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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) MARCH 28, 2007
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AMERICAN REAL ESTATE PARTNERS, L.P.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-9516 13-3398766
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(State of Incorporation) (Commission (I.R.S. Employer
File Number) Identification No.)
767 FIFTH AVENUE, SUITE 4700
NEW YORK, NEW YORK 10153
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(Address of principal executive offices)(Zip code)
(212) 702-4300
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(Registrant's telephone number, including area code)
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:
|_| 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))
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ITEM 5.02 DEPARTURE OF DIRECTORS OF CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS
Hillel Moerman delivered notice of his resignation as the Chief Financial
Officer and Chief Accounting Officer of American Real Estate Partners, L.P. (the
"Company") on March 28, 2007. The resignation was not the result of any
disagreement with the Company on any matter relating to the Company's
operations, policies or practices. Rather, Mr. Moerman received an offer to
serve at another company. The Company did not make a counter-offer. On April 2,
2007, the board of directors of the Company appointed Andrew R. Skobe the
interim Chief Financial Officer and Chief Accounting Officer, effective as of
April 2, 2007. It is anticipated that Mr. Moerman will stay with the Company for
the next few weeks to facilitate a smooth transition. The primary occupation of
Mr. Skobe, 42, is Treasurer of American Property Investors, Inc., the General
Partner of the Company ("API"). Mr. Skobe has served as Treasurer of API since
August 2006. From January 2006 until August 2006, Mr. Skobe held the position of
Treasury Director for API. Prior to that time, from 2002, Mr. Skobe was Vice
President and Treasurer for the Columbia House Company. From 2001 to 2002, he
was a Financial Consultant for Parsons Consulting and before that he was Chief
Financial Officer and Director of Raging Knowledge, a privately held software
company. Mr. Skobe has also held senior financial positions at the Dun &
Bradstreet Corporation, Marvel Entertainment Group, Inc., General Motors, and
Manufacturers Hanover. Mr. Skobe has an MBA in accounting and finance from
Columbia University and a BA in economics from Boston University.
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.
AMERICAN REAL ESTATE PARTNERS, L.P.
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(Registrant)
Date: April 2, 2007 By: AMERICAN PROPERTY
INVESTORS, INC., its General Partner
By: /s/ Keith A Meister
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Keith A. Meister
Principal Executive Officer