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): March 18, 2004 ACADIA REALTY TRUST (Exact name of registrant as specified in its charter) Maryland 1-12002 23-2715194 (State or other (Commission (I.R.S. Employer jurisdictionof File Number) Identification No.) incorporation) 1311 Mamaroneck Avenue, Suite 260 White Plains, New York 10605 (Address of principal executive offices) (Zip Code) (914) 288-8100 (Registrant's telephone number, including area code) (Former name or former address, if changed since last report) ITEM 5. Other Events On March 18, 2004, the Registrant issued a press release announcing the continuation of its corporate governance initiatives. In connection with the Registrant's efforts to transition to an independent Board of Trustees (the "Board"), the Registrant announced that Martin Edelman, Gregory White, Marvin Levine and Lawrence Longua will not stand for re-election to the Board at the next annual meeting of the Registrant's shareholders. The Registrant also announced that Ross Dworman, former Chairman and Chief Executive Officer, has, as of March 17, 2004, resigned as a trustee and exercised all of his outstanding share options. A copy of the press release dated March 18, 2004 is attached hereto as exhibit 99.1. ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits 99.1 Press release dated March 18, 2004 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. ACADIA REALTY TRUST (Registrant) Date: March 18, 2004 By: /s/ Michael Nelsen --------------------- Name: Michael Nelsen Title: Sr. Vice President and Chief Financial Officer 2