<SEC-DOCUMENT>0001157523-14-000657.txt : 20140218
<SEC-HEADER>0001157523-14-000657.hdr.sgml : 20140217
<ACCEPTANCE-DATETIME>20140218093049
ACCESSION NUMBER:		0001157523-14-000657
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140212
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140218
DATE AS OF CHANGE:		20140218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LTC PROPERTIES INC
		CENTRAL INDEX KEY:			0000887905
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				710720518
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11314
		FILM NUMBER:		14620615

	BUSINESS ADDRESS:	
		STREET 1:		2829 TOWNSGATE ROAD
		STREET 2:		SUITE 350
		CITY:			WESTLAKE VILLAGE
		STATE:			CA
		ZIP:			91361
		BUSINESS PHONE:		805-981-8655

	MAIL ADDRESS:	
		STREET 1:		2829 TOWNSGATE ROAD
		STREET 2:		SUITE 350
		CITY:			WESTLAKE VILLAGE
		STATE:			CA
		ZIP:			91361
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a50805140.htm
<DESCRIPTION>LTC PROPERTIES, INC. - 8-K
<TEXT>
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      <font style="font-family: Times New Roman; font-size: 12pt">UNITED STATES</font><br><font style="font-size: 16pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-family: Times New Roman; font-size: 12pt">Washington,
      D.C. 20549</font><br><font style="font-family: Times New Roman"><b>______________</b></font><br><br><font style="font-family: Times New Roman; font-size: 18pt"><b>FORM
      8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt">CURRENT
      REPORT PURSUANT TO SECTION 13 OR 15(D)</font><br><font style="font-family: Times New Roman; font-size: 12pt">OF
      THE SECURITIES EXCHANGE ACT OF 1934</font><br><br><br><font style="font-family: Times New Roman; font-size: 10pt">Date
      of report: February 12, 2014</font><br><font style="font-family: Times New Roman; font-size: 10pt">(Date
      of earliest event reported)</font><br><br><br><br><font style="font-family: Times New Roman; font-size: 18pt"><b>LTC&#160;PROPERTIES,&#160;INC.</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of Registrant as specified in its charter)</font><br><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Maryland
          </p>
        </td>
        <td style="padding-left: 0.0px; white-space: nowrap; text-align: center; width: 34%; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1-11314
          </p>
        </td>
        <td style="padding-left: 0.0px; white-space: nowrap; text-align: center; width: 33%; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            71-0720518
          </p>
        </td>
      </tr>
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        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            incorporation or organization)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 34%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission file number)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>
      <br>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            2829 Townsgate Road, Suite 350
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Westlake Village, CA&#160;&#160;91361
          </p>
        </td>
      </tr>
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        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of principal executive offices)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt">(805)
      981-8655</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-family: Times New Roman; font-size: 10pt">(Registrant&#8217;s
      telephone number, including area code)</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">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):</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c)) </font>
    </p>
    <hr style="color: #000000; text-align: center; width: 100%; height: 1.0 pt">
    <hr style="color: #000000; text-align: center; width: 100%; height: 1.0 pt">


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    <div style="margin-left: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt">
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        <div style="text-align: left">

        </div>
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        <div style="text-align: center">

        </div>
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          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: justify">
      <b>Item 5.02. &#8212; Departure of Directors or Principal Officers; Election
      of Directors; Appointment of Principal Officers</b>
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      On February 12, 2014, the Board of Directors of LTC Properties, Inc.
      elected Mr. James J. Pieczynski to the Board effective March 1,
      2014.&#160;&#160;Mr. Pieczynski will serve on LTC&#8217;s Nominating and Corporate
      Governance Committee, Audit Committee and Compensation Committee.&#160;&#160;
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      In conjunction with his appointment to the Board, Mr. Pieczynski will be
      granted 15,000 stock options to vest ratably over three years and 3,000
      restricted shares to vest ratably over three years.&#160;&#160;Mr. Pieczynski will
      receive compensation for his service on the Board consistent with that
      received by LTC&#8217;s other non-employee directors as described LTC&#8217;s
      definitive proxy statement filed with the Securities and Exchange
      Commission on April 19, 2013. In addition, LTC will enter into an
      indemnity agreement with Mr. Pieczynski in the form of which LTC has
      entered into with each of its directors as incorporated by reference to
      Exhibit 10.1 to LTC's Quarterly Report on Form 10-Q for the quarter
      ended June 30, 2009. &#160;&#160;
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      A copy of the press release announcing Mr. Pieczynski&#8217;s election to the
      Board is filed as Exhibit 99.1 to this Form 8-K and is incorporated
      herein by reference.&#160;&#160;
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      <b>Item 9.01. &#8212; Financial Statements and Exhibits</b>
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      (d) Exhibits.
    </p>
    <p style="text-align: justify">

