Arbor Realty Trust Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Arbor Realty Trust, Inc. on October 10, 2006, regarding an event that occurred on October 6, 2006. The filing addresses a compliance matter with the New York Stock Exchange (NYSE) related to the Company's 2006 annual meeting proxy statement.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly procedural and contains no financial performance data.
Material Changes
There are no material changes to financial operations or assets reported. The material event is a regulatory compliance issue where the NYSE notified the Company that its proxy statement failed to disclose how interested parties could communicate with non-management directors, as required by Section 303A.03 of the NYSE Listed Company Manual.
Guidance, Outlook, and Management Commentary
Management has taken corrective action by filing this Form 8-K to disclose the communication procedures. The NYSE has advised that upon this filing, the Company is in compliance with the technical requirements. The filing provides specific instructions for stockholders to contact the board of directors, individual directors, or committees via mail addressed to the General Counsel and Corporate Secretary at the Company's principal executive offices in Uniondale, New York.
Key Facts for Investor Verification
- The Company received a notice from the NYSE regarding a deficiency in its 2006 proxy statement.
- The deficiency concerned the lack of disclosure on how to communicate with non-management directors.
- The Company has remedied the issue by filing this 8-K, which now details the communication process.
- The NYSE has confirmed that the filing restores the Company's compliance with listing standards.