SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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: MARCH 11, 1998
HRE PROPERTIES, INC.
(Exact Name of Registrant as Specified in its Charter)
MARYLAND 1-6309 04-2458042*
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation or Organization) Number) Identification Number)
321 RAILROAD AVENUE
GREENWICH, CONNECTICUT 06830
203-863-8200
(Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices)
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* I.R.S. Employer Identification Number of HRE Properties, the predecessor
to the registrant prior to the Reorganization described in Registration
Statement No. 333-19113-01.
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ITEM 5. OTHER EVENTS.
Effective March 11, 1998, HRE Properties, Inc. (the "Company") changed
its corporate name to "Urstadt Biddle Properties Inc." The name change was
approved by the Company's stockholders at the Annual Meeting of Stockholders
held on March 11, 1998. The name change became effective on March 11, 1998 upon
the filing of the Articles of Amendment to the Company's Charter with the
Maryland State Department of Assessments and Taxation.
A copy of the press release, dated March 11, 1998, issued by the
Company regarding the name change is attached as Exhibit 99.1 hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
Listed below is the exhibit furnished in accordance with Item
601 of Regulation S-K.
99.1 Press Release, dated March 11, 1998, announcing corporate
name change.
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SIGNATURE
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, thereunto duly authorized, in the City of Greenwich, State
of Connecticut on March 11, 1998.
HRE PROPERTIES, INC.
By: /s/ James R. Moore
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James R. Moore,
Executive Vice President - Chief
Financial Officer
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Exhibit 99.1
CONTACT: James R. Moore
HRE Properties, Inc.
(203) 863-8200
STOCKHOLDERS OF HRE PROPERTIES, INC. APPROVE NAME CHANGE
TO URSTADT BIDDLE PROPERTIES INC.
ALSO ELECTS THREE DIRECTORS AND APPROVES AUDITORS
Greenwich, Connecticut, March 11, 1998 ... At their annual meeting today,
stockholders of HRE Properties, Inc. (NYSE: HRE) approved a change in the
corporate name to Urstadt Biddle Properties Inc. The Company's NYSE ticker
symbol will change from HRE to "UBP", effective March 12, 1998.
HRE's Board of Directors believes that the name HRE lacked identity and was
easily confused with other real estate companies with similar acronyms. Whereas,
the name Urstadt Biddle Properties Inc. demonstrates the commitment of Messrs.
Urstadt and Biddle to the integrity and future of the Company. Charles J.
Urstadt, Chairman and Chief Executive Officer, changed the company's corporate
strategy to its present focus on investments in shopping centers, with primary
emphasis in the Northeastern part of the United States. Willing L. Biddle,
President and Chief Operating Officer, has a substantial interest in the Company
and represents the next generation of leadership.
Shareholders also approved the election of Willing L. Biddle, Charles D. Urstadt
and E. Virgil Conway as directors and the appointment of Arthur Andersen LLP as
the auditors for the ensuing year.
Urstadt Biddle Properties Inc. is a self-administered equity real estate
investment trust providing investors with a means of participating in the
ownership of income-producing properties with ready liquidity. Urstadt Biddle
Properties Inc. owns 20 properties containing approximately 3 million square
feet of space.
