secwatch.observer — SEC 8-K summary
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Issuer:     FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS)
CIK:        0000036840
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001174947-23-000320
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

FREIT amends management agreement; M&A termination fee raised to 2.5x from 1.25x
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- Board approved Second Amendment to Management Agreement with Hekemian & Co. on March 9, 2023.
- M&A termination fee increased from 1.25x to 2.5x the standard termination fee.
- Standard termination fee amount was not disclosed in the filing.
- Original Management Agreement dated November 1, 2001 remains otherwise unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000117494723000320/0001174947-23-000320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000117494723000320/form8k-29634_freit.htm
  HTML page:      https://secwatch.observer/filing/0001174947-23-000320

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