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) October 26, 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.) |
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 and Election of Directors |
On October 26, 2015 the registrant announced the election of William R. Brown to the Board of Directors of the company’s managing general partner, Pope MGP, Inc. Mr. Brown replaces Douglas E. Norberg, who is retiring as a Director after more than 19 years of service. A copy of that press release is furnished herewith as Exhibit 99.1. Mr. Brown will also serve on the Human Resources and Audit Committees.
| Item 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
The information included in Exhibit 99.1 pursuant to Item 9.01 of this Current Report on Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
| Exhibit No. | Description |
| 99.1 | Press release of the registrant dated October 26, 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: October 26, 2015 | BY: | /s/ John D. Lamb | |
| John D. Lamb | |||
| 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 October 26, 2015
Exhibit 99.1
Pope Resources Announces Change In Board Composition
POULSBO, Wash., Oct. 26, 2015 /PRNewswire/ -- Pope Resources (Nasdaq: POPE) today announced the election of William R. Brown to the Board of Directors of the company's managing general partner, Pope MGP, Inc. Mr. Brown replaces Douglas E. Norberg, who is retiring as a Director after more than 19 years of service due to reaching mandatory retirement age under the Partnership's governing documents. Director Maria M. Pope stated that "We are pleased to have Bill join the Board. His breadth and depth of forest products industry experience will help guide the Partnership and our fund investments. The flip-side of this is that, after two decades of service, we will miss Doug's well-honed strategic business instincts, financial acumen, and extensive real estate experience. Doug has served as lead director since 2000 and also led Pope Resources on an interim basis in 2000 while the Partnership conducted a formal search for its next Chief Executive Officer. He has been instrumental in the growth of the Partnership and we will miss his leadership and wise counsel."
Mr. Brown was previously President of Green Diamond Resource Company, a West Coast forest products and land company, and prior to that he was employed by Plum Creek Timber Company where he held a variety of positions, rising to the role of Executive VP and CFO. Prior to his tenure with Plum Creek, Mr. Brown held planning, finance and management roles with companies such as Glacier Park Company, Cornerstone Columbia Development, and Weyerhaeuser. He received a B.S. degree in Engineering from the U.S. Military Academy at West Point and an M.B.A. from the Massachusetts Institute of Technology. Mr. Brown served in active duty with the U.S. Army for five years between his undergraduate and graduate degrees. He currently serves as a director on several local Seattle corporate and nonprofit boards.
About Pope Resources
Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage 192,000 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: John Lamb, 360.697.6626, Fax 360.697.1156