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) December 6, 2005 ---------------- Pope Resources, A Delaware Limited Partnership (Exact name of registrant as specified in its charter) Delaware 91-1313292 -------- ---------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 19245 Tenth Avenue NE, Poulsbo, Washington 98370 ------------------------------------------------ (Address of principal executive offices) (ZIP Code) Registrant's telephone number, including area code (360) 697-6626 -------------- NOT APPLICABLE -------------- (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 (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-(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))INFORMATION TO BE INCLUDED IN THE REPORT ---------------------------------------- Item 5.02: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. Marco F. Vitulli, a director of the registrant's managing general partner, Pope MGP, Inc., has retired effective December 6, 2005. Pursuant to the registrant's Agreement of Limited Partnership, as amended, the board of directors of Pope MGP, Inc., serves as the board of directors of the registrant. Composition of the managing general partner's board of directors is governed by a stockholder agreement which, among other things, permits those stockholders to designate a replacement for Mr. Vitulli. Acting pursuant to that agreement the stockholders of Pope MGP, Inc., have appointed John E. Conlin to replace Mr. Vitulli. Mr. Conlin will be a member of the Audit Committee and the Human Resources Committee of the board of directors. Also on December 6, 2005 the registrant issued a press release announcing the changes in the board composition of its managing general partner. A copy of that press release is furnished herewith as Exhibit 99.1. Item 9.01. Financial Statements and Exhibits Exhibit No. Description - ---------- ----------- 99.1 Press release of the registrant dated December 6, 2005 SIGNATURES - ---------- Pursuant to the requirements of Section 13 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. POPE RESOURCES, A DELAWARE LIMITED PARTNERSHIP DATE: December 6, 2005 BY: /s/ Thomas M. Ringo ------------------- Thomas M. Ringo Vice President and Chief Financial Officer, Pope Resources, A Delaware Limited Partnership, and Pope MGP, Inc., General Partner Exhibit 99.1 Press Release of the Registrant dated December 6, 2005
Exhibit 99.1 Pope Resources Announces Change in Board Composition POULSBO, Wash.--(BUSINESS WIRE)--Dec. 6, 2005--Pope Resources (Nasdaq:POPEZ) today announced the election of John E. Conlin to the Board of Directors of the company's managing general partner, Pope MGP, Inc. Mr. Conlin replaces Marco F. Vitulli, who is retiring as a Director after 20 years of service dating back to the inception of Pope Resources. Director Peter T. Pope, who has served on the Board with Mr. Vitulli throughout the company's history, noted that "Marco has provided stable leadership and valuable counsel throughout his tenure, particularly on real estate matters as the company's business has evolved." Mr. Conlin is the co-founder of Education Partners, a firm operating in the health and wellness industry. He previously served as CEO of Robertson Stephens, an investment bank based in San Francisco, California. His banking experience also includes 16 years with Credit Suisse First Boston where he held various senior management positions in the U.S. and Europe. He received a B.A. degree from the University of Rochester and an M.B.A. from the University of Michigan. Mr. Conlin is a Director of ACME Communications (Nasdaq:ACME), Montgomery & Company, and Cannell Capital Management. About Pope Resources Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage over 560,000 acres of timberland and development property in Washington, Oregon, and California. In addition, it provides forestry consulting and timberland management services to third-party owners and managers of timberland. The company and its predecessor companies have owned and managed timberlands and development properties for more than 150 years. Additional information on the company can be found at www.orm.com. CONTACT: Pope Resources Tom Ringo, 360-697-6626 Fax: 360-697-1156