---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-130497"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2023-12-29T23:59:59+00:00"
generated_at: "2026-06-07T05:53:39.934826+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Medalist Diversified REIT elects to adopt classified board structure under Maryland law

## Summary
- Board elected to be subject to Section 3-803 of the Maryland Unsolicited Takeovers Act.
- Board classified into three classes with staggered three-year terms; no stockholder vote required.
- Class I directors: David Lunin, Charles S. Pearson Jr.; term until first annual meeting.
- Class II directors: Emanuel Neuman, Timothy O'Brien; Class III: Francis P. Kavanaugh, Neil P. Farmer.
- Articles Supplementary filed with Maryland SDAT on December 29, 2023, effective upon acceptance.

## SEC filing metadata
- accession: 0001104659-23-130497
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2023-12-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000110465923130497/0001104659-23-130497-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000110465923130497/tm2333936d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-130497
- JSON: https://secwatch.observer/filing/0001104659-23-130497.json
- Plain text: https://secwatch.observer/filing/0001104659-23-130497.txt

## Key facts
- Governance Changes
  Medalist Diversified, Inc.: The board elected to be subject to Section 3-803 of the MGCL to classify the board into three classes with staggered three-year terms, reflected in Articles Supplementary filed with SDAT (effective 2023-12-29).
  - Change: charter amendment
  - Effective: 2023-12-29
  source text: On December 28, 2023, the Board of Directors (the “Board”) of Medalist Diversified REIT, Inc. (the “Company”) approved a resolution to elect for the Company to be subject to Section 3-803 of Subtitle 8 of Title 3 of the Maryland General Corporation Law (the “MGCL”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465923130497/0001104659-23-130497-index.htm

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