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Prepared and filed by St Ives Financial
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<p align="center"><font size="2" face="serif"><b>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549</b></font></p>
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<p align="center"><b><font face="serif" size="5">FORM 8-K</font></b></p>
<p align="center"><font size="2" face="serif"><b>CURRENT REPORT<br>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font></p>
<p align="center"><font size="2" face="serif">Date of Report (Date of earliest event reported):  November 15, 2005</font></p>
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<p align="center"><font size="2" face="serif"><b><font face="serif" size="6">Feldman Mall Properties, Inc.<br></font></b>(Exact name of registrant as specified in its charter)</font></p>
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<td width="32%" align="center" valign="bottom"><font size="2" face="serif">Maryland</font></td>
<td align="left" width="2%">&nbsp;</td>
<td width="32%" align="center" valign="bottom"><font size="2" face="serif">001-32365</font></td>
<td width="2%" align="left">&nbsp;</td>
<td width="32%" align="center" valign="bottom"><font size="2" face="serif">13-4284187</font></td>
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<td width="32%" align="center" valign="bottom"><font size="2" face="serif">(State or other jurisdiction of incorporation)</font></td>
<td align="left">&nbsp;</td>
<td width="32%" align="center" valign="bottom"><font size="2" face="serif">(Commission File Number)</font></td>
<td align="left">&nbsp;</td>
<td width="32%" align="center" valign="bottom"><font size="2" face="serif">(IRS Employer Identification Number)</font></td>
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<td width="32%" align="center" valign="bottom"><font size="2" face="serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td width="32%" align="center" valign="bottom"><font size="2" face="serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
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<td width="32%" align="center" valign="bottom"><font size="2" face="serif">3225 North Central Avenue, Suite 1205<br>Phoenix, Arizona</font></td>
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<td width="32%" align="center" valign="bottom"><font size="2" face="serif">&nbsp;</font></td>
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<td width="32%" align="center" valign="bottom"><font size="2" face="serif">85012</font></td>
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<td width="32%" align="center" valign="bottom"><font size="2" face="serif">(Address of principal executive offices)</font></td>
<td align="left">&nbsp;</td>
<td width="32%" align="center" valign="bottom"><font size="2" face="serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td width="32%" align="center" valign="bottom"><font size="2" face="serif">(Zip Code)</font></td>
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<p align="center"><font size="2" face="serif">Registrant&#146;s telephone number, including area code:  602-277-5559</font></p>
<p align="center"><font size="2" face="serif">N/A<br>(Former name or former address, if changed since last report.)</font></p>
<p align="left"><font size="2" face="serif">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 (see General Instruction A.2. below):</font></p>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
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<td align="left"><font size="2" face="serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></td>
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<td>&nbsp;</td>
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<td align="left"><font size="2" face="serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></td>
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<td>&nbsp;</td>
<td>&nbsp;</td> </tr>
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<td align="left"><font size="2" face="serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td>
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<td>&nbsp;</td>
<td>&nbsp;</td> </tr>
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<td align="left"><font size="2" face="serif"><img src="emptybox.gif"></font></td>
<td align="left"><font size="2" face="serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td>
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<td align="left" width="9%"><font size="2" face="serif"><b>ITEM 1.01</b></font></td>
<td align="left"><font size="2" face="serif"><b>Entry into a Material Definitive Agreement.</b></font></td>
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<p align="left"><font size="2" face="serif">On November 15, 2005, Feldman Mall
    Properties, Inc. (the &#147;Company&#148;) entered into an employment agreement
    (the &#147;Agreement&#148;) with Wayne Snyder (the &#147;Executive&#148;).
    The Agreement provides for a minimum base salary of $225,000 per year (the &#147;Annual
    Salary&#148;).  In addition to the Annual Salary, the Executive will be eligible
    to receive a bonus on May 1, 2006 in an amount of up to $87,500, on January
    1, 2007 in an amount of up to $108,333, and on each January 1 and July 1
    thereafter in an amount of up to $62,500 (collectively, the &#147;Bonus&#148;).
