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) March 19, 2015

 

Pope Resources, A Delaware Limited Partnership

(Exact name of registrant as specified in its charter)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

91-1313292

(I.R.S. Employer

Identification No.)

 

19950 Seventh Avenue NE Suite 200, 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 5.02Appointment of Executive Officer.

 

On March 19, 2015 Pope Resources, A Delaware Limited Partnership (“Partnership”) announced the appointment, effective April 20, 2015, of John Lamb, age 53, as its Vice President and Chief Financial Officer. Mr. Lamb joins Pope Resources from Segale Properties where he was responsible for the firm’s property management and leasing activities as well as long-term development plans. Prior to joining Segale Properties, from 1997 through 2013 Mr. Lamb was CFO and Senior VP of Unico Properties, a Seattle-based real estate firm. Mr. Lamb is employed at the will of the Board of Directors and does not have a guaranteed term of employment.

 

Contemporaneously with Mr. Lamb’s appointment, the Human Resources Committee of the Board of Directors established Mr. Lamb’s base salary at $250,000. Mr. Lamb will participate in incentive programs, the description of which is included in the Partnership’s Annual Report on Form 10-K for the period ending December 31, 2014 and is incorporated herein by reference. In addition to the incentive programs, Mr. Lamb will be eligible for interim bonus awards of $37,500 on January 1, 2016 and $50,000 on January 1, 2017 upon the satisfactory completion of certain objectives.

 

 
 

 

Item 7.01Regulation FD Disclosure.

 

On March 19, 2015, the Partnership issued a press release furnished herewith as Exhibit 99.1 providing additional information about Mr. Lamb’s appointment.

 

Pursuant to General Instruction F to Current Report on Form 8-K, the press release attached to this report is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that Section. The information in Exhibit 99.1 furnished pursuant to this Item 7.01 shall not be incorporated by reference into any registration statement or other documents pursuant to the Securities Act or into any filing or other document pursuant to the Exchange Act except as otherwise expressly stated in any such filing.

 

Item 9.01Financial Statements and Exhibits.

 

Exhibit No. Description
   
99.1 Press Release dated March 19, 2015

 

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 March 19, 2015    
  BY:   /s/ Thomas M. Ringo
    Thomas M. Ringo
    Chief Executive Officer, Pope Resources,
    A Delaware Limited Partnership, and Pope  MGP, Inc., General Partner

  

 

 

Pope Resources Appoints John Lamb As Chief Financial Officer

POULSBO, Wash., March 19, 2015 /PRNewswire/ -- Pope Resources (NASDAQ:POPE) today announced that John Lamb has been appointed Vice President and Chief Financial Officer, effective April 20, 2015. Lamb succeeds Tom Ringo, who became Pope Resources' President & Chief Executive Officer in December 2014 after having served as Interim CEO since June 2014.

Mr. Lamb has over 20 years of experience in finance and operations working for property management and real estate companies. He joins Pope Resources from Segale Properties where he was responsible for the firm's property management and leasing activities as well as long-term development plans. Prior to joining Segale Properties, from 1997 through 2013 Lamb was CFO and Senior VP of Unico Properties, a Seattle-based real estate firm with more than $1 billion in assets under management. From 1990 to 1997, he worked as Corporate Controller for Shurgard Storage Centers, a publicly traded Seattle-based REIT with operations throughout the US and Europe. Mr. Lamb worked for both Ernst & Young and KPMG early in his career where his clients included forest products companies. He is a licensed real estate broker, and a graduate of Whitworth University in Spokane, Washington.

"John's executive experience with public and private companies has given him valuable exposure to real estate generally, and private equity funds and REITs particularly that will dovetail well with our range of operating businesses and future strategies," said Tom Ringo, Pope Resources' President and Chief Executive Officer. "We are pleased to welcome him to our senior leadership team as we take the company forward."

About Pope Resources

Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage 193,000 acres of timberland and development property in Washington, Oregon, and California. We also manage, co-invest in, and consolidate three private equity timber funds, for which we earn management fees. These funds provide an efficient means of investing our own capital in Pacific Northwest timberland while earning fees from managing the funds for third-party investors. The company and its predecessor companies have owned and managed timberlands and development properties for over 160 years. Additional information on the company can be found at www.poperesources.com. The contents of our website are not incorporated into this release or into our filings with the Securities and Exchange Commission.



CONTACT: Tom Ringo, 360.697.6626, Fax 360.697.1156