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) November 2, 2006
DVL, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-8356 13-2892858
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
70 East 55th Street, 7th Floor, New York, NY 10022
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 350-9900
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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:
|_| 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 240.13a-4(c))
Item 5.02 Departure of Directors or Principal Officer; Election of Directors;
Appointment of Principal Officers
On November 2, 2006, Ira Akselrad was elected to the Board of Directors of the
Company to serve as a director. Mr. Akselrad replaces Myron Rosenberg, the
former Chairman of the Board of Directors, who died September 20, 2006. Mr.
Akselrad will also serve as a member of the Company's Audit Committee.
Mr. Akselrad is currently Executive Vice President and General Counsel of the
Johnson Company, Inc., the private investment company of the Robert Wood Johnson
IV family. Prior to joining the Johnson Company this year, he was, for the past
21 years, an attorney with the New York law firm of Proskauer Rose, LLP. For
sixteen of those years he was a member of the firm and represented a wide range
of corporate and real estate clients. In addition to his client
responsibilities, he chaired numerous firm committees and served as a member of
the firm's six member Executive Committee.
In addition, Gary Flicker, a current director, will assume the position of
Chairman of the Board of Directors.
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.
DVL, INC.
By: /s/ Henry Swain
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Name: Henry Swain
Title: Executive Vice President
and Chief Financial Officer
Date: November 8, 2006