---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-217007"
form_type: "8-K"
ticker: null
cik: "0001029800"
company_name: "URSTADT BIDDLE PROPERTIES INC"
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T05:57:02.467434+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Urstadt Biddle completes merger with Regency Centers, delisted from NYSE

## Summary
- Each share of Urstadt Biddle common stock converted into 0.347 share of Regency common stock.
- Series H and K preferred stock converted into new Regency preferred series with substantially similar terms.
- Amended credit agreement repaid and terminated; no material early termination penalties incurred.
- All officers and directors resigned at Second Merger effective time except Willing L. Biddle as sole director, later replaced.
- Company converted to Maryland LLC named REG-UB Properties, LLC, now indirect subsidiary of Regency.

## SEC filing metadata
- accession: 0001193125-23-217007
- form_type: 8-K
- cik: 0001029800
- company_name: URSTADT BIDDLE PROPERTIES INC
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1029800/000119312523217007/0001193125-23-217007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1029800/000119312523217007/d532825d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-217007
- JSON: https://secwatch.observer/filing/0001193125-23-217007.json
- Plain text: https://secwatch.observer/filing/0001193125-23-217007.txt

## Key facts
- Executive change
  Willing L. Biddle resigned as Sole Director at URSTADT BIDDLE PROPERTIES INC.
  - Action: resigned
  - Role: Sole Director
  source text: except Mr. Biddle who resigned from all of his respective aforementioned positions except as sole director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1029800/000119312523217007/0001193125-23-217007-index.htm
- Executive change
  Michael R. Herman was appointed as Sole Director at URSTADT BIDDLE PROPERTIES INC.
  - Action: appointed
  - Role: Sole Director
  source text: the sole stockholder of the Company replaced Mr. Biddle as sole director with Michael R. Herman.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1029800/000119312523217007/0001193125-23-217007-index.htm
- M&A Transactions
  URSTADT BIDDLE PROPERTIES INC underwent a change of control involving Regency Centers Corporation (closed 2023-08-18).
  - Action: change of control
  - Counterparty: Regency Centers Corporation
  - Closing: 2023-08-18
  source text: This Current Report on Form 8-K is being filed in connection with the consummation on August 18, 2023 (the " Closing Date ") of the transactions contemplated by that certain Agreement and Plan of Merger (the " Merger Agreement "), dated as of May 17, 2023, by and among Regency Centers Corporation, a Florida corporation (" Regency "), Hercules Merger Sub, LLC, a Maryland limited liability company and a wholly-owned subsidiary of Regency (" Merger Sub "), Urstadt Biddle Properties Inc., a Maryland corporation (the " Company "), UB Maryland I, Inc., a Maryland corporation and a direct wholly-owned subsidiary of the Company (" Hermes Sub I "), and UB Maryland II, Inc., a Maryland corporation and a direct wholly-owned subsidiary of Hermes Sub I (" Hermes Sub II ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1029800/000119312523217007/0001193125-23-217007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.