Current Report Filing (8-k)
February 21 2014 - 6:01AM
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
February
20, 2014
Date
of Report (Date of earliest event reported)
American Spectrum Realty, Inc.
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(Exact name of registrant as
specified in its charter)
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Maryland
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001-16785
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52-2258674
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(State or Other
Jurisdiction of
incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification
No.)
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2401 Fountain View, Suite 750, Houston, Texas 77057
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(Address
of principal executive offices)
(Zip Code)
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(713) 706-6200
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(Registrant’s telephone number, including area code)
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(Former name or former address, if changed since last report)
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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 (see General Instructions A.2.
below):
⃞
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 1.03 Bankruptcy or Receivership.
American Spectrum Realty, Inc. (NYSE/MKT: AQQ), a real estate
investment, management and leasing company today, announced the
settlement of a vendor dispute and the rescind of a receiver appointed
in the District Court of Harris County, Texas, 164th Judicial
District. The receiver was appointed on February 14, 2014 at the
request of Nextera Retail of Texas, LP in connection with a judgment in
favor of Nextera Retail in the amount of $2,800,000.00. On February 20,
2014, American Spectrum satisfied in full all obligations to Nextera,
with a payment of $1,500,000.00, and the District Court rescinded the
order appointing the receiver. Day-to-day operations of American
Spectrum were not impacted by the court action. Neither the appointment
of the receiver nor the satisfaction of the obligation to Nextera will
have a material adverse effect on the condition, financial or otherwise,
of American Spectrum.
The information in this Current Report on Form 8-K is being furnished
and shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, nor shall it be
incorporated by reference into any registration statement or other
document pursuant to the Securities Act of 1933, as amended, except as
expressly set forth in such filing.
Forward-Looking Statements
The Company’s statements contained in this Current Report on Form 8-K
that are not historical facts are forward-looking statements within the
meaning of Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act of 1934, as amended. Actual results may differ
materially from those included in the forward-looking statements. The
Company intends those forward-looking statements to be covered by the
safe-harbor provisions for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995, and the Company is
including this statement for purposes of complying with those
safe-harbor provisions. Forward-looking statements, which are based on
certain assumptions and describe future plans, strategies, intentions
and expectations, are generally identifiable by use of the words
“expect,” “project,” “may,” “will,” “should,” “could,” “would,”
“intend,” “plan,” “propose,” “anticipate,” “estimate,” “believe,”
“continue,” “predict,” “potential” or the negative of such terms and
other comparable terminology. The Company’s ability to predict results
or the actual effect of future plans or strategies is inherently
uncertain.
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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AMERICAN SPECTRUM REALTY, INC.
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By:
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/s/ William J. Carden
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Name:
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William J. Carden
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Title:
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Chairman of the Board, President
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and Chief Executive Officer
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Date:
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February 20, 2014
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