<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, DC 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): October&nbsp;28, 2013 (October 22, 2013) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Cole Real Estate Investments, Inc.</B> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of Registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Maryland</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-35974</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>26-1846406</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>incorporation or organization)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission File Number)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(I.R.S. Employer Identification No.)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2325 East Camelback Road, Suite 1100 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Phoenix, Arizona 85016 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address, including zip code, of principal executive offices) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(602) 778-8700 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As previously reported in a Current Report on Form 8-K filed on October 23,
2013 (the &#147;October 23rd Form 8-K&#148;) with the Securities and Exchange Commission (the &#147;Commission&#148;), on October 22, 2013, Cole Real Estate Investments, Inc. (the &#147;Company&#148;), entered into an Agreement and Plan of Merger
(the &#147;Merger Agreement&#148;) with American Realty Capital Properties, Inc. (&#147;ARCP&#148;) and Clark Acquisition Company, LLC, a direct wholly owned subsidiary of ARCP (&#147;Merger Sub&#148;), pursuant to which the Company will merge with
and into Merger Sub (the &#147;Merger&#148;), with Merger Sub surviving as a direct wholly owned subsidiary of ARCP. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Concurrently with
the execution of the Merger Agreement, Christopher H. Cole, the Company&#146;s Executive Chairman of the Board, Marc T. Nemer, the Company&#146;s Chief Executive Officer, Jeffrey C. Holland, the Company&#146;s President and Chief Operating Officer,
Stephan Keller, the Company&#146;s Executive Vice President, Chief Financial Officer and Treasurer, and D. Kirk McAllaster, Jr., the Company&#146;s Executive Vice President (collectively, the &#147;Executives&#148;) entered into letter agreements
with the Company and ARCP (collectively, the &#147;Letter Agreements&#148;), pursuant to which each of them has agreed, among other things, to certain arrangements in connection with closing of the Merger and the payment of amounts to which they are
entitled under their respective employment agreements and/or the Agreement and Plan of Merger dated as of March 5, 2013, by and among the Company, CREInvestments, LLC, Cole Holdings Corporation (&#147;Cole Holdings&#148;) and Christopher H. Cole
(the &#147;Cole Holdings Merger Agreement&#148;), pursuant to which the Company acquired Cole Holdings on April 5, 2013 (the &#147;Cole Holdings Merger&#148;), and under which the Executives may be entitled to certain amounts payable by the Company,
defined as the &#147;Incentive Consideration&#148; and the &#147;Contingent Consideration&#148; in the Cole Holdings Merger Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the Letter Agreements, within three business days after the Merger is consummated, ACRP will pay each Executive a specified amount in
respect of the Incentive Consideration and Contingent Consideration (or bonus entitlements in respect thereof) that remain payable pursuant to the Cole Holdings Merger Agreement. That amount is $217,544,614 for Mr.&nbsp;Cole, $38,390,226 for
Mr.&nbsp;Nemer, $9,421,000 each for Messrs.&nbsp;Holland and Keller and $5,223,160 for Mr.&nbsp;McAllaster (collectively, the &#147;Holdings Merger Payments&#148;). The Holdings Merger Payments will be paid in shares of ARCP common stock, valued
based on the volume weighted average closing sale price per share of ARCP common stock on the NASDAQ Stock Market over the 10 consecutive trading days ending the trading day immediately before the date that the Merger is consummated. If the Merger
is consummated after the Incentive Consideration (or bonus entitlements in respect thereof) has already been paid to the Executives, for each Executive, the Holdings Merger Payment will be offset dollar-for-dollar by the amount of the Incentive
Consideration (or bonus entitlements in respect thereof) paid to such Executive. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Letter Agreements also provide that the shares of
ARCP common stock issued to the Executives in connection with the Merger (including the shares of ARCP common stock issued in respect of the Holdings Merger Payments and shares of Company common stock held by the Executives as of the consummation of
the Merger) will be deemed to be &#147;Registrable Securities&#148; pursuant to, and subject to the terms of, the Registration Rights Agreement, dated as of April&nbsp;5, 2013 (the &#147;Registration Rights Agreement&#148;), attached as Exhibit 10.1
to the Company&#146;s Current Report on Form 8-K filed on April&nbsp;11, 2013 with the Commission, will be deemed to be Registrable Securities pursuant to, and subject to the terms of, the Registration Rights Agreement, including the transfer
restrictions set forth in the Registration Rights Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 2 - </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Such transfer restrictions generally prohibit the transfer of (a)&nbsp;one-third (1/3)&nbsp;of the Registrable Securities to be issued to the Executives in respect of certain shares of Company
common stock that the Executives received pursuant to the Cole Holdings Merger Agreement (and bonus entitlements in respect thereof) until April&nbsp;5, 2014, (b)&nbsp;one-third (1/3)&nbsp;of such Registrable Securities until April&nbsp;5, 2015 and
(c)&nbsp;the remaining one-third (1/3)&nbsp;of such Registrable Securities until April&nbsp;5, 2016. The shares of ARCP common stock issued pursuant to the Holdings Merger Payments that are not attributable to Incentive Consideration under the Cole
Holdings Merger Agreement will be released from transfer restrictions under the Registration Rights Agreement (which generally prohibits transfer of such shares until December&nbsp;31, 2017) on a quarterly basis on the last day of each calendar
