ACPT Form 8-K 08-30-2006
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)
|
August
30,
2006
|
AMERICAN
COMMUNITY PROPERTIES TRUST
(Exact
name of registrant as specified in its charter)
MARYLAND
(State
or other jurisdiction
of
incorporation)
|
1-14369
(Commission
File
Number)
|
52-2058165
(I.R.S.
Employer
Identification
No.)
|
222
Smallwood Village Center
St.
Charles, Maryland 20602
(Address
of principal executive offices)(Zip Code)
(301)
843-8600
(Registrant's
telephone number, including area code)
Not
Applicable
(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
1.01 Entry into a Material
Definitive Agreement.
On
August 30,
2006, the Company executed Indemnification Agreements (“Agreements”) between
American Community Properties Trust (“ACPT” or the “Company”) and each of its
four Independent Trustees (the “Indemnitee”). These Agreements provide for
indemnification, to the maximum extent provided by Maryland law in effect from
time to time, against judgments, penalties, fines, settlements and reasonable
expenses actually incurred by or on behalf of the Indemnitee. Certain actions
related to deliberate dishonesty, receipt of improper benefit or known unlawful
acts or omissions are not covered by these Indemnification Agreements. The
indemnification extends during the period the Indemnitee is a member of the
Board of Trustees of the Company and shall continue thereafter related to
matters that may subsequently arise which are related to the Indemnitee’s term
of Corporate Status, as defined by the Agreement. For additional provisions,
please see the attached exhibits to this filing.
Item
9.01 Financial Statements
and Exhibits.
(c
) Exhibits.
10.1 |
Indemnification
Agreement for Antonio Ginorio
|
10.2 |
Indemnification
Agreement for Thomas S. Condit
|
10.3 |
Indemnification
Agreement for T. Michael Scott
|
10.4 |
Indemnification
Agreement for Thomas J. Shafer
|
SIGNATURES
Pursuant
to the requirements of the Securities and 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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AMERICAN
COMMUNITY PROPERTIES TRUST
|
|
(Registrant)
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|
|
Dated:
August 30, 2006
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By:
/s/ Cynthia L. Hedrick
|
|
Cynthia
L. Hedrick
Executive
Vice President and Chief Financial Officer
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|
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