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 16,
2008
Commission
File Number 1-12803
URSTADT BIDDLE PROPERTIES
INC.
(Exact
Name of Registrant 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 16, 2008, Urstadt Biddle Properties Inc. (the “Company”) entered into a
Change of Control Agreement (“Agreement”) with John T. Hayes, Senior Vice
President and Chief Financial Officer of the Company (“Employee”). The
Agreement provides that if the Employee’s employment with the Company terminates
under certain circumstances within eighteen (18) months following a Change of
Control, as defined in the Agreement, the Company shall pay the Employee an
amount equal to twelve (12) months of the Employee’s base salary in effect at
the date of the Change of Control and shall either: (a) continue in effect for a
period of twelve months, for the benefit of the Employee and his family, life
and health insurance, disability, medical and other benefit programs in which
the Employee participates, provided that the Employee’s continued participation
is possible, or (b) if such continued participation is not possible, arrange to
provide for the Employee and his family similar benefits for the same
period. The Agreement is substantially similar to change of
control agreements the Company has with its other executive
officers.
Item
9.01
Financial Statements and Exhibits
The following exhibit is filed
herewith:
Exhibit No. 99.1 Change of
Control Agreement dated December 16, 2008.
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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Date: December
17, 2008
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URSTADT
BIDDLE PROPERTIES INC.
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(Registrant)
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| /s/ Thomas D. Myers | |
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Thomas
D. Myers
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Senior
Vice President
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EXHIBIT
INDEX
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Exhibit
No.
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Description
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99.1
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Change
of Control Agreement dated December 16, 2008
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