text8k.htm
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): April 6, 2010
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LEXINGTON REALTY TRUST
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(Exact
Name of Registrant as Specified in Its Charter)
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Maryland
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1-12386
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13-3717318
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification Number)
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One Penn Plaza, Suite 4015, New York, New
York
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10119-4015
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(212)
692-7200
(Registrant's
Telephone Number, Including Area Code)
(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 obligations of the registrant under any of the following
provisions
___ Written
communications pursuant to Rule 425 under the Securities Act (17 CFT|R
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 Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certa
in Officers.
On April
6, 2010, the Compensation Committee of our Board of Trustees (1) implemented the
2010 executive compensation program, which is set forth in our Definitive Proxy
Statement on Schedule 14A filed with the Securities and Exchange Commission on
April 7, 2010, and (2) modified the compensation for our non-employee Trustees,
which now consists of an annual retainer of $100,000 for each non-employee
Trustee with the exception of a $117,500 annual retainer for the Chairperson of
the Audit Committee. The retainer for non-employee Trustees will be paid
quarterly in arrears and at least 50% of the quarterly amount must be taken in
our common shares based on the average closing price over the applicable
quarter.
Unlike in
past years, non-employee Trustees no longer receive fees for attendance at
individual Board of Trustee or committee meetings.
Any
initial equity award for a newly appointed or elected non-employee Trustee will
be decided by the Compensation Committee on a case-by-case basis.
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.
Lexington Realty
Trust
Date:
April 9,
2010 By: /s/ T. Wilson
Eglin
T. Wilson Eglin
Chief Executive Officer