quarter, beginning with the first full calendar quarter following the consummation of the Merger through December&nbsp;31, 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Letter Agreements also provide for the conversion of shares of Company common stock held in an escrow account for the satisfaction of certain potential retention and indemnification claims under the Cole Holdings Merger Agreement into shares of ARCP
common stock or cash, depending on the applicable Executive&#146;s election under the terms of the Merger Agreement which will remain on deposit with the escrow agent in accordance with and subject to the terms of the indemnification escrow
agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Letter Agreements with Messrs. Cole and Nemer included additional terms relating to their separation from the Company
(which will be treated as a termination without cause within two years following a change in control under their respective employment agreements) in connection with the consummation of the Merger and the payment of amounts to which they are
entitled under their respective employment agreements and the Merger Agreement. In consideration of payments and benefits to which they are entitled under their employment agreements and the Letter Agreements, Messrs. Cole and Nemer each agreed to
execute and deliver a release of claims in favor of the Company, ARCP and their respective affiliates. Additionally, the Letter Agreements with Messrs. Cole and Nemer include (i)&nbsp;non-disparagement covenants that are effective until the third
anniversary of the consummation of the Merger and (ii)&nbsp;a standstill, effective until the third anniversary of each of their Letter Agreements unless the Merger Agreement is terminated, on acquiring securities of or soliciting proxies with
respect to the Company, ARCP, their respective subsidiaries and affiliates, or certain investment vehicles sponsored or advised by those entities, subject to fiduciary obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, the Letter Agreement with Mr.&nbsp;Cole provides that, subject to the terms of the Merger Agreement, Mr.&nbsp;Cole, together with
his affiliates, will be entitled to elect to receive cash consideration in the Merger in respect of up to 20% of all of the shares of Company common stock held by Mr.&nbsp;Cole and his affiliates. Mr.&nbsp;Cole also agreed that after the Merger is
consummated, he will not register or use names or trademarks that would be confusingly similar to certain marks of the Company and its subsidiaries. The Letter Agreement with Mr.&nbsp;Cole also amended the scope of the non-competition covenant under
the Cole Holdings Merger Agreement and modified the non-competition period so that it applies five years after the consummation of the Merger, rather than five years after the consummation of the Cole Holdings Merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Copies of the Letter Agreements with Messrs. Cole and Nemer are attached as Exhibits 99.3 and 99.4 to the October 23rd Form 8-K and are
incorporated herein by reference. Copies of the Letter Agreements with Messrs. Holland, Keller and McAllaster are attached hereto as Exhibits 10.1, 10.2 and 10.3 respectively, and are incorporated herein by reference. The foregoing summary
description of the material terms of the Letter Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter Agreements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.01 Other Events. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information
provided in Item 5.02 is hereby incorporated by reference into this Item 8.01. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 3 - </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01. Financial Statements and Exhibits. </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(d)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Exhibits </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:39.10pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and Jeffrey C. Holland</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and Stephan Keller</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and D. Kirk McAllaster, Jr.</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 4 - </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">COLE REAL ESTATE INVESTMENTS, INC.</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">October&nbsp;28, 2013</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Stephan Keller</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Name:</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:10pt">Stephan Keller</FONT></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Title:</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:10pt">Chief Financial Officer</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 5 - </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit Index </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:39.10pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and Jeffrey C. Holland</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and Stephan Keller</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and D. Kirk McAllaster, Jr.</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 6 - </P>

</BODY></HTML>
[{"type": "8-K", "sequence": "1", "filename": "d617704d8k.htm", "description": "8-K", "secsgml_size_bytes": 25341}]
{"company-data": {"conformed-name": "Cole Real Estate Investments, Inc.", "cik": "0001425923", "assigned-sic": "6798", "irs-number": "261846406", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-35974", "film-number": "131174044"}, "business-address": {"street1": "2325 EAST CAMELBACK ROAD", "street2": "SUITE 1100", "city": "PHOENIX", "state": "AZ", "zip": "85016", "phone": "602-778-8700"}, "mail-address": {"street1": "2325 EAST CAMELBACK ROAD", "street2": "SUITE 1100", "city": "PHOENIX", "state": "AZ", "zip": "85016"}, "former-company": [{"former-conformed-name": "Cole Credit Property Trust III, Inc.", "date-changed": "20080506"}, {"former-conformed-name": "Cole Retail Income Trust, Inc.", "date-changed": "20080201"}]}
8-K
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): October 28, 2013 (October 22, 2013)
Cole Real Estate Investments, Inc.
