United
States
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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 10,
2008
Commission
File Number 1-12803
URSTADT BIDDLE PROPERTIES
INC.
(Exact
name of registrant as specified in its Charter)
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Maryland
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04-2458042
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(State
or other jurisdiction of incorporation or organization)
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(I.R.S.
Employer Identification Number)
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321 Railroad Avenue, Greenwich,
CT
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06830
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (203) 863-8200
N/A
(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:
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□
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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□
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Soliciting
material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR
240.14a-12)
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□
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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□
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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 Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On
December 10, 2008, the Company’s Board of Directors approved amendments to, and
authorized a restatement of, the Company’s non-qualified deferred compensation
plan applicable to post-2004 deferrals. The amended and restated plan
incorporates requirements imposed by Internal Revenue Service Code Section 409A
and the final regulations applicable thereto. Following is a summary
of the significant terms of the amended and restated plan:
Eligibility:
Participation is limited to employees of the Company whose annual compensation
is at least $200,000 (which amount, starting in 2009, shall be increased
annually by the same percentage by which the annual compensation limit under
Section 401(a)(17) increases, if any).
Deferrals: A
participant may defer up to 100% of the participant’s base salary and
bonus. Amounts deferred are credited with interest at a rate
determined annually by the Company’s Compensation Committee. An
election to defer base salary or bonus must be made prior to the calendar year
in which such compensation will be paid.
Distribution: When
making a deferral election, a participant also will make an election regarding
the timing and manner of distribution of the participant’s deferrals and
interest thereon. Changes in any such election, and distributions
under the Plan, will be permitted and made only to the extent allowed by
Internal Revenue Code Section 409A.
Effective
Date: The effective date of the amended and restated plan is January
1, 2005.
Item
9.01 Financial
Statements and Exhibits
The
following is filed as a part of this report:
Exhibit
99.1 Urstadt
Biddle Properties Inc. Amended and Restated Excess Benefit and Deferred
Compensation Plan
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.
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URSTADT
BIDDLE PROPERTIES INC.
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(Registrant)
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DATE: December
15, 2008
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By:
/s/ Thomas D.
Myers
Name:
Thomas D. Myers
Title:Senior
Vice President
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EXHIBIT
INDEX
Exhibit
No. Exhibit
Description
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99.1
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Urstadt
Biddle Properties Inc. Amended and Restated Excess Benefit and Deferred
Compensation Plan
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