1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2001 Commission file number 0-18261
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Tower Properties Company
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Missouri 43-1529759
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STATE OR OTHER JURISDICTION OF INCORPORATION OR (IRS EMPLOYER
ORGANIZATION IDENTIFICATION NO.)
911 Main Street, Kansas City, Missouri 64105
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code (816) 421-8255
---------------------------
Securities registered pursuant to Section 12(b) of the Act:
NAME OF EACH EXCHANGE ON
TITLE OF EACH CLASS WHICH REGISTERED
-------------------- ------------------------
- ------------------------------------ -------------------------------------
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Securities registered pursuant to Section 12(g) of the Act:
$1 Par Value Common Stock
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(TITLE OF CLASS)
INDICATE BY CHECK MARK WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS
REQUIRED TO BE FILED BY SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 DURING THE PRECEDING 12 MONTHS (OR SUCH FOR SUCH SHORTER PERIOD THAT THE
REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS), AND (2) HAS BEEN SUBJECT TO
SUCH FILING REQUIREMENTS FOR THE PAST 90 DAYS. YES X NO
--- ---
INDICATE BY CHECK MARK IF DISCLOSURE OF DELINQUENT FILERS PURSUANT TO ITEM
405 OF REGULATION S-K (Sec.229.405 OF THIS CHAPTER) IS NOT CONTAINED HEREIN,
AND WILL NOT BE CONTAINED, TO THE BEST OF REGISTRANT'S KNOWLEDGE, IN
DEFINITIVE PROXY OR INFORMATION STATEMENTS INCORPORATED BY REFERENCE IN PART
III OF THIS FORM 10-K OR ANY AMENDMENT TO THIS FORM 10-K.
STATE THE AGGREGATE MARKET VALUE OF THE VOTING STOCK HELD BY NONAFFILIATES OF
THE REGISTRANT. (THE AGGREGATE MARKET VALUE SHALL BE COMPUTED BY REFERENCE
TO THE PRICE AT WHICH THE STOCK WAS SOLD, OR THE AVERAGE BID AND ASKED PRICES
OF SUCH STOCK, AS OF A SPECIFIED DATE WITHIN 60 DAYS PRIOR TO THE DATE OF
FILING.)
$29,519,655 at February 19, 2002
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INDICATE THE NUMBER OF SHARES OUTSTANDING OF EACH OF THE REGISTRANT'S CLASSES
OF COMMON STOCK, AS OF THE LATEST PRACTICABLE DATE (APPLICABLE ONLY TO
CORPORATE REGISTRANTS).
$1 Par Value Common Stock - 178,907 Shares
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DOCUMENTS INCORPORATED BY REFERENCE: LIST THE FOLLOWING DOCUMENTS IF
INCORPORATED BY REFERENCE AND THE PART OF THE FORM 10-K INTO WHICH THE
DOCUMENTS ARE INCORPORATED: (1) ANY ANNUAL REPORT TO SECURITY HOLDERS; (2)
ANY PROXY OR INFORMATION STATEMENT; AND (3) ANY PROSPECTUS FILED PURSUANT TO
RULE 424(b) OR (c) UNDER THE SECURITIES ACT OF 1933. (THE LISTED DOCUMENTS
SHOULD BE CLEARLY DESCRIBED FOR IDENTIFICATION PURPOSES.)
Portions of Annual Report to Stockholders for the year ended Dec. 31, 2001,
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are incorporated by reference in Parts I, II and IV. Portions of the Annual
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Proxy Statement are incorporated by reference into Part III.
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2
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
TOWER PROPERTIES COMPANY
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2001
3
CROSS-REFERENCE SHEET
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Part II
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Item 6 - Selected Financial Data 2001 Annual Report to Stockholders,
Page 30.
Item 7 - Management's Discussion and 2001 Annual Report to Stockholders,
Analysis of Financial Condition Pages 24 through 28.
and Results of Operations
Item 7a- Market Risk Disclosure 2001 Annual Report to Stockholders,
Page 29.
Item 8 - Financial Statements and
Supplementary Data 2001 Annual Report to Stockholders,
Pages 4 through 21 and Pages 30 through 32.
Part III
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Item 10 - Directors and Executive Proxy Statement relating to Annual
Officers of the Registrant Meeting of Stockholders to be held on
April 10, 2002, under the caption
"Election of Directors."
Item 11 - Executive Compensation Proxy Statement relating to Annual
Meeting of Stockholders to be held on
April 10, 2002, under the captions
"Summary Compensation Table" and
"Compensation Plans."
