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| POFR.PK > SEC Filings for POFR.PK > Form 8-K on 27-Nov-2009 | All Recent SEC Filings |
27-Nov-2009
Other Events, Financial Statements and Exhibits
Suspension of Share Redemption Program
On November 24, 2009, the board of directors of Piedmont Office Realty Trust, Inc. (the "Registrant") suspended its share redemption program (the "SRP"). No redemption requests received after the deadline of five business days before November 30, 2009 will be processed.
Presentation of Recast Financial Statements for the Years Ended December 31, 2008, 2007, and 2006
The Registrant is also filing this Current Report on Form 8-K to present its consolidated financial statements for the years ended December 31, 2008, 2007 and 2006, which have been recast from the financial statements included in the Registrant's Annual Report on Form 10-K for the year ended December 31, 2008 to reflect the Registrant's previously reported implementation of Statement of Financial Accounting Standards ("SFAS") No. 160, "Noncontrolling Interests in Consolidated Financial Statements-An Amendment of ARB No. 51" ("SFAS No. 160"). SFAS No. 160, which the Registrant implemented on January 1, 2009, established new accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. The Registrant's implementation of SFAS No. 160 had no impact on the Registrant's total assets or liabilities, nor did it impact the Registrant's revenues, earnings or cash position. Rather, the Registrant's consolidated balance sheets have been recast solely to include "Non-controlling interest" as a separate item in the equity section, and the Registrant's consolidated statements of income have been recast solely to separately present the amount of net income attributable to non-controlling interests and the amount of net income attributable to the Registrant. Such recast financial statements and related notes are attached as Exhibit 99.1 hereto. Neither this Report nor the Exhibits hereto reflect any events occurring on or after March 10, 2009 or modify or update the disclosures in the Registrant's 2008 10-K that may have been affected by subsequent events. Accordingly, this Current Report on Form 8-K should be read in conjunction with the Registrant's 2008 10-K and other filings made with the Securities and Exchange Commission subsequent to the filing of the Registrant's 2008 10-K, including any amendments to those filings. The Registrant's consolidated financial statements included in its Quarterly Report on Form 10-Q for the quarters ended March 31, 2009, June 30, 2009, and September 30, 2009 were presented in accordance with SFAS No. 160.
(d) Exhibit:
Exhibit No. Description
23.1 Consent of Independent Registered Public Accounting Firm
99.1 Item 8. Financial Statements and Supplementary Data
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