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): June 8, 2009
AGREE
REALTY CORPORATION
(Exact
name of registrant as specified in its charter)
Maryland
(State or
other jurisdiction of incorporation)
1-12928
(Commission
file number)
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38-3148187
(I.R.S.
Employer Identification No.)
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31850
Northwestern Highway
Farmington
Hills, MI
(Address
of principal executive offices)
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48334
(Zip
code)
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(Registrant’s
telephone number, including area code) (248) 737-4190
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:
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item 5.02. Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
(b)
On June 8, 2009, Richard Agree resigned as President of Agree Realty Corporation
(the “Company”), although he will continue to serve as the Company’s Chief
Executive Officer, Chairman of the Board of Directors and a
director.
(c)/(d) On June 8,
2009, the Board appointed Joey Agree to the position of President and Chief
Operating Officer of the Company. In addition, the Board approved the
expansion of the Board to seven members and Joey Agree was appointed to fill the
Board’s new vacancy. He will also serve on the Executive Committee of
the Board.
Joey Agree, 30, has been Executive Vice President of the Company since January
2006. Prior to being appointed to this position, Mr. Agree supervised the
Company’s development and acquisition activities. Prior to joining the Company
in March 2005, Mr. Agree was employed by Grand/Sakwa Properties, one of the
largest private developers in the Midwest, as a director of land acquisitions.
He is a member of the State Bar of Michigan and the International Council of
Shopping Centers. He holds a J.D. from Wayne State University Law School and a
B.A. in Political Science from the University of Michigan. Joey Agree is the son
of Richard Agree.
The
Company announced the foregoing in a press release on June 8, 2009, a copy of
which is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
Item 9.01. Financial
Statements and Exhibits.
(d) Exhibits
Exhibit
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Description
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99.1
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Press
release, dated June 8, 2009
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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.
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AGREE
REALTY CORPORATION
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/s/ Kenneth R. Howe
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Vice
President, Finance and Chief Financial Officer
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Date: June
9, 2009
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EXHIBIT
INDEX
Exhibit
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Description
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99.1
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Press
release, dated June 8, 2009
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