Apartment Investment and Management Company (Form: 8-K)  

 

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):   February 10, 2009

Apartment Investment and Management Company
__________________________________________
(Exact name of registrant as specified in its charter)

     
Maryland 001-13232 841259577
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
4582 S. Ulster Street Parkway, Suite 1100, Denver, Colorado   80237
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   303-757-8101

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

AIMCO Properties, L.P.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 000-24497 841275621
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
4582 S. Ulster St Parkway, Suite 1100Denver, Colorado   80237
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   303-757-8101

n/a
______________________________________________
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:

[  ]  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))

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 10, 2009, Apartment Investment and Management Company ("Aimco") announced the promotions of Timothy J. Beaudin and David Robertson. Beaudin was promoted to President and Chief Operating Officer and will continue to be responsible for property operations, redevelopment, construction services, and information technology. Robertson was promoted to President and Chief Investment Officer and will become Chief Financial Officer of AIMCO and AIMCO-GP, Inc., the general partner of AIMCO Properties, L.P. (the "Partnership"), effective March 1, 2009.

In connection with its reduced scale and scope of activities, Aimco has reviewed its level of spending and decided to consolidate its senior management ranks. As a result, Thomas M. Herzog, Executive Vice President and Chief Financial Officer of Aimco and the general partner of the Partnership, is resigning from those positions effective March 1, 2009, after the filing of Aimco's and the Partnership's Annual Reports on Form 10-K. In order to provide for an orderly transition, Mr. Herzog will continue in an advisory capacity to Aimco following his departure. Mr. Herzog will receive a cash separation payment of $1.5 million to be paid on March 1, 2009. Fees for his advisory services will be determined based on time spent.

A copy of the related press release is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.





Item 9.01 Financial Statements and Exhibits.

(d) The following exhibits are filed with this report:

99.1 Aimco Press Release dated February 10, 2009





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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.

         
    Apartment Investment and Management Company
          
February 10, 2009   By:   Lisa R. Cohn
       
        Name: Lisa R. Cohn
        Title: Executive Vice President, General Counsel & Secretary
         
    AIMCO Properties, L.P.
          
February 10, 2009   By:   Lisa R. Cohn
       
        Name: Lisa R. Cohn
        Title: Executive Vice President, General Counsel & Secretary of AIMCO-GP, Inc., the general partner of AIMCO Properties, L.P.

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Exhibit Index


     
Exhibit No.   Description
 
99.1
  Aimco Press Release dated February 10, 2009