Attached files
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| EX-10.1 - WILSHIRE ENTERPRISES INC | v204351_ex10-1.htm |
CW&T
COMMENTS 11/30/10
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): November 24, 2010
WILSHIRE
ENTERPRISES, INC.
(Exact
name of Registrant as specified in its charter)
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Delaware
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1-4673
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84-0513668
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(State
or incorporation or organization)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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100
Eagle Rock Avenue, East Hanover, NJ 07936
(Address
of principal executive offices)
(201)
420-2796
(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:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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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
November 24, 2010, Wilshire Enterprises, Inc. (the “Company”) named David Morrow
as Executive Vice President and Chief Operating Officer of the Company effective
November 30, 2010, at an annual salary of $165,000. The letter
agreement between the Company and Mr. Morrow is attached as Exhibit 10.1 to this
Current Report and is incorporated herein by reference.
Mr.
Morrow, age 51, has served as President of Berkeley Management, Inc., a private
consulting firm providing client advisory services on real estate owned
properties in the areas of strategic planning, re-positioning and valuation for
the last twelve months. Prior to that, Mr. Morrow was employed at DRA
Advisors LLC for seven years, most recently serving as Director of Asset
Management overseeing staff and a mixed-use commercial real estate portfolio of
over 27 million square feet. DRA Advisors is a registered investment
advisor specializing in real estate investment and management services for
institutional and private investors. DRA currently has over $9
billion in assets under management. Mr. Morrow has more than twenty
years of experience in office, retail and multi-family property sectors in major
real estate markets throughout the United States and has skills in all aspects
of leasing and asset management, portfolio budget management, financial
underwriting, managing JV partner relations, marketing and construction/tenant
coordination.
Item
9.01 Financial
Statements and Exhibits.
(d) Exhibits.
The
following exhibit is filed with this Report:
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Exhibit Number
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Description
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10.1
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Letter
Agreement dated November 22, 2010 between Wilshire Enterprises, Inc. and
David Morrow
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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, thereunto duly
authorized.
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Dated: December
1, 2010
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WILSHIRE
ENTERPRISES, INC.
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By:
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/s/ S. Wilzig Izak
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S.
Wilzig Izak
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Chairman
of the Board and
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Chief
Executive Officer
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