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 1, 2013
O’DONNELL STRATEGIC INDUSTRIAL REIT, INC.
(Exact Name of Registrant as Specified in Its Charter)
| Maryland | 333-170173 (1933 Act) | 27-3648243 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
3 San Joaquin Plaza, Suite 160
Newport Beach, California 92660
(Address of principal executive offices)
(949) 718-9898
(Registrant’s telephone number, including area code)
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) |
| ¨ | Soliciting material pursuant to Rule 14a-12 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)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 8.01 | Other Events |
Declaration of Distributions
On March 1, 2013, the board of directors of O’Donnell Strategic Industrial REIT, Inc. (the “Company”) approved and authorized a daily distribution to stockholders of record as of the close of business on each day of the period commencing on March 1, 2013 and ending on May 31, 2013. The distributions will be calculated based on 365 days in the calendar year and will be equal to $0.001780822 per share of common stock per day, which is equal to an annualized distribution rate of 6.5%, assuming a purchase price of $10.00 per share. The distributions of each record date in March 2013, April 2013 and May 2013 would be paid in April 2013, May 2013, and June 2013, respectively. The distributions will be payable to stockholders from legally available funds therefor.
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.
| O’Donnell Strategic Industrial REIT, Inc. | ||||||||
| By: | /s/ Christopher S. Cameron | |||||||
| Date: March 8, 2013 | Name: | Christopher S. Cameron | ||||||
| Title: | Chief Financial Officer, Treasurer and Secretary | |||||||