Medalist Diversified REIT declares Series A preferred dividends, expands stock buyback, appoints permanent CEO

Medalist Diversified, Inc.

Q2 and Q3 2023 Series A Preferred dividend declared at $0.50/share per quarter; payable Nov 1, 2023 to holders of record Oct 30, 2023.
Board authorized 200,000-share increase to common stock repurchase program at max price $6.00/share; total 228,991 shares available.
Francis P. Kavanaugh appointed permanent CEO, President, and Secretary; previously served as interim since July 2023.
Company expects to resume regular dividend payments on Series A Preferred Stock after prior suspension.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Francis P. Kavanaugh

President, Chief Executive Officer and Secretary

MDRR · Medalist Diversified, Inc.

Effective: 2023-10-18
Filed: October 19, 2023, 7:59 PM ET

On October 18, 2023, the Board of Directors (the “Board”) of Medalist Diversified REIT, Inc. (the “Company”) appointed Francis P. Kavanaugh as the Company’s President, Chief Executive Officer (“CEO”) and Secretary on a permanent basis.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Francis P. Kavanaugh was appointed as President, Chief Executive Officer and Secretary at Medalist Diversified, Inc..

Action: appointed
Role: President, Chief Executive Officer and Secretary

Exact text from the filing

On October 18, 2023, the Board of Directors (the “Board”) of Medalist Diversified REIT, Inc. (the “Company”) appointed Francis P. Kavanaugh as the Company’s President, Chief Executive Officer (“CEO”) and Secretary on a permanent basis.

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Medalist Diversified, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-110122

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