Item 12 - Security Ownership of Certain Proxy Statement relating to Annual
Beneficial Owners and Meeting of Stockholders to be held on
Management April 10, 2002, under the caption
"Security Ownership of Certain
Beneficial Owners and Management."
Item 13 - Certain Relationships and Proxy Statement relating to Annual
Related Transactions Meeting of Stockholders to be held on
April 10, 2002, under the caption
"Transactions."
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Part IV
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Item 14(a)(1) - Financial Statements 2001 Annual Report to Stockholders,
Pages 4 through 21.
Item 14(a)(2) - Exhibits Registrant's 2001 Form 10-K (File
No. 0-18261) filed on March 31, 2002.
Part I
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Item 1. Business.
(a) General Development of Business:
In September 1989, Tower Properties Company (Tower) formed Tower
Acquisition Corp. (TAC), a wholly-owned subsidiary of Tower. TAC was
formed pursuant to the terms of a merger between Tower and Commerce
Bancshares, Inc. (Commerce), a bank holding company. Tower spun
off certain assets and liabilities to TAC with a net book value
of approximately $17,500,000. Tower then merged with Commerce on
January 29, 1990. In connection with the merger, each Tower
shareholder received 7.88 shares of Commerce in exchange for each
Tower share. TAC's capital stock was distributed to Tower's
shareholders on January 29, 1990 in the form of a stock dividend.
TAC's name was changed to Tower Properties Company (the Company) on
this same date. The net assets distributed to TAC represent the
assets currently owned and managed by the Company.
A private letter ruling was obtained from the IRS that the
distribution was tax-free under Section 355 of the Internal Revenue
Code and the merger constituted a tax-free reorganization under
Section 368(a)(1)(A) of the Internal Revenue Code.
The Company is primarily engaged in owning, developing, leasing and
managing real property located in Johnson County, Kansas, and Clay,
St. Louis and Jackson Counties, Missouri.
(b) Financial Information About Industry Segments:
The Company considers its business to be concentrated in three
business segments--commercial office, apartments, and parking.
The Company's business segments are separate business units that offer
different real estate services.
(c) Narrative Description of Business:
The Company is primarily engaged in the business of owning, developing,
leasing and managing real property. The Company owns and manages
1,270,000 rentable square feet
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of office and warehouse space located in the Kansas City and St. Louis
metropolitan areas.
Substantially all the improved real estate owned by the Company
consists of office buildings and a warehouse and a warehouse/office
facility held for lease, automobile parking garages, apartments and
land held for future sale. The Company has not pursued a policy of
acquiring real estate on a speculative basis, although some real
estate owned by the Company may be sold at a future time.
The Company leasing operations provided rental income constituting
approximately 93 percent of the 2001 revenues. The Company competes
with other building owners in the renting and leasing of office
building space. The Company employs approximately 45 persons on
a full-time basis and approximately 3 persons on a part-time basis.
The remaining 7 percent of 2001 revenues include management, service
and construction fees (4 percent), real estate sales and commission
(1 percent) and other income (2 percent).
The Company leases rental space and provides services to Commerce
Bancshares, Inc. The annual aggregate rental and service fees paid
to the Company by Commerce will vary depending upon the space occupied
and services provided. For the years ended December 31, 2001, 2000
and 1999, the Company received rent and fees of $3,742,575, $5,998,617
and $5,938,309, respectively, from Commerce. The Company was also
reimbursed by Commerce for utilities in the amount of $5,643, $57,783
and $101,478 in 2001, 2000 and 1999.
Item 2. Properties.
(a) The following real property is owned, in fee, by Registrant:
(1) The Commerce Tower, a 30-story office building located at 911
Main Street, Kansas City, Missouri, was opened for occupancy
in January 1965. The Commerce Tower has net rentable space of
approximately 442,000 square feet and is presently 82 percent
occupied. The building, of modern architectural design, has six
elevators serving the first 17 floors and an additional six
express elevators serving the 17th through the 30th floors.
The Company considers the Commerce Tower to be in good
condition.
(2) The Barkley Place, a 6-story 95,000 rentable square foot office
building located in Overland Park, Kansas. The building was
completed in 1988. The Company purchased the building on
July 15, 1994. The Company considers the building to be in good
condition. The building is 96 percent occupied. The building
is subject to a mortgage deed of trust securing a loan with a
balance owing of $3,131,688.
