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): July 14, 2011 (July 12, 2011)
PEBBLEBROOK HOTEL TRUST
(Exact name of Registrant as specified in its charter)
| |
|
|
|
|
|
Maryland
(State or Other Jurisdiction
of Incorporation or Organization)
|
|
001-34571
(Commission File Number)
|
|
27-1055421
(I.R.S. Employer Identification No.) |
2 Bethesda Metro Center, Suite 1530
Bethesda, MD 20814
(Address of principal executive offices) (Zip code)
(240) 507-1300
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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:
|
|
|
| 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 (17 CFR 240.14a-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 3.03. |
|
Material Modifications to Rights of Security Holders. |
On July 12, 2011, Pebblebrook Hotel Trust (the “Company”) filed, with the State Department of
Assessments and Taxation of the State of Maryland, Articles Supplementary (the “Articles
Supplementary”) to the Company’s Declaration of Trust, as amended and supplemented, classifying and
designating an additional 4,000,000 of the Company’s authorized preferred shares of beneficial
interest, $0.01 par value per share, as 7.875% Series A Cumulative Redeemable Preferred Shares of
Beneficial Interest, $0.01 par value per share (the “Series A Preferred Shares”). As set forth in
the Articles Supplementary, the additional Series A Preferred Shares have the same preferences,
conversion and other rights, voting powers, restrictions, limitations as to dividends and other
distributions, qualifications and terms and conditions of redemption as the 5,000,000 Series A
Preferred Shares initially issued by the Company in an underwritten public offering in March 2011.
A copy of the Articles Supplementary is filed as Exhibit 3.1 to this Current Report on Form
8-K and is incorporated herein by reference.
|
|
|
| Item 5.03. |
|
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
The information set forth under Item 3.03 of this Current Report on Form 8-K is incorporated
by reference into this Item 5.03.
|
|
|
| Item 7.01. |
|
Regulation FD Disclosure. |
On July 12, 2011, the Company issued a press release announcing the direct sale of 600,000
Series A Preferred Shares by the Company to CBRE Clarion Securities LLC. A copy of that press
release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
On July 14, 2011, the Company issued 600,000 Series A Preferred Shares to accounts of CBRE
Clarion Securities LLC resulting in gross cash proceeds to the Company of $15.15 million. The
Company contributed the proceeds to its operating partnership, Pebblebrook Hotel, L.P. (the
“Operating Partnership”), in exchange for 600,000 Series A Preferred Units in the Operating
Partnership.
|
|
|
| Item 9.01. |
|
Financial Statements and Exhibits |
(d) Exhibits.
| |
|
|
|
|
| Exhibit No. |
|
Description |
| |
3.1 |
|
|
Articles Supplementary to the Declaration of Trust of the
Registrant designating additional 7.875% Series A Cumulative
Redeemable Preferred Shares of Beneficial Interest, $0.01 par
value per share. |
| |
99.1 |
|
|
Press release dated July 12, 2011. |