f8k033114_oneliberty.htm


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): March 31, 2014
 
ONE LIBERTY PROPERTIES, INC.
(Exact name of Registrant as specified in charter)
 
Maryland
 
001-09279
 
13-3147497
(State or other  jurisdiction of incorporation)
 
(Commission file No.)
 
(IRS Employer I.D. No.)
 
60 Cutter Mill Road, Suite 303, Great Neck, New York
 
11021
(Address of principal executive offices)
 
(Zip code)
 
516-466-3100
Registrant's telephone number, including area code
  
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 8.01   Other Events.

The Company agreed to pay fees of $3.3 million and $3.465 million in 2014 and 2015 (including expenses and $850,000 and $892,500 allocated to property management fees for 2014 and 2015), respectively, pursuant to the Compensation and Services Agreement, as amended.  The fees are paid to Majestic Property Management Corp., an entity wholly owned by Fredric H. Gould, the vice chairman of our board of directors.
 
 
 

 
 
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.
 
 
ONE LIBERTY PROPERTIES, INC.
     
Date: April 28, 2014
By:
/s/ David W. Kalish
   
David W. Kalish,
   
Senior Vice President and Chief
   
Financial Officer