(3) 6601 College Boulevard, a 6-story 101,200 rentable square
foot building, located in Overland Park, Kansas. The building
was completed in 1979. The Company purchased the building on
December 15, 1995. The Company considers the building to be in
good condition. The building is 100 percent leased under a
triple net lease
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expiring in 2010. The building is subject to a mortgage deed of
trust securing a loan with a balance owing of $4,569,130.
(4) 9221 Quivira, a 1-story 24,000 rentable square foot building
and an adjacent 70,000 square foot vacant parcel of land,
located in Overland Park, Kansas. The building was completed in
1968. The Company purchased the building on December 27, 1996.
The Company considers the building to be in good condition. The
building is 100 percent leased under a triple net lease until
February 2002. The single tenant plans to vacate in the 2nd
quarter of 2002. The building is subject to a mortgage deed of
trust securing a loan with a balance owing of $1,047,814.
(5) UMB Bank, a 6-story 59,982 square foot office building with
covered parking on five levels plus surface parking on top of
the attached garage located at 7911 Forsyth, Clayton, Missouri.
The building was completed in 1985. The Company purchased the
building on December 1, 1998. The Company considers the
building to be in excellent condition. The building is 100%
leased. The largest tenant plans to vacate in the 4th quarter
of 2002. The building is subject to a mortgage deed of trust
securing a loan with a balance owing of $6,523,632.
(6) Woodlands Plaza I, a 3-story 93,535 rentable square foot office
building with surface parking for 348 cars located at 11720
Borman Drive, St. Louis, Missouri. The building was built in
1981 and renovated in 1998. The Company purchased the building
on December 29, 2000. The Company considers the building to be
in excellent condition. The building is 100% leased. The
building is subject to a mortgage deed of trust securing a loan
with a balance owing $6,913,127.
(7) A warehouse/office facility, located at 9200 Cody, Overland
Park, Kansas. The building contains approximately 24,100 square
feet of office space and 96,800 square feet of warehouse space.
The building was constructed in 1973, with an addition in 1976
and an expansion completed in 1997. The Company purchased the
facility on June 30, 1995. The Company considers this facility
to be in good condition. The building is 100 percent leased
under a triple net lease through 2010. The warehouse/office
facility is subject to a mortgage deed of trust securing a loan
with a balance owing of $1,645,304. The expansion is subject to
a mortgage deed of trust security a loan with a balance of
$686,370.
(8) A warehouse, located at 9909 Lakeview, Lenexa, Kansas. The
building contains approximately 115,000 square feet of warehouse
space. The building was constructed in 1987. The Company
purchased the facility on December 18, 1996. The Company
considers this facility to be in excellent condition. The
building is 100% leased by a single tenant through 2005.
The warehouse is subject to a mortgage deed of trust securing
a loan with a balance owning of $2,384,525.
(9) A 29-building, 374-unit apartment complex, on a 30.7-acre tract,
located at New Mark Drive and North Cherry in Kansas City North.
Construction of the first phase
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was completed in mid-1971, completion of the second phase in
1978, completion of the third phase in 1998, and completion of
the fourth phase in 1999. The apartments are 80 percent
occupied. The Company considers the complex to be in good
condition. The original 210 unit apartments are subject to a
mortgage deed of trust securing a loan with a balance owing of
$1,616,680. The 140 units, Phase III, are subject to a mortgage
deed of trust securing a loan with a balance owing of
$4,516,273. The 24 units, Phase IV, are subject to a mortgage
deed of trust securing a loan with a balance owing of $988,919.
(10) A 24-building, 329-unit apartment complex, on a 30.3-acre
tract, located at 5401 Fox Ridge Drive in Mission, Kansas.
Construction of the complex was completed in 1985, with an
addition of 7 buildings in 1996. The Company purchased the
complex on December 31, 1992. The Company considers the
24-building complex to be in good condition. The apartments are
95 percent occupied. The original 261 apartments are subject to
a mortgage deed of trust securing a loan with a balance owing of
$5,808,849. The 68 units are subject to a mortgage deed of
trust securing a loan with a balance owing of $2,320,474.
(11) A 7-building, 162-unit apartment complex, on an 8.7-acre tract
located at 6800 Antioch in Merriam, Kansas. Construction of the
complex was completed in 1987. The Company purchased the
complex on September 30, 1993. The Company considers the
7-building complex to be in good condition. The apartments are
93 percent occupied. The apartments are subject to a mortgage
deed of trust securing a loan with a balance owing of
$3,079,723.
