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): May 22, 2009
Consolidated-Tomoka
Land Co.
(Exact
name of registrant as specified in its charter)
|
Florida
(State
or other jurisdiction of incorporation)
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001-11350
(Commission
File Number)
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59-0483700
(IRS
Employer Identification No.)
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|
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1530
Cornerstone Boulevard, Suite 100
Daytona
Beach, Florida
(Address
of principal executive offices)
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32117
(Zip
Code)
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||
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Registrant’s
telephone number, including area code: (386)
274-2202
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|||
|
Not
Applicable
(Former
name or former address, if changed since last report.)
|
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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 240.13e-4(c))
FORM 8-K,
May 22, 2009
CONSOLIDATED-TOMOKA
LAND CO.
COMMISSION
FILE NO. 001-11350
EMPLOYER
ID NO. 59-0483700
Item 8.01. Other
Events
On May 22, 2009 Consolidated-Tomoka Land Company issued a press
release announcing the final voting results from the 2009 Annual
Meeting of Shareholders held on May 13, 2009.
( c )
Exhibits.
99.1 Press Release
issued May 22, 2009
SIGNATURES
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.
CONSOLIDATED-TOMOKA
LAND CO.
Date: May
22, 2009
| /s/Bruce W. Teeters | |
| Senior Vice President Finance Treasurer | |
| Chief Financial Officer | |
CONSOLIDATED-TOMOKA
LAND CO.
PRESS
RELEASE
For
Immediate Release
|
Date:
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May
22, 2009
|
|
Contact:
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Bruce
W. Teeters, Sr. Vice President
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Phone:
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(386)
274-2202
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Facsimile:
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(386)
274-1223
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Consolidated-Tomoka
Announces Results of 2009 Annual Meeting of Shareholders
DAYTONA
BEACH, FLORIDA (May 22, 2009) – Consolidated-Tomoka Land Co. (NYSE AMEX-CTO)
today announced that IVS Associates, Inc., its independent inspector of
election, has certified the final voting results from the Company's
Annual Meeting of Shareholders held on May 13, 2009. At the meeting,
shareholders elected one director to serve in Class I, one director to serve in
Class II, and four directors to serve in Class III.
Director
candidates were elected as follows:
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·
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For
Class I, Linda Loomis Shelley, incumbent
director.
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·
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For
Class II, Jeffry B. Fuqua, a candidate nominated by the Board of Directors
and proposed by Company shareholder Wintergreen
Advisers.
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·
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For
Class III, the shareholders elected incumbent directors Gerald L. DeGood
and William Voges, as well as John J. Allen, a candidate nominated by the
Board of Directors and proposed by Wintergreen Advisers, and Allen C.
Harper, a candidate nominated by Wintergreen
Advisers.
|
Shareholders
also ratified the appointment of KPMG LLP, as the Company’s auditors for fiscal
year 2009, and voted in favor of the following three non-binding
proposals:
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·
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Proposal
#3, declassification of the Board;
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·
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Proposal
#4, adoption of an independent Board Chairman Policy;
and,
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|
·
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Proposal
#5, limiting the Board to eleven
members.
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William
H. McMunn, CEO of Consolidated Tomoka stated, “We appreciate the active
participation of our shareholders in this year’s Annual Meeting. They
have elected an outstanding group of directors that will bring both new and
historical perspective to the Board’s deliberations in the coming
year. Consolidated Tomoka has achieved peer-leading results, and we
look to our Board to continue providing strong leadership during this
unprecedented time as we strive to maintain exceptional performance while
growing long-term shareholder value. We also appreciate the direction
provided by our shareholders regarding the three shareholder proposals that were
offered, and the full Board will be reviewing the results in future
meetings.”
Consolidated-Tomoka
Land Co. is a Florida-based company primarily engaged in converting Company
owned agricultural lands into a portfolio of net lease income properties
strategically located in the Southeast, maximizing shareholder value through the
efficient utilization of 1031 tax-deferred exchanges. The Company has
low long-term debt and generates over $9 million in annual before tax cash flow
from its real estate portfolio. The Company also engages in selective
self-development of targeted income properties. The Company’s adopted strategy
is designed to provide the financial strength and cash flow to weather difficult
real estate cycles. Visit our website at www.ctlc.com.
“Safe Harbor”
Certain statements contained in this
press release (other than statements of historical fact) are forward-looking
statements. The words “believe,” “estimate,” “expect,” “intend,”
“anticipate,” “will,” “could,” “may,” “should,” “plan,” “potential,” “predict,”
“forecast,” “project,” and similar expressions and variations thereof identify
certain of such forward-looking statements, which speak only as of the dates on
which they were made. Forward-looking statements are made based upon
management’s expectations and beliefs concerning future developments and their
potential effect upon the Company. There can be no assurance that
future developments will be in accordance with management’s expectations or that
the effect of future developments on the Company will be those anticipated by
management.