---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-075174"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2026-06-17T20:30:42+00:00"
generated_at: "2026-06-17T20:32:46.751380+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Medalist Diversified enters agreement to sell Brookfield Center for $10.25M; stockholders approve NOL charter amendment

## Summary
- Property: 64,880 sq ft flex-industrial in Greenville, SC; purchase price $10.25M; expected close within 45 days.
- Earnest money deposit $150k; buyer Person Street Partners GP Fund I, L.P.
- Stockholders approved charter amendment restricting transfers above 4.9% to protect NOL/NCL tax benefits.
- At annual meeting, directors Kavanaugh and Farmer elected; say-on-pay and auditor ratification passed.
- Quorum 65% (928,583 of 1,428,500 shares present).

## SEC filing metadata
- accession: 0001104659-26-075174
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2026-06-17T20:30:42+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000110465926075174/0001104659-26-075174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000110465926075174/mdrr-20260616x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-075174
- JSON: https://secwatch.observer/filing/0001104659-26-075174.json
- Plain text: https://secwatch.observer/filing/0001104659-26-075174.txt

## Key facts
- Governance Changes
  Medalist Diversified, Inc.: Approved amendment to Articles of Incorporation to restrict stock transfers to protect net operating loss and net capital loss tax benefits (effective 2026-06-16).
  - Change: charter amendment
  - Effective: 2026-06-16
  source text: On June 16, 2026, Medalist Diversified, Inc. (the “Company”) held its 2026 annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved an amendment to the Company’s Articles of Incorporation (the “Charter Amendment”), which includes provisions designed to protect the tax benefits of the Company’s net operating losses (“NOLs”) and net capital losses (“NCLs”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465926075174/0001104659-26-075174-index.htm
- Material Agreements
  Medalist Diversified, Inc. entered into Purchase and Sale Agreement with Person Street Partners GP Fund I, L.P. valued at $10,250,000 (effective 2026-06-17).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Person Street Partners GP Fund I, L.P.
  - Value: $10,250,000
  - Effective: 2026-06-17
  source text: On June 17, 2026, (the “Effective Date”), MDR Brookfield, LLC, a Delaware limited liability company (the “Seller”), entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”), with Person Street Partners GP Fund I, L.P., a Delaware limited partnership (the “Purchaser”), whereby the Purchaser agreed to acquire (the “Acquisition”) Brookfield Center, an approximately 64,880 square foot flex-industrial property in Greenville, South Carolina and more particularly described in Exhibit A to the Purchase and Sale Agreement (the “Property”). The total consideration for the Property is $10,250,000 (the “Consideration”), subject to the prorations and adjustments described in the Purchase and Sale Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465926075174/0001104659-26-075174-index.htm

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