(12) One block of surface parking bounded generally by Sixth Street,
Baltimore Street, Seventh Street and Wyandotte Street. This
parking location contains approximately 206 parking stalls and
is collateral for a line of credit with Commerce Bank.
(13) A block of surface parking located generally at the corner of
Eighth and Wyandotte Streets in Kansas City, Missouri, that
contains approximately 200 parking stalls and a surface parking
located located at 102 E. 8th in Kansas City, Missouri, that
contains approximately 40 parking stalls. The parking location
that contains 200 parking stalls is collateral for a line of
credit with Commerce Bank.
(14) A two-story facility located at the Northwest corner of Ninth
and Walnut, immediately adjacent to the 811 Main building and
garage. The parking facility contains approximately 80 parking
spaces.
(b) New Mark, a division of the Company, originally owned 1,207 acres
located in Kansas City North immediately adjacent to and contiguous
with the apartment complex owned by the Company. The tract is owned
in fee. Residential lots and land aggregating approximately 834 acres
have been sold from the tract by the Company. An additional 116 acres
have been dedicated to streets, and 103 acres are designated as an
open greenbelt area.
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(c) Effective September 24, 1999, the Company's 98.19 percent owned
subsidiary, Downtown Redevelopment Corporation, was merged into
the Company who now owns the following property located in downtown
Kansas City, Missouri:
(1) The 811 Main building, which consists of an L-shaped, 12-story
combination office building and parking garage, was completed in
1959. The first five floors are utilized primarily for parking,
although approximately 27,000 square feet of ground floor and
lower level space is available for use as commercial office
space and storage. The office space extending from the 6th
floor through the 12th floor encloses a gross area of
approximately 252,000 square feet. The building became a
full-service, multi-tenant building in April 1996, and is
presently 100 percent occupied. The condition of the property
is considered good. The building is subject to a mortgage deed
of trust of trust securing a loan with a balance owing
$5,647,378.
(2) 700 Baltimore surface parking. Through a tax-free exchange
between Delaware Redevelopment Corporation for the 710 Main
Garage Building on September 1, 1999, the Company obtained this
276 surface parking lot for $250,000. The property value of 700
Baltimore appraised for $3,450,000 and the value of the 710 Main
Garage was determined to be $3,200,000. The condition of the
property is considered good and is collateral for a line of
credit with Commerce Bank.
(3) A tract of ground approximately one-half block in width on the
east side of Main Street between 6th and 8th Streets. The
Company successfully pursued quiet title actions against the
leaseholder, and as a result, now holds clear title to the
leasehold improvements on this tract, Prom/Rodeway Inn and 711
Main Garage. These structures were functionally obsolete. The
Company had remediated environmental problems in the buildings
and in 1997, the Company demolished the north Rodeway facility
and completed a 100 car surface parking lot. This parking
location is collateral for a line of credit with Commerce Bank.
The south facility contains a 258 car-parking garage at 711
Main. The Company made available an additional 30 parking
spaces at the 711 Main location in 1998.
(4) An irregular tract of ground containing approximately 35,000
square feet, which was previously leased in part to a service
station until December 1996. The company demolished the station
in 1997 and completed the entire area for a 112 car surface
parking lot. This parking location is collateral for a line of
credit with Commerce Bank.
Item 3. Legal Proceedings.
During the quarter ended June 30, 2001, the Company was served regarding
a civil action filed by a former tenant of the Commerce Tower Building.
The suit alleges that asbestos fibers were released as the result of a
fire on July 22, 2000 in a suite in the building. The suit seeks
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damages for property damage, medical monitoring and relocation on theories
of negligence, nuisance and breach of contract. There is also a claim for
punitive damages. Plaintiff alleges that he brings the suit on behalf of
a class of all tenants. There have been no proceedings on the class issue.
Monitoring performed during the repair process indicated that fibers were
properly contained. The Company will vigorously defend its position and
believes the suit is without merit.
The Company is not involved in any additional material pending litigation
other than ordinary routine proceedings incidental to their business.
Item 4. Submission of Matters to a Vote of Security Holders.
The Company did not submit any matters to a vote of security holders during
the fourth quarter of 2001.
Part II
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Item 5. Market for Registrant's Common Stock and Related Security Holder
Matters.
The Company's stock is traded in the "over-the-counter" market and trading
of such stock is limited. The schedule below depicts the bid and asked
prices, as provided by an investment banking firm, in each quarter of 2001.
The "over-the-counter" market quotations shown below reflect interdealer
prices without retail markup, markdown or commissions and may not
necessarily represent actual transactions.
