SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15b-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September, 2005
CRESUD SOCIEDAD ANONIMA COMERCIAL INMOBILIARIA
FINANCIERA Y AGROPECUARIA
(Exact name of Registrant as specified in its charter)
CRESUD INC.
(Translation of registrant’s name into English)
Republic of Argentina
(Jurisdiction of incorporation or organization)
Moreno 877, 23rd Floor, (C1091AAQ)
Buenos Aires, Argentina
(Address of principal executive offices)
Form 20-F T Form 40-F
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No T
CRESUD S.A.C.I.F. and A
(THE “COMPANY”)
REPORT ON FORM 6-K
The Company informs that some of its directors who are also directors of Banco Hipotecario are subject to two proceedings (a “sumario”) initiated by the CNV to them on July 22 and on August 25, 2005 in connection with certain payments made in 2005 to the members of Banco Hipotecario executive committee under their Management Compensation Plan. The Banco Hipotecario Shareholders’ Meeting held last August 31 ratify and approved such payments and all the measures taken by the directors in connection with the payments. Notwithstanding the foregoing, the Company believes that such proceedings would not have a material adverse effect on its directors or impact in the Company results and operations.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.
CRESUD SOCIEDAD ANONIMA COMERCIAL INMOBILIARIA
FINANCIERA Y AGROPECUARIA
| By: |
/S/ Saúl Zang | |
| Name: |
Saúl Zang | |
| Title: |
Vice Chairman of the Board of Directors |
Dated: September 16, 2005