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) May 25, 2005
CENTURY PROPERTIES FUND XX
(Exact name of Registrant as specified in its charter)
California 0-13408 94-2930770
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
55 Beattie Place
Post Office Box 1089
Greenville, South Carolina 29602
(Address of principal executive offices)
(864) 239-1000
(Issuer's telephone number)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations 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 Departures of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.
(b)-(c) On May 27, 2005, Apartment Investment and Management Company ("Aimco")
announced that Paul J. McAuliffe, 49, has elected to step down as chief
financial officer in first quarter 2006 to assume a senior advisory role as an
executive vice president supporting Aimco in various capital markets activities.
At the same time, Mr. McAuliffe will step down as the chief financial officer of
the Partnership's managing general partner (the "Managing General Partner"). Mr.
McAuliffe plans to return with his family to his native New Jersey. Since
October 1999, Mr. McAuliffe has served as the chief financial officer of Aimco.
Aimco will begin an orderly transition with Thomas M. Herzog, 42, currently the
chief accounting officer of Aimco and the Managing General Partner succeeding
Mr. McAuliffe as chief financial officer. Since January 2004, Mr. Herzog has
served as senior vice president and chief accounting officer of Aimco and the
Managing General Partner. Effective July 1, 2005, Mr. Herzog will become
executive vice president and chief accounting officer of Aimco and the Managing
General Partner and will assume the chief financial officer title when Mr.
McAuliffe assumes his new role in early 2006. Prior to joining Aimco and the
Managing General Partner, Mr. Herzog was at GE Real Estate, serving as chief
accounting officer and global controller from April 2002 to January 2004 and as
chief technical advisor from March 2000 to April 2002. Prior to joining GE Real
Estate, Mr. Herzog was at Deloitte & Touche LLP from 1990 to 2000. The successor
to Mr. Herzog in the role of chief accounting officer has not yet been
determined.
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.
CENTURY PROPERTIES FUND XX
By: Fox Partners III Inc.
General Partner
By: Fox Capital Management Corporation
Managing General Partner
By: /s/Martha L. Long
Martha L. Long
Senior Vice President
Date: June 1, 2005