- Current report filing (8-K)
July 26 2010 - 7:28AM
Edgar (US Regulatory)
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):
July 22, 2010
GENERAL GROWTH PROPERTIES, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-11656
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42-1283895
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(Commission File Number)
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(IRS Employer Identification No.)
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110 N. Wacker Drive, Chicago, IL
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60606
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(Address of Principal Executive Offices)
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(Zip Code)
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(312) 960-5000
(Registrants Telephone Number, Including Area Code)
N/A
(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.
o
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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
On
July 22, 2010, Steven Douglas was appointed to Executive Vice President
and Chief Financial Officer of General Growth Properties, Inc. (the Company).
Mr. Douglas
was a key member of the Brookfield team for more than 16 years, serving in a
variety of senior positions. Most recently, he served as President of
Brookfield Properties Corporation, which he assumed in 2009. Prior thereto Mr. Douglas
was a Senior Managing Partner at Brookfield Asset Management, where he focused
on the companys operations and international portfolio. From 2003 to 2006, he was Chief Financial
Officer of Falconbridge Limited. From
1996 until 2003, Mr. Douglas served as Chief Financial Officer of
Brookfield Properties, a period that saw the companys re-launch as a public
company and the completion of three major acquisitions. Mr. Douglas joined Brookfield from Ernst &
Young.
Mr. Douglas
will be paid an annual salary of $650,000 and will be eligible to participate
in the 2010 Cash Value Added Incentive Plan, with target and potential payments
of 75% and 150% of his annual salary, respectively, prorated based on his start
date. Following the Companys emergence
from bankruptcy, Mr. Douglas will also be entitled to participate in the
Companys then applicable equity plans in a manner commensurate with his
position.
The
Company issued a press release announcing Mr. Douglass appointment, a
copy of which is being furnished as Exhibit 99.1 to this report, which is
hereby incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
99.1
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Press
Release titled General Growth Properties Appoints Steven Douglas as Chief
Financial Officer dated July 26, 2010.
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2
SIGNATURE
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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GENERAL
GROWTH PROPERTIES, INC.
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By:
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/s/Edmund
Hoyt
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Name:
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Edmund
Hoyt
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Title:
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Senior
Vice President
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Dated: July 26,
2010
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3
Exhibit Index
Exhibit No.
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Exhibit
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99.1
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Press
Release titled General Growth Properties Appoints Steven Douglas as Chief
Financial Officer dated July 26, 2010.
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4
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