MAA appoints William B. Sansom to the Board of Directors
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):
December 4, 2006 (November 30, 2006)
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MID-AMERICA
APARTMENT COMMUNITIES, INC.
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(Exact
name of registrant as specified in its
charter)
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TENNESSEE
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1-12762
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62-1543819
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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6584
Poplar Avenue, Suite 300
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Memphis,
Tennessee
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38138
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (901) 682-6600
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N/A
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(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 (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-2(b))
[
] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM
5.02 Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers; Compensatory Arrangements of Certain
Officers
On
November 30, 2006, the registrant’s Board of Directors elected William B. Sansom
as a new director to serve a term ending at the 2007 Annual Meeting of
Shareholders. The Board of Directors also appointed Mr. Sansom to serve on
the
Compensation Committee and the Nominating and Corporate Governance Committee
of
the Board of Directors. Mr. Sansom was awarded approximately $87,500 worth
of
restricted shares of the registrant’s common stock through the registrant’s 2004
Stock Plan. In accordance with the Restricted Stock Agreement, the shares
will
vest 14.2% on May 22, 2007, 28.6% on May 22, 2008, 28.6% on May 22, 2009,
and
28.6% on May 22, 2010. Mr. Sansom is an independent director as defined under
the listing standards of the New York Stock Exchange. There are no arrangements
or understandings between Mr. Sansom and any other persons pursuant to which
Mr.
Sansom was selected as a director. Since the beginning of the registrant’s last
fiscal year, Mr. Sansom has had no direct or indirect interest in any
transaction to which the registrant was a party.
Mr.
Sansom has served as the Chairman of the Board and Chief Executive Officer
of
The H.T. Hackney Co., a wholesale distribution company headquartered in
Knoxville, Tennessee since 1983. Formerly,
Mr. Sansom served as the Tennessee Commissioner of Transportation from 1979
to
1981, and as the Tennessee Commissioner of Finance and Administration from
1981
to 1983. In
2006,
Mr. Sansom was named the Chairman of the Board of the Tennessee Valley
Authority. Mr. Sansom also serves on the Boards of Directors of Astec
Industries, Inc., and First Horizon National Corporation.
On
December 4, 2006, the registrant issued a press release announcing Mr. Sansom’s
appointment to the Board of Directors. A copy of the press release issued
in
connection with the announcement is furnished as Exhibit 99.1 to this Current
Report on Form 8-K.
ITEM
9.01 Financial
Statements and Exhibits
(c) Exhibits
Exhibit
Number Description
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-------------------------------------------
| 99.1 |
Press Release dated
December 4, 2006
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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 thereunto
duly authorized.
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MID-AMERICA
APARTMENT COMMUNITIES, INC.
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Date:
December 4, 2006
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/s/Simon
R.C. Wadsworth
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Simon
R.C. Wadsworth
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Executive
Vice President and Chief Financial Officer
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(Principal
Financial and Accounting Officer)
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