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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): June 14, 2007
CORPORATE PROPERTY ASSOCIATES 16 - GLOBAL INCORPORATED
(Exact Name of Registrant as Specified in Charter)
MARYLAND
(State or Other Jurisdiction of Incorporation)
001-32162 80-0067704
(Commission File Number) (IRS Employer Identification No.)
50 ROCKEFELLER PLAZA, NEW YORK, NY 10020
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 492-1100
__________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
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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):
[ ] 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))
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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 June 14, Thomas Ridings was appointed Chief Accounting Officer (principal
accounting officer) of Corporate Property Associates 16 - Global Incorporated
(the "Company"). Mr. Ridings, age 39, currently serves as Executive Director of
the Company. He joined the Company in 2004, as First Vice President in the
accounting department, and was promoted to Senior Vice President in 2006 and to
Executive Director in 2007. Prior thereto, he was a Vice President at CA, Inc.,
a computer software company publicly traded on the NYSE. Between 1990 and 2000
he worked at Ernst & Young LLP. Mr. Ridings, a certified public accountant,
received a B.S. in accounting from Long Island University.
Mr. Ridings succeeds Claude Fernandez, who resigned from his position as Chief
Accounting Officer (principal accounting officer) of the Company on June 14,
2007. Mr. Fernandez will continue to serve in his capacity as Managing Director.
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, thereunto duly authorized.
Corporate Property Associates 16 -
Global Incorporated
Date: June 19, 2007 By: /s/ Mark J. DeCesaris
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Mark J. DeCesaris
Managing Director and
acting Chief Financial Officer