United
States
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): February 2,
2007
Commission
File Number 1-12803
URSTADT
BIDDLE PROPERTIES INC.
(Exact
Name of Registrant in its Charter)
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Maryland
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04-2458042
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(State
or other jurisdiction of incorporation or organization)
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(I.R.S.
Employer Identification Number)
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321
Railroad Avenue, Greenwich, CT
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06830
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (203)
863-8200
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:
| □ |
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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| □ |
Soliciting
material pursuant to Rule 14a-12(b) 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))
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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.
On
February 2, 2007, Urstadt Biddle Properties Inc. (the “Company”) entered into a
Change of Control Agreement (the “Agreement”) with Thomas D. Myers, Senior Vice
President, Co-Counsel and Secretary of the Company (the “Employee”). The
Agreement provides that if the Employee’s employment with the Company terminates
under certain circumstances within eighteen (18) months following a Change
of
Control, as defined in the Agreement, the Company shall pay the Employee an
amount equal to twelve (12) months of the Employee’s base salary in effect at
the date of the Change of Control and shall either: (a) continue in effect
for a
period of twelve months, for the benefit of the Employee and his family, life
and health insurance, disability, medical and other benefit programs in which
the Employee participates; or (b) arrange to provide for the Employee and his
family similar benefits for the same period. The Agreement is
substantially similar to change of control agreements the Company has with
its
other executive officers.
Item
9.01 Financial
Statements and Exhibits
The
following exhibit is filed herewith:
Exhibit
No. 99.1 Change
of Control Agreement dated February 2, 2007
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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Date:
February 8, 2007
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URSTADT
BIDDLE PROPERTIES INC.
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(Registrant)
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/s/
James R. Moore
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James
R. Moore
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Executive
Vice President & Chief Financial
Officer
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EXHIBIT
INDEX
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Exhibit
No.
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Description
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99.1
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Change
of Control Agreement dated February 2, 2007.
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