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 14, 2010
ALEXANDRIA REAL ESTATE EQUITIES, INC.
(Exact name of registrant as specified in its charter)
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Maryland |
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1-12993 |
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95-4502084 |
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(State or other jurisdiction |
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(Commission |
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(IRS Employer |
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of incorporation) |
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File Number) |
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Identification No.) |
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385 East Colorado Boulevard, Suite 299
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91101 |
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(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: (626) 578-0777
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 (see General Instruction A.2. below):
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 for Certain Officers.
Anniversary Bonus Plan
On June 14, 2010, the Compensation Committee of the Board of Directors of Alexandria Real Estate Equities, Inc. (the “Company”) adopted the Alexandria Real Estate Equities, Inc. Anniversary Bonus Plan (the “Anniversary Bonus Plan”) effective as of July 1, 2010. The Anniversary Bonus Plan provides for the payment of a cash bonus to each full-time employee of the Company following completion of every 5 full years of service with the Company at a rate of $1,000 per year of service.
The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the full text of the Anniversary Bonus Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated into this Item 5.02 by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
10.1 Alexandria Real Estate Equities, Inc. Anniversary Bonus Plan
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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ALEXANDRIA REAL ESTATE EQUITIES, INC. |
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Date: June 17, 2010 |
By: |
/s/ Dean A. Shigenaga |
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Dean A. Shigenaga, |
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Chief Financial Officer |
EXHIBIT 10.1
ALEXANDRIA REAL ESTATE EQUITIES, INC.
ANNIVERSARY BONUS PLAN
This Anniversary Bonus Plan (the “ Plan ”) is established by Alexandria Real Estate Equities, Inc. (the “ Company ”) effective as of July 1, 2010.
1. PURPOSE OF THE PLAN . The Plan is designed to provide for the payment of cash bonuses to employees of the Company (“ Employees ”) in recognition of their years of service with the Company.
2. ADMINISTRATION . The Compensation Committee of the Board of Directors of the Company (the “ Committee ”) shall have the full power and authority to administer the Plan and to interpret any terms and provisions of the Plan; provided, however , that the Chief Executive Officer of the Company (the “ CEO ”) shall have the power and authority to determine and authorize bonuses for any individual other than the CEO, the President of the Company, the Chief Financial Officer of the Company and any Senior Vice President of the Company. Decisions of the Committee and CEO, as applicable, shall be conclusive and binding upon all Employees.
3. ELIGIBILITY FOR AND AMOUNT OF BONUSES. Each full-time Employee shall be eligible to receive a bonus under the Plan following completion of every five (5) full years of service with the Company. The amount of such bonus shall be equal to one thousand dollars ($1,000) per completed year of service with the Company ( e.g ., $15,000 for 15 completed years of service). Partial years of service shall not be taken into account in calculating the amount of any such bonus.
4. PAYMENT OF BONUSES. Each eligible Employee shall receive a bonus under the Plan on the date that he or she completes the required number of years of service with the Company, as determined under Section 3 (the “Anniversary Date”) or as soon as administratively practicable thereafter; provided, however , that all bonuses under the Plan shall be paid by March 15 th of the calendar year following the calendar year in which the Anniversary Date occurs. Bonus payments under the Plan shall be made in the form of cash.
5. WITHHOLDING OF COMPENSATION . The Company shall deduct and withhold from any amounts payable to Employees under the Plan any amounts required to be deducted and withheld by the Company under the provisions of any applicable federal, state and local statute, law, regulation, ordinance or order.
6. PLAN FUNDING. The Plan shall be unfunded. Nothing contained in the Plan will be deemed to require the Company to deposit, invest or set aside amounts for the payment of any bonuses under the Plan.
7. AMENDMENT OF THE PLAN . The Plan may be amended, modified or terminated at any time by the Committee.
8. NO GUARANTEE OF CONTINUED SERVICE . The Plan shall not confer any rights upon Employees to remain in service with the Company for any specific duration or interfere with or otherwise restrict in any way the rights of the Company to terminate an Employee’s service with the Company for any reason, with or without cause or notice.
9. NO ASSIGNMENT OR TRANSFER . None of the rights, benefits, obligations or duties under the Plan may be assigned or transferred by any Employee. Any purported assignment or transfer by any Employee shall be void.
10. GOVERNING LAW . The rights and obligations of any Employee under the Plan shall be governed by and interpreted, construed and enforced in accordance with the laws of the State of Maryland without regard to its or any other jurisdiction’s conflicts of laws principles.