Item 1.02 Termination of a Material Definitive Agreement
On September 8, 2009, Ramco-Gershenson Properties Trust (the "Company") and
American Stock Transfer & Trust Company, LLC entered into an Amendment to Rights
Agreement, which amended and terminated that certain Rights Agreement, dated as
of March 25, 2009, by and between the Company and American Stock Transfer &
Trust Company, LLC as Rights Agent (the "Rights Agreement"). Under the Rights
Agreement, each registered holder received a dividend of one Right per common
share, which Right entitled the registered holder to purchase from the Company
one one-thousandth of a Series A Junior Participating Preferred Share of
beneficial interest of the Company (the "Series A Preferred Shares") at a
specified price. The Amendment to Rights Agreement revised the expiration date
of the Rights thereunder to be effective September 8, 2009 and therefore
terminated the ability to exercise the Rights in accordance with the triggering
events set forth in the Rights Agreement. A copy of the Amendment to Rights
Agreement is attached hereto as Exhibit 4.1, which is incorporated herein by
reference.
Item 3.03 Material Modification to Rights of Security Holders
Please see the disclosure set forth under Item 1.02 above, which is incorporated
by reference into this Item 3.03.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year
On September 8, 2009, in connection with the Termination Agreement described in
Item 1.02 hereof, the Board of Trustees approved an Articles Supplementary
reclassifying the Series A Preferred Shares, none of which were issued and
outstanding, and designated such securities as authorized but unissued and
unclassified preferred shares of the Company. The Company will file the Articles
Supplementary with the State Department of Assessments and Taxation of Maryland
on or about September 8, 2009. The Articles Supplementary is attached as
Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by
reference. The information set forth under Item 1.02 above is incorporated
herein by reference.
Item 7.01 Regulation FD Disclosure.
On September 8, 2009, the Company issued two press releases: (A) a press release
announcing the Company's intent to conduct an offering of its common shares of
beneficial interest, furnished as Exhibit 99.1 hereto and (B) a press release
announcing the Company's completion of its review of strategic and financial
alternatives, announcement of certain corporate governance changes, and
provision of guidance and other updates, furnished as Exhibit 99.2, both of
which are incorporated herein by reference.
The information included in this Item 7.01 is being furnished and shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, as amended. Furthermore, the information contained in Exhibits 99.1 and
99.2 shall not be deemed to be incorporated by reference into the filings of the
Company under the Securities Act of 1933, as amended, or the Exchange Act,
except to the extent expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
3.1 Articles Supplementary reclassifying 50,000 Series A Junior
Participating Preferred Shares of Beneficial Interest as authorized but
unissued and unclassified preferred shares of the Company, as filed with
the State Department of Assessments and Taxation of Maryland on or about
September 8, 2009.
4.1 Amendment to Rights Agreement, dated September 8, 2009, between the
Company and American Stock Transfer & Trust Company, LLC.
99.1 Press Release dated September 8, 2009, entitled "Ramco-Gershenson
Announces Offering of 9 Million Common Shares of Beneficial Interest."
99.2 Press Release dated September 8, 2009, entitled "Ramco-Gershenson
Completes Review of Strategic and Financial Alternatives, Announces
Governance Changes and Provides Guidance and Other Updates."
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