URSTADT BIDDLE PROPERTIES INC. (NYSE:UBA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

URSTADT BIDDLE PROPERTIES INC. (NYSE:UBA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 4, 2019, Willis H. Stephens, Jr. was appointed a member of the Board of Directors (the \”Board\”) of Urstadt Biddle Properties Inc. (\”Company\”) to fill a vacancy created by the recent passing of Mr. George Lawrence. Mr. Stephens will serve as a Class III director until the next annual meeting of stockholders in 2020, and will also serve on the Nominating and Corporate Governance Committee of the Board. to the Board\’s standard compensation policy for non-employee directors, Mr. Stephens will receive a $30,000 annual cash retainer payable quarterly in arrears, as well as $2,200 for each meeting of the Board or committee he attends in person and $1,100 for each meeting he attends by telephone. Each director is also annually awarded 1,200 restricted shares of common stock. Mr. Stephens, 63, is an attorney who has been in private practice for forty years with a concentration in real estate transactions, land use development and litigation. He has served as the Town Attorney for the Town of Southeast, New York since 2007, advising the town on, among other things, municipal, zoning, planning, labor and employment, land use, litigation and transactional matters. He has also been a member of The Stephens Law Firm, PLLC since 2006 and serves, among other things, as General Counsel for the United Cerebral Palsy Association of Putnam and Southern Dutchess Counties, Inc. Previously, he also served as a member of the New York State Assembly from January 1995 to December 2006. He currently serves on several philanthropic and non-profit boards, including as a charter member of the Executive Committee of the Southeast Rotary Club, a chapter of Rotary International. He was previously a Board Member of Citizens Environmental Research Institute and an Advisory Board Member for Trinity-Pawling School, a private preparatory school. There are no arrangements between Mr. Stephens and any other person to which Mr. Stephens was appointed as a director, nor are there any transactions to which the Company is or was a participant and in which Mr. Stephens has a material interest subject to disclosure under Item 404(a) of Regulation S-K. A copy of the press release announcing the appointment of Mr. Stephens to the board of directors of the Company is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.

Press release dated September 4, 2019 is filed as Exhibit 99.1.
URSTADT BIDDLE PROPERTIES INC Exhibit
EX-99.1 2 exhibit99_1wstephens.htm EXHIBIT 99.1 WSTEPHENS PRESS RELEASE 09042019 EXHIBIT 99.1 For Immediate Release Contact:   Willing Biddle,…
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About URSTADT BIDDLE PROPERTIES INC. (NYSE:UBA)

Urstadt Biddle Properties Inc. is a real estate investment trust. The Company is engaged in the acquisition, ownership and management of commercial real estate. The Company’s primary business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on properties in the metropolitan New York tri-state area outside of the City of New York. Its properties consist of neighborhood and community shopping centers and seven office buildings. It seeks to identify desirable properties for acquisition, which it acquires in the normal course of business. It owns or has equity interests in approximately 70 properties consisting of neighborhood and community shopping centers, office buildings, single tenant retail or restaurant properties and office/retail mixed use properties located in over four states throughout the United States, containing a total of approximately 4.9 million square feet of gross leasable area.

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