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<head><title>REAL ESTATE ASSOCIATES LIMITED VII - 8-K filing</title> </head> <body style="MARGIN-TOP:0px; FONT-FAMILY:Times New Roman; COLOR:#000000; FONT-SIZE:10pt"> <div style=WIDTH:720px> <p style="LINE-HEIGHT:4pt; MARGIN-TOP:4px; MARGIN-BOTTOM:0px; BORDER-TOP:#000000 9px double; PADDING-TOP:4px" align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; FONT-FAMILY:Times New Roman Bold,Times New Roman; FONT-SIZE:18pt" align=center><b>UNITED STATES</b></p> <p style="MARGIN:0px; FONT-FAMILY:Times New Roman Bold,Times New Roman; FONT-SIZE:18pt" align=center><b>SECURITIES AND EXCHANGE COMMISSION</b></p> <p style=MARGIN:0px align=center><b>Washington, D.C. 20549</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=center>_______________</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; FONT-SIZE:18pt" align=center><b>FORM 8-K</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=center><b>CURRENT REPORT PURSUANT</b></p> <p style=MARGIN:0px align=center><b>TO SECTION 13 OR 15 (d) OF THE</b></p> <p style=MARGIN:0px align=center><b>SECURITIES EXCHANGE ACT OF 1934</b></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><b>Date of report (Date of earliest event reported): October 3, 2013</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; FONT-SIZE:22pt" align=center><b>REAL ESTATE ASSOCIATES LIMITED VII<a name=_GoBack /></b></p> <p style=MARGIN:0px align=center><b>(Exact name of registrant as specified in its charter)</b></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=justify><br></p></div> <table style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr height=0 style=FONT-SIZE:0px> <td width=1> <td width=243> <td width=122> <td width=122> <td width=243> <td width=1 /> </tr><tr> <td width=244 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><b>California</b></p></td> <td width=244 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><b>0-13810</b></p></td> <td width=244 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><b>95-3290316</b></p></td></tr> <tr> <td width=244 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>(State or Other Jurisdiction of</p></td> <td width=244 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>(Commission File Number)</p></td> <td width=244 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>(I.R.S. Employer</p></td></tr> <tr> <td width=244 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>Incorporation)</p></td> <td width=244 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=244 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>Identification No.)</p></td></tr> <tr> <td width=1 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=366 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=367 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td width=1 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=733 colspan=5 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><b>P.O. Box 91274</b></p> <p style=MARGIN:0px align=center><b>Los Angeles, California 90009</b></p></td></tr> <tr> <td width=1 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=733 colspan=5 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>(Address of Principal Executive Offices, including zip code)</p></td></tr> <tr> <td width=1 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=733 colspan=5 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr></table> <div style=WIDTH:720px> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px><b>Registrant&#146;s Telephone Number, Including Area Code: &nbsp;(720) 387-8135</b></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-TOP:5px; MARGIN-BOTTOM:5px">Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </p> <p style="MARGIN-TOP:5px; MARGIN-BOTTOM:5px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY:Wingdings; FONT-SIZE:8pt">&#168;</font> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </p> <p style="MARGIN-TOP:5px; MARGIN-BOTTOM:5px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY:Wingdings; FONT-SIZE:8pt">&#168;</font> &nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p> <p style="MARGIN-TOP:5px; MARGIN-BOTTOM:5px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY:Wingdings; FONT-SIZE:8pt">&#168;</font> &nbsp;Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </p> <p style="MARGIN-TOP:5px; MARGIN-BOTTOM:5px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY:Wingdings; FONT-SIZE:8pt">&#168;</font> &nbsp;Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <hr size=1 noshade style="MARGIN-BOTTOM:9px; PADDING-TOP:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br>&nbsp;</p> <p style="LINE-HEIGHT:4pt; MARGIN-TOP:4px; MARGIN-BOTTOM:0px; BORDER-TOP:#000000 9px double; PADDING-TOP:4px" align=justify><br></p> <p style="MARGIN-TOP:0px; WIDTH:96px; MARGIN-BOTTOM:-2px; FLOAT:left"><b>Item 5.02</b></p> <p style="TEXT-INDENT:-2px; MARGIN:0px"><b>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</b></p> <p style="MARGIN:0px; CLEAR:left"><br></p> <p style=MARGIN:0px>Real Estate Associates Limited VII (the &#147;Partnership&#148;) announced that, effective October 3, 2013, Mr. Edward Schmidt has resigned as the Director of Reporting and the equivalent of chief financial officer of the Partnership, and will continue to serve in various roles with the corporate general partner of the Partnership.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>Additionally, effective October 3, 2013, the sole member of the corporate general partner of the Partnership has appointed Mr. Joseph Dryden as the Director of Reporting of the general partner of the Partnership and of Bethesda Holdings, II, LLC, and the Chief Financial Officer of the Partnership. &nbsp;Since August 1, 2013, Mr. Dryden has worked with McGrath Investment Management, LLC, most recently as CFO. &nbsp;Mr. Dryden joins the Partnertship from Republic-Financial, a multinational finance and private equity firm he joined in March 2010, where he served as Republic&#146;s Corporate Controller. As the Corporate Controller, Mr. Dryden was responsible for the development and management of highly complex multi-level consolidated audited financial statements. Prior to Republic, Mr. Dryden was the CFO for Decision Display, a Denver based audio visual company specializing in high tech command centers and control rooms he joined in 2005. In this role Mr. Dryden was responsible for all accounting and finance functions including all financial reporting, detailed cash management and forecasting and also managed the company&#146;s banking relationships. Additionally, [from 2007 to2010 Mr. Dryden was the President of Dryden Consulting, an accounting and management consulting firm specializing in GAAP and SEC reporting, internal and external audit assistance and Sarbanes-Oxley compliance.