2001 2000
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Quarter Bid Asked Bid Asked
------- --- ----- --- -----
First $156.00 $ -- $157.00 $ --
Second 160.00 -- 149.00 --
Third 160.00 -- 159.00 --
Fourth 165.00 -- 159.00 --
There are no present or future restrictions on the ability of Registrant
to pay common stock dividends. No dividends were paid in 2001, 2000
or 1999.
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The table below shows the number of holders of record of each class of
equity securities of Registrant as of February 19, 2002:
Number of
Title of Class Security Holders
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Common stock,
$1.00 par value 394
Item 6. Selected Financial Data.
Reference is made to the caption "Selected Financial Data" on Page 30 of
Registrant's 2001 Annual Report to Stockholders for a summary of certain
financial data for the Registrant for each of its last five fiscal years.
Pursuant to General Instruction G(2) to Form 10-K and Securities Exchange
Act Rule 12b-23, the information set forth therein is incorporated herein
by reference.
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations.
Reference is made to the caption "Management's Discussion and Analysis
of Financial Condition and Results of Operations" set forth on Pages 24
through 28 of Registrant's 2001 Annual Report to Stockholders which,
pursuant to General Instruction G(2) to Form 10-K and Securities Exchange
Act Rule 12b-23, is incorporated herein by reference.
Item 7a. Market Risk Disclosure.
Reference is made to caption "Market Risk Disclosure" set forth on Page 29
of Registrant's 2001 Annual Report to Stockholders which, pursuant to
General Instruction G(2) to Form 10-K and Securities Exchange Act Rule
12b-23, is incorporated herein by reference.
Item 8. Financial Statements and Supplementary Data.
Reference is made to Pages 4 through 21 and Pages 30 through 32 of
Registrant's 2001 Annual Report to Stockholders which, pursuant to General
Instruction G(2) to Form 10-K and Securities Exchange Act Rule 12b-23, is
incorporated herein by reference.
Item 9. Changes in and Disagreements With Accountants on Accounting and
Financial Disclosures.
On May 15, 2000, Tower Properties Company dismissed Arthur Andersen LLP
and employed KPMG LLP as independent accountants to audit the financial
statements of the Company for the years ended December 31, 2001 and 2000.
This change was approved by the Board of Directors.
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The reports of Arthur Andersen LLP for the year ended December 31, 1999,
contained no adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting
principles. During the year ended December 31, 1999 and subsequent
to December 31, 1999, there have been no disagreements between Tower
Properties and Arthur Andersen.
Part III
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Item 10. Directors and Executive Officers of the Registrant.
Reference is made to the caption "Election of Directors" set forth on
Page 3 of Registrant's Proxy Statement relating to Annual Meeting of
Stockholders to be held April 10, 2002. Pursuant to General Instruction
G(2) to Form 10-K and Securities Exchange Act Rule 12b-23, information
therein relating to the names, ages, positions, terms of office, family
relationships and business experience of Registrant's directors is
incorporated herein by reference.
Item 11. Executive Compensation.
Reference is made to the captions "Summary Compensation Table" and
"Compensation Plans" set forth on Pages 8 through 10 of Registrant's Proxy
Statement relating to Annual Meeting of Stockholders to be held April 10,
2002. Pursuant to General Instruction G(2) to Form 10-K and Securities
Exchange Act Rule 12b-23, information therein is incorporated herein by
reference.
Item 12. Security Ownership of Certain Beneficial Owners and Management.
Reference is made to the caption "Security Ownership of Certain Beneficial
Owners and Management" set forth on Page 5 of Registrant's Proxy Statement
relating to Annual Meeting of Stockholders to be held April 10, 2002.
Pursuant to General Instruction G(2) to Form 10-K and Securities Exchange
Act Rule 12b-23, the information therein is incorporated herein by
reference.
Item 13. Certain Relationships and Related Transactions.
Reference is made to the caption "Transactions" set forth on Page 11 of
Registrant's Proxy Statement relating to Annual Meeting of Stockholders to
be held April 10, 2002. Pursuant to General Instruction G(2) to Form 10-K
and Securities Exchange Act Rule 12b-23, the information therein is
incorporated herein by reference.
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Part IV
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Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K.
