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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) August 21, 2006
APARTMENT INVESTMENT AND MANAGEMENT COMPANY
(Exact name of registrant as specified in its charter)
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| MARYLAND
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1-13232
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84-1259577 |
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(State or other jurisdiction
of incorporation or
organization)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.) |
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4582 SOUTH ULSTER STREET PARKWAY
SUITE 1100, DENVER, CO
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80237 |
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code (303) 757-8101
NOT APPLICABLE
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01. Other Events
Apartment Investment and Management Company (the “Company”) is re-issuing, in an updated
format, its historical financial statements for the fiscal years ended December 31, 2005, 2004, and
2003, in connection with the requirements of Statement of Financial Accounting Standards No. 144,
“Accounting for the Impairment or Disposal of Long-Lived Assets,” (“SFAS 144”). SFAS 144 requires
the primary assets and liabilities of the Company’s consolidated properties that are classified as
held for sale to be presented separately in the Company’s consolidated balance sheets and requires
the results of operations of such properties to be reported as discontinued operations in the
Company’s consolidated statements of income. For each period presented in the Company’s Quarterly
Report on Form 10-Q for the quarterly period ended June 30, 2006, the Company reported the assets,
liabilities and results of operations of its consolidated properties that were sold or classified
as held for sale during the first six months of 2006 in accordance with SFAS 144. Under SEC
requirements, the assets and liabilities of those properties are required to be reported as held
for sale, and the results of operations of those properties are required to be reported as
discontinued operations, in all previously issued financial statements presented in the Company’s
most recent Annual Report on Form 10-K, if those financial statements are incorporated by reference
in subsequent filings with the SEC made under the Securities Act of
1933, as amended, even though those
financial statements relate to periods prior to the date the properties met the criteria in SFAS
144 to be reported as held for sale and discontinued operations. The adjustments to reflect the
presentation of properties as held for sale and discontinued operations have no effect on the
Company’s reported net income available to common stockholders or funds from operations.
This Current Report on Form 8-K updates Items 6, 7, and 8 of the Company’s Annual Report on
Form 10-K for the year ended December 31, 2005 (“Form 10-K”), to present separately the assets and
liabilities of the Company’s consolidated properties that were sold or classified as held for sale
prior to June 30, 2006, and to present the results of operations of those properties as
discontinued operations. The updated Items 6, 7 and 8 are included in Exhibit 99.1 to this Current
Report on Form 8-K. All other items of the Company’s Form 10-K remain unchanged.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits
The
following exhibits are filed with this report:
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| Exhibit Number |
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Description |
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23.1
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Consent of Independent Registered Public Accounting Firm |
99.1
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Form 10-K, Item 6. Selected Financial Data |
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Form 10-K, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations |
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Form 10-K, Item 8. Financial Statements and Supplementary Data |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
Dated:
August 21, 2006
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APARTMENT INVESTMENT AND MANAGEMENT COMPANY |
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/s/ Thomas M. Herzog |
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Thomas M. Herzog
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Executive Vice President and Chief Financial
Officer |
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/s/ Robert Y. Walker IV |
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Robert Y. Walker IV
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Executive Vice President and Chief Accounting
Officer |
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Exhibit Index
Exhibits
The following exhibits are furnished with this report:
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| Exhibit Number |
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Description |
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23.1
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Consent of Independent Registered Public Accounting Firm |
99.1
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Form 10-K, Item 6. Selected Financial Data |
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Form 10-K, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations |
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Form 10-K, Item 8. Financial Statements and Supplementary Data |