---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-110122"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T20:52:11.307846+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-110122
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000110465923110122/0001104659-23-110122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000110465923110122/tm2328802d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-110122
- JSON: https://secwatch.observer/filing/0001104659-23-110122.json
- Plain text: https://secwatch.observer/filing/0001104659-23-110122.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465923110122/0001104659-23-110122-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.