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): February 12, 2015 (February 11, 2015)

 

American Realty Capital Trust V, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Maryland   000-55197   90-0929989
(State or other jurisdiction of incorporation)   (Commission File Number)  

(I.R.S. Employer

Identification No.)

 

405 Park Avenue

New York, New York 10022 

 

(Address, including zip code, of Principal Executive Offices)

 

Registrant's telephone number, including area code: (212) 415-6500

 

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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Company Simplifies Board Structure as Part of Sponsor’s Corporate Governance Initiative

 

On February 11, 2015, the board of directors (the “Board”) of American Realty Capital Trust V, Inc. (the “Company”) implemented certain changes to the composition of the Board consistent with its sponsor’s year-long initiative to further enhance the corporate governance profiles of its various sponsored programs, including promoting or appointing experienced management, mitigating potential conflicts, reducing complexity and minimizing overlap among directors of its sponsored programs.

 

Appointment of William M. Kahane as Director and Chairman to Replace Nicholas S. Schorsch

 

On February 11, 2015, the Board appointed William M. Kahane, currently the chief executive officer and president of the Company, to serve as a director of the Company and as chairman of the Board. Mr. Kahane will continue to serve in his capacity as chief executive officer and president of the Company. There are no related party transactions involving Mr. Kahane that are reportable under Item 404(a) of Regulation S-K except as described in the Company’s annual proxy statement filed with the U.S. Securities and Exchange Commission on April 28, 2014. In connection with Mr. Kahane’s appointment as chairman of the Board, Nicholas S. Schorsch resigned from his role as chairman and as a member of the Board. Mr. Schorsch did not resign pursuant to any disagreement with the Company.

 

 
 

 

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.

 

  American Realty Capital Trust V, Inc.
     
Date: February 12, 2015 By: /s/ William M. Kahane
    William M. Kahane
    Chief Executive Officer