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): December 14, 2011
Piedmont Office Realty Trust, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number: 001-34626
Maryland | 58-2328421 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) | |
11695 Johns Creek Parkway
Suite 350
Johns Creek, GA 30097-1523
(Address of principal executive offices, including zip code)
770-418-8800
(Registrant's telephone number, including area code)
(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:
[ ] 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))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) Appointment of Raymond G. Milnes, Jr. as Director
Effective December 14, 2011, the Board of Directors of Piedmont Office Realty Trust, Inc. (the "Registrant") appointed Raymond G. Milnes, Jr., 60, to serve as a director of the Registrant as further described in the press release attached hereto.
Mr. Milnes is expected to serve on the Audit Committee of the Board of Directors and his compensation as a director will be provided on the same basis as that provided to the Registrant's other non-employee directors, as outlined in the Registrant's most recent Annual Proxy Statement as filed with the Securities and Exchange Commission on April 27, 2011.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
Exhibit No. | Description | |
99.1 | Press Release dated December 19, 2011 announcing the appointment of Raymond G. Milnes, Jr. as Director of Piedmont Office Realty Trust, Inc. | |
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.
Piedmont Office Realty Trust, Inc. | ||||
Date: December 19, 2011 | By: | /s/ Robert E. Bowers | ||
Robert E. Bowers | ||||
Chief Financial Officer and Executive Vice President | ||||
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Press Release dated December 19, 2011 announcing the appointment of Raymond G. Milnes, Jr. as Director of Piedmont Office Realty Trust, Inc. | |
Piedmont Office Realty Trust, Inc. Names
Raymond G. Milnes, Jr. as Director
December 19, 2011-Piedmont Office Realty Trust, Inc. (“Piedmont”) (NYSE: PDM) today announced the appointment of Raymond G. Milnes, Jr., 60, as an independent director of the company, increasing the board to a total of nine members, eight of whom are independent. Piedmont is a fully integrated and self-managed real estate investment trust (REIT) specializing in the acquisition, ownership, management and development of primarily high-quality Class A office buildings located in major U.S. office markets and leased primarily to high-credit quality tenants. Major markets include: Washington, D.C., greater Los Angeles, the New York metropolitan area, Boston and Chicago.
“We are very pleased about the addition of Ray to our Board. His extensive experience advising the management teams of some of the largest real estate companies in the world will enhance the real-estate specific financial acumen of our existing board and audit committee,” said Wayne Woody, Chairman of Piedmont. “We look forward to benefiting from his distinguished experience and thought leadership.”
Mr. Milnes has recently retired as a partner from the accounting firm of KPMG LLP (“KPMG”) where he served as the National Sector Leader for the Building, Construction and Real Estate Practice for the past fourteen years. He had been with KPMG for 38 years and has extensive accounting, auditing, and advisory experience in all sectors of the real estate and construction industries including real estate investment funds, real estate investment trusts, developers, operating properties, and syndication of private and public real estate partnerships. Mr. Milnes has served as the lead audit partner or account executive for several of KPMG's largest real estate and construction clients, including both domestic and global clients. He has been a frequent speaker and panelist on current trends in the building, construction, and real estate industry and has contributed to numerous real estate industry publications.
In addition to his national role with KPMG, Mr. Milnes also has been an associate member of the Board of Governors of the National Association of Real Estate Investment Trusts, serves on the Advisory Board of the The Real Estate Center of DePaul University, and has been a member of the The Real Estate Roundtable President's Council. He has a BS in Accounting from the University of Detroit and is a licensed Certified Public Accountant.
Commenting on his appointment, Mr. Milnes said “I'm excited to be joining a very experienced Board and management team at Piedmont as the Company's strong financial position and high-quality Class A portfolio makes it well-positioned for future growth as the economy continues to recover.”
Mr. Milnes' appointment was effective December 14, 2011 and he is expected to serve on the Audit Committee of the Board.