INC.
Date: December 14, 2005 By: /s/ Simeon Brinberg
Simeon Brinberg
Senior Vice President
EXHIBIT 99.1
ONE LIBERTY PROPERTIES, INC.
60 CUTTER MILL ROAD, SUITE 303
GREAT NECK, NY 11021
Telephone No.: 516-466-3100
Facsimile No.: 516-466-3132
www.onelibertyproperties.com
ONE LIBERTY PROPERTIES, INC. ANNOUNCES APPOINTMENT OF
EUGENE I. ZURIFF TO BOARD OF DIRECTORS
Great Neck, New York - December 14, 2005- One Liberty Properties, Inc. (NYSE:
OLP) today announced that Eugene I. Zuriff was elected to its Board of
Directors. Mr. Zuriff will serve as a director until the 2006 annual meeting of
stockholders, and it is expected that he will be proposed for election to a full
three-year term at the 2006 annual meeting of stockholders.
Since May, 2004, Mr. Zuriff has served as the President of The Smith & Wollensky
Restaurant Group, Inc., a public company which develops, owns and operates a
diversified portfolio of white table cloth restaurants in the United States. Mr.
Zuriff has served on the Board of Directors of The Smith & Wollensky Restaurant
Group, Inc. since 1997 and was a consultant to The Smith & Wollensky Restaurant
Group, Inc. from February 1997 to May 2004. Mr. Zuriff has served on the Board
of Directors of Doral Federal Savings Bank since 2001, and became Chairman of
its Audit Committee in 2003. Mr. Zuriff also serves as a National Director of "I
Have A Dream Foundation." From 1988 to 1997, Mr. Zuriff was the New York
representative of the Multi-Commercial Bank in Geneva, Switzerland.
"We are very excited to have Gene join our Board of Directors, as his experience
and his in-depth knowledge of finance and real estate makes him an excellent
addition to our Board" said Fredric H. Gould, One Liberty's Chief Executive
Officer and Chairman of the Board.
One Liberty Properties is a real estate investment trust which invests in
commercial real estate, primarily net leased properties, and other real estate
related investments.
Certain information contained in this press release, including information with
respect to factors which may improve our future results of operations and future
acquisitions, together with other statements and information publicly
disseminated by One Liberty Properties, Inc. is forward looking within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities and Exchange Act of 1934, as amended. We intend such
forward looking statements to be covered by the safe harbor provision for
forward looking statements contained in the Private Securities Litigation Reform
Act of 1995 and include this statement for the purpose of complying with these
safe harbor provisions. Information regarding certain important factors that
could cause actual outcomes or other events to differ materially from any such
forward looking statements will appear in the Company's Form 10-K for the year
ended December 31, 2005. You should not rely on forward looking statements since
they involve known and unknown risks, uncertainties and other factors which are,
in some cases, beyond our control and which could materially affect actual
results, performance or achievements.
Contact: Simeon Brinberg - (516) 466-3100