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) June 4, 2007
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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)
516-466-3100
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Registrant's telephone number, including area code
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 Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On June 4, 2007, Marshall Rose, who has been a director of the registrant since
1989, resigned from the Board of Directors effective June 12, 2007, the date of
the Annual Meeting of Shareholders of the registrant. Mr. Rose advised that he
is resigning for personal reasons.
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 June 5, 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.
ONE LIBERTY PROPERTIES, INC.
Date: June 5, 2007 By: /s/ Simeon Brinberg
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Simeon Brinberg
Senior Vice President
Exhibit 99.1
ONE LIBERTY PROPERTIES, INC.
60 Cutter Mill Road
Suite 303
Great Neck, New York 11021
Telephone (516) 466-3100
Telecopier (516) 466-3132
www.onelibertyproperties.com
ONE LIBERTY PROPERTIES ANNOUNCES THAT MARSHALL ROSE
SUBMITS RESIGNATION AS A BOARD MEMBER.
Great Neck, New York - June 5, 2007 - One Liberty Properties, Inc. (NYSE:OLP)
today announced that Marshall Rose, a director of One Liberty, has submitted his
resignation as a director effective as of June 12, 2007, the date of One
Liberty's annual meeting of shareholders. Mr. Rose has served on the Board of
Directors since 1989.
Fredric H. Gould, Chairman of the Board and Chief Executive Officer, stated, "I,
along with the directors, officers and employees of One Liberty Properties, are
deeply appreciative of the many contributions made by Marshall Rose during his
long tenure on our Board of Directors. His valuable advice and counsel will be
greatly missed."
In his resignation letter, Mr. Rose stated, "Due to the demands of my personal
life, I have made a judgment to retire from all boards on which I have been
serving. It has been my pleasure to have served as a member of the Board of
Directors of One Liberty Properties since 1989. It has been an interesting and
fulfilling 18 years. My best wishes . . . for the continued success of the
Company."
One Liberty Properties is a real estate investment trust and invests primarily
in improved commercial real estate under long term net lease.
Certain information contained in this press release, including information with
respect to factors which may improve our future results of operations 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
appear in the Company's Form 10-K for the year ended December 31, 2006. 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, Senior Vice President
(516) 466-3100