    The amount of any Bonus shall be determined by the Company after reviewing
    the Executive&#146;s performance, and shall be payable within ten days of
    the aforementioned dates. Concurrently with the execution of the Agreement,
    the Executive has also been granted 38,158 shares of the Company&#146;s restricted
    stock which vest ratably over five years commencing on November 1, 2005.  The Agreement may
    be terminated by the Company or the Executive upon not less than 30 days
    advance notice. If the Agreement is terminated by the Company for &#147;cause&#148; or
    by the Executive without &#147;good reason,&#148; the Executive shall receive
    certain compensation, including the Annual Salary and any accrued Bonus through
    the date of termination. If the Agreement is terminated by the Company without &#147;cause,&#148; by
    the Executive for &#147;good reason,&#148; or due to death or disability
    of the Executive, the Executive shall receive certain compensation, including
    the Annual Salary and any accrued Bonus through the date of termination,
    in an amount equal to the Bonus that would have been payable for the remainder
    of the bonus period had the termination not occurred, continuing coverage
    under group health plans for a period of two years, and full vesting of all
    outstanding equity-based awards held by the Executive. In addition, if the
    Agreement is terminated by the Company without &#147;cause&#148; or by the
    Executive for &#147;good reason&#148; prior to two years from the date of
    the Agreement, the Executive shall also be entitled to receive a lump sum
    payment of salary that the Executive would have been entitled to receive
    if the Executive had remained employed for the balance of such two-year period.
    The Agreement also contains certain non-competition, confidentiality and
    non-solicitation provisions.</font></p>
<p align="left"><font size="2" face="serif">The foregoing description of the
    Agreement is qualified in its entirety by reference thereto, a copy of which
    is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated
    by reference herein.</font></p>
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<td align="left" width="9%"><font size="2" face="serif"><b>ITEM 9.01</b></font></td>
<td align="left"><font size="2" face="serif"><b>Financial Statements and Exhibits.</b></font></td>
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<td width="3%" align="left"><font size="2" face="serif">(c)</font></td>
<td colspan="2" align="left"><font size="2" face="serif"><i>Exhibits.</i></font></td>
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<td align="left" width="3%"><font size="2" face="serif">&nbsp;</font></td>
<td align="left" width="12%"><font size="2" face="serif">Exhibit 10.1</font></td>
<td align="left"><font size="2" face="serif">Employment Agreement dated November 15, 2005, by and between Feldman Mall Properties, Inc. and Wayne Snyder.</font></td>
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<p align="center"><font face="serif" size="2">3</font></p>
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<p align="center"><font size="2" face="serif"><b>SIGNATURES</b></font></p>
<p align="left"><font size="2" face="serif">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.</font></p>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
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<td align="left" width="44%"><font size="2" face="serif">&nbsp;</font></td>
<td colspan="3" align="left"><font size="2" face="serif">FELDMAN MALL PROPERTIES, INC.</font></td>
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<td>&nbsp;</td>
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<td width="6%">&nbsp;</td>
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<td width="3%" align="left"><font size="2" face="serif">By:</font></td>
<td colspan="2" align="left"><font size="2" face="serif">/s/ Larry Feldman</font></td>
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<td width="6%" align="left"><font size="2" face="serif">Name: </font></td>
<td align="left"><font size="2" face="serif">Larry Feldman</font></td>
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<td align="left"><font size="2" face="serif">&nbsp;</font></td>
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<td width="6%" align="left"><font size="2" face="serif">Title: </font></td>
<td align="left"><font size="2" face="serif">Chairman and Chief Executive Officer</font></td>
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<p align="left"><font size="2" face="serif">Date: November 21, 2005</font></p>
<p align="center"><font face="serif" size="2">4</font></p>
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<td align="left" width="9%"><font size="2" face="serif"><b>ITEM 9.01</b></font></td>
<td align="left"><font size="2" face="serif"><b>Financial Statements and Exhibits.</b></font></td>
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  <td width="9%" align="left">&nbsp;</td>
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  <td width="9%" align="left">&nbsp;</td>
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  <tr valign="top">
    <td width="3%" align="left"><font size="2" face="serif">(c)</font></td>
    <td colspan="2" align="left"><font size="2" face="serif"><i>Exhibits.</i></font></td>
  </tr>
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    <td width="3%" align="left"><font size="2" face="serif">&nbsp;</font></td>
    <td width="12%" align="left"><font size="2" face="serif">Exhibit 10.1</font></td>
    <td align="left"><font size="2" face="serif">Employment Agreement dated November
        15, 2005, by and between Feldman Mall Properties, Inc. and Wayne Snyder.</font></td>
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Prepared and filed by St Ives Financial
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):  November 15, 2005
Feldman Mall Properties, Inc.