(Exact name of Registrant as specified in its charter)
Maryland
001-35974
26-1846406
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
2325 East Camelback Road, Suite 1100
Phoenix, Arizona 85016
(Address, including zip code, of principal executive offices)
(602) 778-8700
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:
x
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.
As previously reported in a Current Report on Form 8-K filed on October 23,
2013 (the "October 23rd Form 8-K") with the Securities and Exchange Commission (the "Commission"), on October 22, 2013, Cole Real Estate Investments, Inc. (the "Company"), entered into an Agreement and Plan of Merger
(the "Merger Agreement") with American Realty Capital Properties, Inc. ("ARCP") and Clark Acquisition Company, LLC, a direct wholly owned subsidiary of ARCP ("Merger Sub"), pursuant to which the Company will merge with
and into Merger Sub (the "Merger"), with Merger Sub surviving as a direct wholly owned subsidiary of ARCP.
Concurrently with
the execution of the Merger Agreement, Christopher H. Cole, the Company's Executive Chairman of the Board, Marc T. Nemer, the Company's Chief Executive Officer, Jeffrey C. Holland, the Company's President and Chief Operating Officer,
Stephan Keller, the Company's Executive Vice President, Chief Financial Officer and Treasurer, and D. Kirk McAllaster, Jr., the Company's Executive Vice President (collectively, the "Executives") entered into letter agreements
with the Company and ARCP (collectively, the "Letter Agreements"), pursuant to which each of them has agreed, among other things, to certain arrangements in connection with closing of the Merger and the payment of amounts to which they are
entitled under their respective employment agreements and/or the Agreement and Plan of Merger dated as of March 5, 2013, by and among the Company, CREInvestments, LLC, Cole Holdings Corporation ("Cole Holdings") and Christopher H. Cole
(the "Cole Holdings Merger Agreement"), pursuant to which the Company acquired Cole Holdings on April 5, 2013 (the "Cole Holdings Merger"), and under which the Executives may be entitled to certain amounts payable by the Company,
defined as the "Incentive Consideration" and the "Contingent Consideration" in the Cole Holdings Merger Agreement.
Under the Letter Agreements, within three business days after the Merger is consummated, ACRP will pay each Executive a specified amount in
respect of the Incentive Consideration and Contingent Consideration (or bonus entitlements in respect thereof) that remain payable pursuant to the Cole Holdings Merger Agreement. That amount is $217,544,614 for Mr. Cole, $38,390,226 for
Mr. Nemer, $9,421,000 each for Messrs. Holland and Keller and $5,223,160 for Mr. McAllaster (collectively, the "Holdings Merger Payments"). The Holdings Merger Payments will be paid in shares of ARCP common stock, valued
based on the volume weighted average closing sale price per share of ARCP common stock on the NASDAQ Stock Market over the 10 consecutive trading days ending the trading day immediately before the date that the Merger is consummated. If the Merger
is consummated after the Incentive Consideration (or bonus entitlements in respect thereof) has already been paid to the Executives, for each Executive, the Holdings Merger Payment will be offset dollar-for-dollar by the amount of the Incentive
Consideration (or bonus entitlements in respect thereof) paid to such Executive.
The Letter Agreements also provide that the shares of
ARCP common stock issued to the Executives in connection with the Merger (including the shares of ARCP common stock issued in respect of the Holdings Merger Payments and shares of Company common stock held by the Executives as of the consummation of
the Merger) will be deemed to be "Registrable Securities" pursuant to, and subject to the terms of, the Registration Rights Agreement, dated as of April 5, 2013 (the "Registration Rights Agreement"), attached as Exhibit 10.1
to the Company's Current Report on Form 8-K filed on April 11, 2013 with the Commission, will be deemed to be Registrable Securities pursuant to, and subject to the terms of, the Registration Rights Agreement, including the transfer
restrictions set forth in the Registration Rights Agreement.
