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 13 , 2003 HALLWOOD REALTY PARTNERS, L.P. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 1-10643 75-2313955 - -------------------------------------------------------------------------------- (State or other jurisdiction of (Commission File Number) (IRS Employer incorporation or organization) Identification No.) 3710 RAWLINS SUITE 1500 DALLAS, TEXAS 75219 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (214) 528-5588 - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. On May 13, 2003, the board of directors of Hallwood Realty, LLC, the general partner of the registrant, expanded the board size by one and appointed Hamilton P. Schrauff as an outside director, effective immediately. The increase in board size and the appointment of Mr. Schrauff were both approved by a unanimous vote of the members of the board of directors of Hallwood Realty, LLC. Since 1997 Mr. Schrauff has served as an independent consultant and interim chief financial officer for several entities, including Omega Oil Company, Inc., Calgary, Alberta; The Omni Group, Inc., Dallas, Texas; and Burns Controls, Dallas, Texas; and through Tatum CFO Partners in Dallas, Texas. Mr. Schrauff also served as a director of Hallwood Energy Corporation, a company formerly affiliated with the registrant, from June 1999 until its sale in May 2001. Mr. Schrauff is a Certified Public Accountant and Certified Financial Planner. He is a member of the American Institute of Certified Public Accountants, the Texas Society of Certified Public Accountants and the Financial Executives Institute. 2 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, thereunto duly authorized. Date: May 16, 2003 Hallwood Realty Partners, L.P. By: Hallwood Realty, L.L.C. General Partner By: /s/ Jeffrey D. Gent ----------------------------- Name: Jeffrey D. Gent ----------------------------- Title: Vice President - Finance (Principal Financial and Accounting Officer)