UNITED STATES
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): December 2, 2009
MHI HOSPITALITY CORPORATION
(Exact Name of Registrant as Specified in its Charter)
| Maryland | 001-32379 | 20-1531029 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
410 W. Francis Street
Williamsburg, Virginia 23185
(757) 229-5648
(Address, including Zip Code and Telephone Number, including
Area Code, of Principal Executive Offices)
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)) |
| Item 8.01 | Other Events |
On November 30, 2009, the offering period of MHI Hospitality Corporation’s previously announced rights offering expired. On December 2, 2009, MHI Hospitality Corporation announced the results of its common stock rights offering. As a result of the rights offering, MHI Hospitality Corporation has issued 2,132,021 shares of its common stock, at a subscription price of $1.60 per share and for gross proceeds of approximately $3.4 million to the holders of record as of the close of business on October 14, 2009 who exercised their rights pursuant to the basic and over-subscription privileges. A copy of the press release announcing the results of the rights offering is included as Exhibit 99.1 to this Form 8-K report and is incorporated by reference herein.
The information contained in this Form 8-K, including the exhibit attached hereto, are provided pursuant to Item 8.01 of Form 8-K and shall not be deemed “filed” hereunder for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| 99.1 | Press release by MHI Hospitality Corporation announcing completion of its rights offering dated December 2, 2009. |
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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.
Date: December 2, 2009
| MHI HOSPITALITY CORPORATION | ||
| By: | /S/ ANDREW M. SIMS | |
| Name: | Andrew M. Sims | |
| Title: | President and Chief Executive Officer | |
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Exhibit List
| 99.1 | Press release by MHI Hospitality Corporation announcing completion of its rights offering dated December 2, 2009. |
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