UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
Washington, DC 20549 |
______________________ |
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FORM 8-K |
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CURRENT REPORT |
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Pursuant to Section 13 or 15(d) of |
the Securities Exchange Act of 1934 |
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June 30, 2009 |
Date of Report (Date of earliest event reported) |
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GTJ REIT, INC. |
(Exact name of registrant as specified in its Charter) |
Maryland | 0001368757 | 20-5188065 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
444 Merrick Road |
Lynbrook, NY 11563 |
(Address of principal executive offices) (Zip Code) |
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(516) 881-3535 |
Registrant’s telephone number, including area code |
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(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 (17CFR240.14a-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
On June 30, 2009, GTJ REIT, Inc. through its wholly-owned subsidiaries, Shelter Electric Maintenance Corp. and Shelter Electric Acquisition Subsidiary LLC, (collectively, “Shelter Electric”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Morales Electrical Contracting, Inc. (“Morales”), a Valley Stream, New York based electrical construction company, pursuant to which Morales sold certain of its assets and assigned certain contracts and employees to Shelter Electric.
Pursuant to the Asset Purchase Agreement, Shelter Electric purchased these assets, free and clear of all liens and other encumbrances, in consideration for the payment of approximately $1.0 million, consisting primarily of the satisfaction and payment of certain liabilities of Morales. Shelter Electric will also provide a line of credit of up to approximately $0.6 million, through a Credit and Security Agreement to finance the completion of two contracts currently in progress. In addition, Alan Smith, the former Vice President of Morales will be employed by Shelter to manage and expand the electrical construction operations. Mr. Smith’s employment is subject to usual and customary conditions and restrictive covenants.
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.
Date: July 2, 2009 | GTJ REIT, INC. |
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| By: /s/ David J. Oplanich |
| David J. Oplanich |
| Chief Financial Officer |