- 2 -
Such transfer restrictions generally prohibit the transfer of (a) one-third (1/3) of the Registrable Securities to be issued to the Executives in respect of certain shares of Company
common stock that the Executives received pursuant to the Cole Holdings Merger Agreement (and bonus entitlements in respect thereof) until April 5, 2014, (b) one-third (1/3) of such Registrable Securities until April 5, 2015 and
(c) the remaining one-third (1/3) of such Registrable Securities until April 5, 2016. The shares of ARCP common stock issued pursuant to the Holdings Merger Payments that are not attributable to Incentive Consideration under the Cole
Holdings Merger Agreement will be released from transfer restrictions under the Registration Rights Agreement (which generally prohibits transfer of such shares until December 31, 2017) on a quarterly basis on the last day of each calendar
quarter, beginning with the first full calendar quarter following the consummation of the Merger through December 31, 2017.
The
Letter Agreements also provide for the conversion of shares of Company common stock held in an escrow account for the satisfaction of certain potential retention and indemnification claims under the Cole Holdings Merger Agreement into shares of ARCP
common stock or cash, depending on the applicable Executive's election under the terms of the Merger Agreement which will remain on deposit with the escrow agent in accordance with and subject to the terms of the indemnification escrow
agreement.
The Letter Agreements with Messrs. Cole and Nemer included additional terms relating to their separation from the Company
(which will be treated as a termination without cause within two years following a change in control under their respective employment agreements) in connection with the consummation of the Merger and the payment of amounts to which they are
entitled under their respective employment agreements and the Merger Agreement. In consideration of payments and benefits to which they are entitled under their employment agreements and the Letter Agreements, Messrs. Cole and Nemer each agreed to
execute and deliver a release of claims in favor of the Company, ARCP and their respective affiliates. Additionally, the Letter Agreements with Messrs. Cole and Nemer include (i) non-disparagement covenants that are effective until the third
anniversary of the consummation of the Merger and (ii) a standstill, effective until the third anniversary of each of their Letter Agreements unless the Merger Agreement is terminated, on acquiring securities of or soliciting proxies with
respect to the Company, ARCP, their respective subsidiaries and affiliates, or certain investment vehicles sponsored or advised by those entities, subject to fiduciary obligations.
In addition, the Letter Agreement with Mr. Cole provides that, subject to the terms of the Merger Agreement, Mr. Cole, together with
his affiliates, will be entitled to elect to receive cash consideration in the Merger in respect of up to 20% of all of the shares of Company common stock held by Mr. Cole and his affiliates. Mr. Cole also agreed that after the Merger is
consummated, he will not register or use names or trademarks that would be confusingly similar to certain marks of the Company and its subsidiaries. The Letter Agreement with Mr. Cole also amended the scope of the non-competition covenant under
the Cole Holdings Merger Agreement and modified the non-competition period so that it applies five years after the consummation of the Merger, rather than five years after the consummation of the Cole Holdings Merger.
Copies of the Letter Agreements with Messrs. Cole and Nemer are attached as Exhibits 99.3 and 99.4 to the October 23rd Form 8-K and are
incorporated herein by reference. Copies of the Letter Agreements with Messrs. Holland, Keller and McAllaster are attached hereto as Exhibits 10.1, 10.2 and 10.3 respectively, and are incorporated herein by reference. The foregoing summary
description of the material terms of the Letter Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter Agreements.
8.01 Other Events.
The information
provided in Item 5.02 is hereby incorporated by reference into this Item 8.01.
- 3 -
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description
10.1
Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and Jeffrey C. Holland
10.2
Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and Stephan Keller
10.3
Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and D. Kirk McAllaster, Jr.
- 4 -
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.
COLE REAL ESTATE INVESTMENTS, INC.
October 28, 2013
By:
/s/ Stephan Keller
Name:
Stephan Keller
Title:
Chief Financial Officer
- 5 -
Exhibit Index
Exhibit No.
Description
10.1
Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and Jeffrey C. Holland
10.2
Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and Stephan Keller
10.3
Letter Agreement, dated as of October 22, 2013, by and among American Realty Capital Properties, Inc., Cole Real Estate Investments, Inc. and D. Kirk McAllaster, Jr.
- 6 -