    </p>
    <p style="text-align: justify">
      99.1&#160;&#160;&#160;&#160;&#160;Press Release issued February 18, 2014.
    </p>
    <p style="margin-left: 30.0px; white-space: nowrap; text-align: justify">

    </p>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURE</b></font>
    </p>
    <p style="text-align: left">
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of </font>Section 13 or 15(d) of the <font style="font-family: Times New Roman; font-size: 10pt">Securities
      Exchange Act of 1934, the Registrant has duly caused this report to be
      signed on its behalf by the undersigned, hereunto duly authorized.</font>
    </p>
    <p style="text-align: left">
      <br>

    </p>
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        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            LTC PROPERTIES, INC.
          </p>
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        </td>
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          &#160;
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        </td>
        <td style="width: 45%">

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          &#160;
        </td>
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        <td style="width: 5%">

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        <td style="width: 45%">

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        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
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        <td style="padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 45%" valign="top">
          February 18, 2014
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 4%" valign="top">
          By:
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>/s/&#160;&#160;WENDY L. SIMPSON</u>
          </p>
        </td>
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        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Wendy L. Simpson
          </p>
        </td>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chairman, CEO &amp; President
          </p>
        </td>
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    </table>
    </div>
    <p>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a50805140_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>LTC
      Announces Election of New Board Member</b></font>
    </p>
    <p>
      WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--February 18, 2014--LTC
      Properties, Inc. (NYSE:LTC) announced that Mr. James J. Pieczynski has
      been elected as a new member of the Board of Directors of LTC effective
      March 1, 2014, increasing the total number of directors from five to six
      and total independent directors from three to four.
    </p>
    <p>
      Mr. Pieczynski is Chief Executive Officer and a member of the Board of
      Directors of CapitalSource, Inc. (NYSE:CSE), a publicly-held commercial
      lender that provides financial products to small and middle market
      businesses nationwide and provides depository products and services in
      southern and central California.
    </p>
    <p>
      Mr. Pieczynski brings over 25 years of health care real estate portfolio
      experience to the Board and financial expertise. Prior to joining
      CapitalSource, Mr. Pieczynski served as LTC&#8217;s President, CFO, and as a
      member of the Board of Directors from 1993 to 2001. Prior to joining
      LTC, Mr. Pieczynski was the Director of Development for American Medical
      International, Inc. (now Tenet Healthcare Corporation).
    </p>
    <p>
      Ms. Wendy Simpson, LTC&#8217;s Chairman and Chief Executive Officer, said,
      &#8220;The Board is very pleased to have Jim back with the company. He will
      add additional perspective to LTC&#8217;s business of providing financing to
      long-term health care.&#8221;
    </p>
    <p>
      LTC is a self-administered real estate investment trust that primarily
      invests in senior housing and long-term care properties through
      triple-net lease transactions, mortgage loans and other investments. For
      more information on LTC Properties, Inc., visit the Company&#8217;s website at <u>www.LTCProperties.com</u>.
    </p>
    <p>
      <u>Forward Looking Statements</u>
    </p>
    <p>
      This press release includes statements that are not purely historical
      and are &#8220;forward looking statements&#8221; within the meaning of Section 27A
      of the Securities Act of 1933, as amended, and Section 21E of the
      Securities Exchange Act of 1934, as amended, including statements
      regarding expectations, beliefs, intentions or strategies regarding the
      future. All statements other than historical facts contained in this
      press release are forward looking statements. These forward looking
      statements involve a number of risks and uncertainties. Please see LTC&#8217;s
      most recent Annual Report on Form 10-K, our subsequent Quarterly Reports
      on Form 10-Q, and in LTC&#8217;s other publicly available filings with the
      Securities and Exchange Commission for a discussion of these and other
      risks and uncertainties. All forward looking statements included in this
      press release are based on information available to LTC on the date
      hereof, and LTC assumes no obligation to update such forward looking
      statements. Although LTC&#8217;s management believes that the assumptions and
      expectations reflected in such forward looking statements are
      reasonable, no assurance can be given that such expectations will prove
      to have been correct. The actual results achieved by LTC may differ
      materially from any forward looking statements due to the risks and
      uncertainties of such statements.
    </p>
    <p>
      CONTACT:<br>LTC Properties, Inc.<br>Wendy L. Simpson<br>Pam Kessler<br>805-981-8655
    </p>
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