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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 SEPTEMBER 5, 1997
(Date of earliest event reported)
FIRST INDUSTRIAL REALTY TRUST, INC.
(Exact name of Registrant as specified in its charter)
MARYLAND
(State or other jurisdiction of incorporation)
1-13102 36-3935116
(Commission File Number) (I.R.S. Employer Identification Number)
311 S. WACKER DRIVE, SUITE 4000, CHICAGO, ILLINOIS 60606
(Address of principal executive offices) (Zip Code)
(312) 344-4300
(Registrant's telephone number, including area code)
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ITEM 5. OTHER INFORMATION
On September 4, 1997, the Board of Directors of First Industrial Realty
Trust, Inc. (the "Company") declared a dividend distribution of one Right for
each outstanding share of Common Stock, $0.01 par value, of the Company. The
distribution is payable on October 20, 1997 to stockholders of record as of the
close of business on October 19, 1997. Each Right entitles the registered
holder to purchase from the Company one one-hundredth of a share of Junior
Participating Preferred Stock at a price of $125 per one one-hundredth of a
share, subject to adjustment. The description and terms of the Rights are set
forth in a Rights Agreement to be executed between the Company and First
Chicago Trust Company of New York, as Rights Agent.
Attached hereto as Exhibit 99.1 is a copy of the press release announcing
the adoption of the Rights Agreement.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
99.1 Press Release dated September 5, 1997.
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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.
FIRST INDUSTRIAL REALTY TRUST, INC.
Dated: September 11, 1997 By: /s/ Michael J. Havala
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Michael J. Havala
Chief Financial Officer
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EXHIBIT 99.1
[LETTERHEAD OF FIRST INDUSTRIAL REALTY TRUST, INC.]
FIRST INDUSTRIAL REALTY TRUST, INC. FOR IMMEDIATE RELEASE
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311 S. Wacker Drive, Suite 4000
Chicago, IL 60606
Phone: (312) 344-4300
Fax: (312) 922-6320
For Investor Inquiries, contact:
Cindy Thorson Klimstra, Vice President-Investor Relations
For Media Inquiries, contact:
Joe Bronson, Manager-Media Relations
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FIRST INDUSTRIAL DECLARES QUARTERLY CASH DIVIDENDS
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COMPANY ALSO ADOPTS SHAREHOLDER RIGHTS PLAN
CHICAGO, September 5, 1997 - First Industrial Realty Trust, Inc. (NYSE:FR),
announced today that its Board of Directors declared a dividend of $0.505 per
share of common stock payable on October 20, 1997 to shareholders of record on
September 30, 1997. The common distribution is equivalent to a $2.02 annual
dividend.
For the quarter ending September 30, 1997, the Board of Directors declared a
dividend of $0.59375 per share of its Series A Cumulative Preferred Stock
(NYSE:FR-PrA). The dividend is payable on September 30, 1997 to shareholders
of record on September 15, 1997 and is equivalent to an annual dividend of
$2.375 per share.
The Board of Directors declared a dividend of $0.54688 per depositary share of
its Series B Cumulative Preferred Stock (NYSE:FR-PrB) for the quarter ending
September 30, 1997. The dividend is payable on September 30, 1997 to
shareholders of record on September 15, 1997 and is equivalent to an annual
dividend of $2.1875 per share.
The Board of Directors also declared a dividend of $0.68123 per depositary
share of its Series C Cumulative Preferred Stock (NYSE:FR-PrC) for the partial
quarter ending June 30, 1997, and the full quarter ending September 30, 1997.
The dividend is payable on September 30, 1997 to shareholders of record on
September 15, 1997 and is equivalent to an annual dividend of $2.1563 per
share.
Separately, at its meeting the Board of Directors adopted a Shareholder Rights
Plan. President and CEO Michael T. Tomasz said, "The plan is designed to
enhance the Board's ability to protect shareholder interests and to ensure that
shareholders receive equitable treatment in the event of any coercive takeover
attempt of First Industrial Realty Trust. The plan is not being adopted in
response to any takeover attempt; instead, the plan is intended to provide the
Board with sufficient time to consider any and all alternatives to such an
action."