&nbsp; Dryden Consulting&#146;s client list included 1st Data, AIMCO, Crocs, Woodward Governor, McData, and several other large publicly traded companies. Mr. Dryden&#146;s expertise in GAAP financial reporting, SEC reporting, cash management and process improvement will enable him to create immediate value for the company.&nbsp; Mr. Dryden received a Bachelor of Arts Degree in Accounting from Clarke University in 1984.</p> <p style="MARGIN-TOP:8px; MARGIN-BOTTOM:0px" align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=justify><br></p> <p style="TEXT-INDENT:358px; MARGIN:0px" align=justify>1</p> <p style=MARGIN:0px align=justify><br></p> <hr size=1 noshade style="MARGIN-BOTTOM:9px; PADDING-TOP:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=center><b>SIGNATURE</b></p> <p style=MARGIN:0px align=justify><br></p> <p style="TEXT-INDENT:19px; MARGIN:0px">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.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <table style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr height=0 style=FONT-SIZE:0px> <td width=283> <td width=402 /> </tr><tr> <td width=283 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=402 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>REAL ESTATE ASSOCIATES LIMITED VII</p></td></tr> <tr> <td width=283 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=402 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td width=283 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=402 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td width=283 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=402 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; TEXT-INDENT:70px; WIDTH:118px; MARGIN-BOTTOM:-2px; FLOAT:left">By:</p> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:70px">National Partnership Investments, LLC</p> <p style="TEXT-INDENT:48px; MARGIN:0px; PADDING-LEFT:70px; CLEAR:left">Corporate General Partner</p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; PADDING-LEFT:70px">By: &nbsp;<u>/s/ Brian Flaherty&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p></td></tr> <tr> <td width=283 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=402 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:70px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brian Flaherty</p></td></tr> <tr> <td width=283 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td> <td width=402 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:70px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Managing Director</p></td></tr></table> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; PADDING-LEFT:336px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DATED: &nbsp;October 4, 2013</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p></div></body>
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REAL ESTATE ASSOCIATES LIMITED VII - 8-K filing
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): October 3, 2013
REAL ESTATE ASSOCIATES LIMITED VII
(Exact name of registrant as specified in its charter)
California
0-13810
95-3290316
(State or Other Jurisdiction of
(Commission File Number)
(I.R.S. Employer
Incorporation)
Identification No.)
P.O. Box 91274
Los Angeles, California 90009
(Address of Principal Executive Offices, including zip code)
Registrant's Telephone Number, Including Area Code:  (720) 387-8135
Check the appropriate box below if the Form 8-K 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 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Real Estate Associates Limited VII (the "Partnership") announced that, effective October 3, 2013, Mr. Edward Schmidt has resigned as the Director of Reporting and the equivalent of chief financial officer of the Partnership, and will continue to serve in various roles with the corporate general partner of the Partnership.
Additionally, effective October 3, 2013, the sole member of the corporate general partner of the Partnership has appointed Mr. Joseph Dryden as the Director of Reporting of the general partner of the Partnership and of Bethesda Holdings, II, LLC, and the Chief Financial Officer of the Partnership.  Since August 1, 2013, Mr. Dryden has worked with McGrath Investment Management, LLC, most recently as CFO.  Mr. Dryden joins the Partnertship from Republic-Financial, a multinational finance and private equity firm he joined in March 2010, where he served as Republic's Corporate Controller. As the Corporate Controller, Mr. Dryden was responsible for the development and management of highly complex multi-level consolidated audited financial statements. Prior to Republic, Mr. Dryden was the CFO for Decision Display, a Denver based audio visual company specializing in high tech command centers and control rooms he joined in 2005. In this role Mr. Dryden was responsible for all accounting and finance functions including all financial reporting, detailed cash management and forecasting and also managed the company's banking relationships. Additionally, [from 2007 to2010 Mr. Dryden was the President of Dryden Consulting, an accounting and management consulting firm specializing in GAAP and SEC reporting, internal and external audit assistance and Sarbanes-Oxley compliance.  Dryden Consulting's client list included 1st Data, AIMCO, Crocs, Woodward Governor, McData, and several other large publicly traded companies. Mr. Dryden's expertise in GAAP financial reporting, SEC reporting, cash management and process improvement will enable him to create immediate value for the company.  Mr. Dryden received a Bachelor of Arts Degree in Accounting from Clarke University in 1984.
1
SIGNATURE
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.
REAL ESTATE ASSOCIATES LIMITED VII
By:
National Partnership Investments, LLC
Corporate General Partner
By:
/s/ Brian Flaherty
Brian Flaherty
Senior Managing Director
DATED:  October 4, 2013