(Exact name of registrant as specified in its charter)
Maryland
001-32365
13-4284187
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification Number)
3225 North Central Avenue, Suite 1205
Phoenix, Arizona
85012
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:  602-277-5559
N/A
(Former name or former address, if changed since last report.)
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 (see General Instruction A.2. below):
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 1.01
Entry into a Material Definitive Agreement.
On November 15, 2005, Feldman Mall
    Properties, Inc. (the "Company") entered into an employment agreement
    (the "Agreement") with Wayne Snyder (the "Executive").
    The Agreement provides for a minimum base salary of $225,000 per year (the "Annual
    Salary").  In addition to the Annual Salary, the Executive will be eligible
    to receive a bonus on May 1, 2006 in an amount of up to $87,500, on January
    1, 2007 in an amount of up to $108,333, and on each January 1 and July 1
    thereafter in an amount of up to $62,500 (collectively, the "Bonus").
    The amount of any Bonus shall be determined by the Company after reviewing
    the Executive's performance, and shall be payable within ten days of
    the aforementioned dates. Concurrently with the execution of the Agreement,
    the Executive has also been granted 38,158 shares of the Company's restricted
    stock which vest ratably over five years commencing on November 1, 2005.  The Agreement may
    be terminated by the Company or the Executive upon not less than 30 days
    advance notice. If the Agreement is terminated by the Company for "cause" or
    by the Executive without "good reason," the Executive shall receive
    certain compensation, including the Annual Salary and any accrued Bonus through
    the date of termination. If the Agreement is terminated by the Company without "cause," by
    the Executive for "good reason," or due to death or disability
    of the Executive, the Executive shall receive certain compensation, including
    the Annual Salary and any accrued Bonus through the date of termination,
    in an amount equal to the Bonus that would have been payable for the remainder
    of the bonus period had the termination not occurred, continuing coverage
    under group health plans for a period of two years, and full vesting of all
    outstanding equity-based awards held by the Executive. In addition, if the
    Agreement is terminated by the Company without "cause" or by the
    Executive for "good reason" prior to two years from the date of
    the Agreement, the Executive shall also be entitled to receive a lump sum
    payment of salary that the Executive would have been entitled to receive
    if the Executive had remained employed for the balance of such two-year period.
    The Agreement also contains certain non-competition, confidentiality and
    non-solicitation provisions.
The foregoing description of the
    Agreement is qualified in its entirety by reference thereto, a copy of which
    is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated
    by reference herein.
2
ITEM 9.01
Financial Statements and Exhibits.
(c)
Exhibits.
Exhibit 10.1
Employment Agreement dated November 15, 2005, by and between Feldman Mall Properties, Inc. and Wayne Snyder.
3
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.
FELDMAN MALL PROPERTIES, INC.
By:
/s/ Larry Feldman
Name:
Larry Feldman
Title:
Chairman and Chief Executive Officer
Date: November 21, 2005
4
ITEM 9.01
Financial Statements and Exhibits.
(c)
Exhibits.
Exhibit 10.1
Employment Agreement dated November
        15, 2005, by and between Feldman Mall Properties, Inc. and Wayne Snyder.
5