american realty capital prop (ARCP) Key Developments
American Realty Capital Properties Announces Monthly Series F Preferred Stock Dividend for July and August 2015, Payable on August 17, 2015
Jun 19 15
American Realty Capital Properties, Inc. announced that, pursuant to the authorization of its board of directors, it will pay a monthly dividend to holders of its 6.70% Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share in respect of the period commencing June 15, 2015 through July 14, 2015 on July 15, 2015 and in respect of the period commencing July 15, 2015 through August 14, 2015 on August 17, 2015. Holders of Series F Preferred Stock on July 1, 2015 and on August 1, 2015 will be eligible to receive the July Series F Dividend and the August 2015 Series F Dividend, respectively. The dividend for the Series F Preferred Stock accrues daily on a 360-day annual basis equal to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month.
American Realty Capital Properties, Inc. Appoints Mark S. Ordan as Independent Director and Member of the Audit Committee and the Nominating and Corporate Governance Committee
Jun 17 15
American Realty Capital Properties, Inc. announced the appointment of Mark S. Ordan as an Independent Director and a member of the Audit Committee and the Nominating and Corporate Governance Committee of the company's Board of Directors effective June 17, 2015. Mr. Ordan currently serves as Executive Chairman of WP Glimcher, and will transition to Non-Executive Chairman effective January 1, 2016. Additionally, Mr. Ordan has been CEO and held various senior-level positions during his 30-year career including leadership positions at Sunrise Senior Living, The Mills Corporation, Balducci's gourmet food store chain and Fresh Fields Markets.
American Realty Capital Properties, Inc. Announces Management Changes
Jun 12 15
American Realty Capital Properties, Inc. announced the appointment of William C. Miller as President and Chief Executive Officer of Cole Capital and Executive Vice President, Investment Management for the company. Mr. Miller reports directly to Glenn J. Rufrano, the company's Chief Executive Officer, and also serves on the company's senior management team. Bill is a proven leader, a seasoned veteran of the financial services industry and well-suited to lead Cole Capital, explained Mr. Rufrano. His demonstrated track record of success, combined with the knowledge and capabilities of the senior leadership team at Cole Capital, provides the framework for building investment management business. Bill has demonstrated his passion for Cole and his knowledge of business, sharing his excitement and enthusiasm with those around him. As President and CEO of Cole Capital, Mr. Miller will provide strategic direction and oversee all aspects of the management of the non-traded REIT sponsor's distribution business including external and internal sales, product development, due diligence, broker-dealer relationship management, securities operations and capital markets. His appointment follows the resignation of Michael T. Ezzell, Cole Capital's previous President and CEO, who stepped down for personal reasons. The Company appreciates Mr. Ezzell's contributions to Cole Capital during the past six years. Mr. Miller joined Cole Capital earlier this year as Senior Vice President and Chief Sales Officer. Previously, he was with American Funds where he served as Senior Vice President and was responsible for leading business development, strategy and relationship management efforts for the wire/regional broker-dealers, as well as the global banking channel. In addition to his experience at American Funds, Mr. Miller has held REIT product management positions, as well as sales and wholesale distribution leadership positions, with Realty Capital Securities.
American Realty Capital Properties, Inc. Announces Change of Independent Registered Public Accounting Firm
Jun 4 15
The Audit Committee of the Board of Directors of American Realty Capital Properties, Inc. approved the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm, effective June 1, 2015. Accordingly, and in connection therewith, the company dismissed Grant Thornton LLP as the Company's independent registered public accounting firm effective as of that same date.
American Realty Capital Properties, Inc. Appoints Lauren Goldberg as Executive Vice President, General Counsel and Secretary
Jun 2 15
American Realty Capital Properties, Inc. announced the hiring of Lauren Goldberg as Executive Vice President, General Counsel and Secretary. Ms. Goldberg's experience includes general counsel for a public company, as an Assistant United States Attorney and in private practice. Ms. Goldberg most recently served as Executive Vice President, General Counsel and Chief Compliance Officer for global cosmetics company Revlon. In this role, she was responsible for all aspects of Revlon's legal and regulatory affairs, served on the senior operating committee and oversaw Revlon's corporate governance matters. Additionally, Ms. Goldberg served as Senior Vice President Law for MacAndrews & Forbes Inc.; Assistant United States Attorney for the United States Attorney's Office in the Southern District of New York; and as an Associate with both Stillman & Friedman, P.C. and Fried, Frank, Harris, Shriver & Jacobson LLP. Ms. Goldberg also has prior accounting experience as an associate at Coopers & Lybrand.