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) January 22, 2007
BRT REALTY TRUST
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(Exact name of Registrant as specified in charter)
Massachusetts 001-07172 13-2755856
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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
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 January 22, 2007, Patrick J. Callan, Sr., a trustee of BRT Realty Trust,
advised the Chairman of the Board of his resignation as a trustee of BRT Realty
Trust effective March 12, 2007, the date of the annual meeting of shareholders.
Mr. Callan advised the Board of Trustees that he is resigning for personal
reasons as he intends to reduce his business activities.
The information contained in the registrant's press release dated January 24,
2007 is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Shell Company Transactions.
Not applicable.
(d) Exhibits.
99.1 Press release dated January 24, 2007.
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.
BRT REALTY TRUST
Date: January 24, 2007 By: /s/ Simeon Brinberg
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Simeon Brinberg
Senior Vice President
Exhibit 99.1
BRT REALTY TRUST
60 CUTTERMILL ROAD, SUITE 303
GREAT NECK, NY 11001
Telephone No.: 516-466-3100
Facsimile No.: 516-466-3132
www.brtrealty.com
BRT REALTY TRUST ANNOUNCES THAT PATRICK J. CALLAN, SR.
WILL NOT STAND FOR RE-ELECTION TO ITS BOARD OF TRUSTEES
Great Neck, New York - January 24, 2007 - BRT Realty Trust (NYSE: BRT) today
announced that Patrick J. Callan, Sr., a trustee of BRT Realty Trust, has
resigned as a trustee effective as of March 12, 2007, the date of BRT's annual
meeting of shareholders. Mr. Callan has served on the Board of Trustees since
1984 and has served as a member of its Audit Committee, Compensation Committee,
and Nominating and Corporate Governance Committee.
Fredric H. Gould, Chairman of the Board, stated, "I, along with the trustees,
officers and employees of BRT Realty Trust, are deeply appreciative of the many
contributions made by Patrick J. Callan, Sr. during his long tenure on our Board
of Trustees. His valuable advice and counsel will be greatly missed."
In his resignation letter, Mr. Callan stated, "It has been my distinct pleasure
to have been part of the growth and development of BRT for these 23 years and I
hope that I have made a meaningful contribution. I have thoroughly enjoyed my
association with the company, the other members of the Board and management."
BRT Realty Trust is a mortgage REIT which primarily originates short term first
and second mortgage loans. BRT's financial resources, flexibility and expertise
enable rapid turnaround on requests for loans secured by income-producing
retail, office, industrial and multifamily properties nationwide. Please visit
BRT on the internet at www.brtrealty.com.
Materials included in this filing may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that could cause actual results to be materially different from
historical results or from any future results expressed or implied by such
forward-looking statements. Statements that include the words "may," "will,"
"would," "could," "should," "believes," "estimates," "projects," "potential,"
"expects," "plans," "anticipates," "intends," "continues," "forecast,"
"designed," "goal," or the negative of those words or other comparable words
should be considered uncertain and forward-looking.
CONTACT: Mark H. Lundy, Senior Vice President
516.773.2703