Need to convert date and time returned from Events+ class to a more readable format

When I use the Events+ class to return the start_date for an event, it returns it as:

2014-06-19 18:00:00

I need to either convert this, or find a way for it to return at least:

June 6th, 2014 6:00PM but ultimately split the date and time into two variables so I can display it like:

Date: June 6th, 2014
Time: 6:00PM

My General settings on wordpress use this format, so it seems like this must just be the way that Events+ stores the date and time.