(a) (1) Financial Statements. The following consolidated financial
--------------------
statements of the Registrant, together with the reports of
independent public accountants, contained in the Registrant's
2001 Annual Report to Stockholders are hereby incorporated
herein:
Consolidated Balance Sheets - December 31, 2001 and 2000
Consolidated Statements of Operations for the Years Ended
December 31, 2001, 2000 and 1999
Consolidated Statements of Comprehensive Income (Loss) for the
Years Ended December 31, 2001, 2000 and 1999
Consolidated Statements of Stockholders' Investment for the Years
Ended December 31, 2001, 2000 and 1999
Consolidated Statements of Cash Flows for the Years Ended
December 31, 2001, 2000 and 1999
Notes to Consolidated Financial Statements
Reports of Independent Public Accountants
Schedule III
All other schedules have been omitted because the required
information is shown in the financial statements or notes thereto,
because the amounts involved are not significant or because of the
absence of the conditions under which they are required.
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(2) Exhibits.
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Item No. Description Location
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3(a) Articles of Incorporation of Filed on March 30, 1990, as
Tower Acquisition Corp. Exhibit 3(a) to Registrant's 1989
Form 10-K (File No. 0-18261)
3(b) Bylaws of Tower Acquisition Filed on March 30, 1990, as
Corp. Exhibit 3(b) to Registrant's 1989
Form 10-K (File No. 0-18261)
3(c) Certificate of Amendment and Filed on March 30, 1990, as
Amendment of Articles of Exhibit 3(c) to Registrant's 1989
Incorporation Form 10-K (File No. 0-18261)
4(a) Conformed composite copy of Filed on March 30, 1990, as
Note Agreement and Deed of Exhibit 4(a) to Registrant's 1989
Trust dated September 21, 1972, Form 10-K (File No. 0-18261)
with respect to $8,000,000,
8 percent, due in monthly install-
ments to October, 2007
10 Hillsborough Apartment Complex Filed on January 11, 1993, as
Acquisition agreement Exhibit A to Registrant's
Form 8-K
(File No. 0-18261)
Peppertree Apartment Complex Filed on October 12, 1993, as
Acquisition agreement Exhibit A to Registrant's Form 8-K
(File No. 0-18261)
Barkley Place Office Building Filed on July 26, 1994, as
Acquisition agreement Exhibit A to Registrant's
Form 8-K
(File No. 0-18261)
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6601 College Boulevard Office Filed on February 27, 1996, as
Building acquisition agreement Exhibit A to Registrant's
Form 8-K
(File No. 0-18261)
UMB Bank Office Building Filed on February 16, 1999, as
Acquisition agreement Exhibit A to Registrant's
Form 8-K
(File No. 0-18261)
Woodlands Plaza I Office Filed on March 29, 2001, as
Building Acquisition agreement Exhibit A to Registrant's Form 8K
(File No. 0-18261)
Tower Garage Sales Agreement Filed on August 15, 2001 as
Exhibit A to Registrant's Form
10-Q (File No. 0-18261)
13 Tower Properties Company's Filed on March 05, 2002, as
Annual report to its security Exhibit 13 to Registrant's 2001
holders for the 2001 fiscal year. Form 10-K (File No. 0-18261)
Such report is furnished for the
information of the Commission and
is not to be deemed as filed as a
part of this report.
16.1 Change in Certifying Accountant Filed on March 5, 2000, as Exhibit
16.1 to Registrant's Form 8-K
(File No. 0-18261)
(b) Reports on Form 8-K. Registrant filed no required reports on Form 8-K
-------------------
during the last quarter of 2001.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
TOWER PROPERTIES COMPANY
(Registrant)
DATE: March 31, 2002 BY: /s/JAMES M. KEMPER, JR.
----------------------------------------
James M. Kemper, Jr.
Chairman and Chief Executive Officer
DATE: March 31, 2002 BY: /s/ROBERT C. HARVEY III
----------------------------------------
Robert C. Harvey III
Chief Financial Officer, Vice President
and Secretary
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of Registrant
and in the capacities and on the dates indicated.
DATE: March 31, 2002 BY: /s/DAVID W. KEMPER
----------------------------------------
David W. Kemper
Director
DATE: March 31, 2002 BY: /s/BRIAN D. EVERIST
----------------------------------------
Brian D. Everist
Director
DATE: March 31, 2002 BY: /s/JONATHAN M. KEMPER
----------------------------------------
Jonathan M. Kemper
Director
DATE: March 31, 2002 BY: /s/WILLIAM E. QUIRK
----------------------------------------
William E. Quirk
Director
DATE: March 31, 2002 BY: /s/THOMAS R. WILLARD
----------------------------------------
Thomas R. Willard
President and Director
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