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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): DECEMBER 6, 2006
W. P. CAREY & CO. LLC
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(Exact name of registrant as specified in its charter)
DELAWARE 001-13779 13-3912578
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
50 ROCKEFELLER PLAZA
NEW YORK, NY 10020
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(Address of principal executive offices) (Zip Code)
(212) 492-1100
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(Registrant's telephone number, including area code)
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 PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS; COMPENSATION
ARRANGEMENTS OF CERTAIN OFFICERS.
On December 6, 2006, Charles C. Townsend Jr., age 78, retired from the board of
directors of W. P. Carey & Co. LLC (the "registrant") and became a director
emeritus. Also, on December 6, 2006, Benjamin H. Griswold, IV, age 66, was
appointed to the board of directors of the registrant and will serve as an
independent director and chairman of the compensation committee of the board of
directors.
Mr. Griswold is partner and chairman of Brown Advisory, a Baltimore-based firm
providing asset management and strategic advisory services in the U.S. and
abroad. Prior to joining Brown Advisory as senior partner in March 2005, Mr.
Griswold had served as senior chairman of Deutsche Bank Securities Inc. He had
served as senior chairman of Deutsche Banc Alex. Brown, the predecessor of
Deutsche Bank Securities Inc. since the acquisition of Bankers Trust by Deutsche
Bank in 1999. Mr. Griswold began his career at Alex. Brown & Sons in 1967, and
became a partner of the firm in 1972. He headed the company's research
department, equity trading, and equity division prior to being elected vice
chairman of the board and director in 1984, and chairman of the board in 1987.
Upon the acquisition of Alex. Brown by Bankers Trust New York Corporation in
1997, he became senior chairman of BT Alex. Brown. Mr. Griswold is a member of
the boards of Black & Decker, Baltimore Life Insurance and Flowers Foods. A
former director of the New York Stock Exchange, he is active in civic affairs in
the Baltimore area and serves on the board of Johns Hopkins University and heads
the endowment board of the Baltimore Symphony Orchestra.
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, thereunto duly authorized.
W. P. CAREY & CO. LLC
Date: December 13, 2006 By: /s/ Mark J. DeCesaris
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Mark J. DeCesaris
Managing Director and
acting Chief Financial Officer