{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-23-000978","form_type":"8-K","ticker":"FREVS","cik":"0000036840","company_name":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.334823+00:00","generated_at":"2026-06-12T09:48:31.927674+00:00","sec_items":["1.01","3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FREIT adopts stockholder rights plan with 10% trigger in response to Kushner interest","bullets":["Board adopted a rights plan (poison pill) with 10% beneficial ownership threshold; rights expire July 31, 2026.","Rights become exercisable if any person acquires 10% or more of FREIT common stock; then holders (excluding acquirer) can purchase shares at 50% discount.","Plan adopted in response to unsolicited non-binding expression of interest from K Corp Acquisitions LLC, a Kushner company.","Ongoing litigation with Sinatra LLC (Kushner) over abandoned January 2020 asset purchase agreement; board seeks to resolve claims before considering any transaction.","Dividend of one preferred stock purchase right per share declared; record date August 11, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-23-000978","json":"https://secwatch.observer/filing/0001174947-23-000978.json","markdown":"https://secwatch.observer/filing/0001174947-23-000978.md","text":"https://secwatch.observer/filing/0001174947-23-000978.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000978/0001174947-23-000978-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000978/form8k-30581_frevs.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T09:48:31.927674+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"67913ef17bb85aa4891293c1d4e1d0aae86ff2fc","claim":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.: Adopted Articles Supplementary establishing Series A Junior Participating Cumulative Preferred Stock (effective 2023-08-03).","evidence_excerpt":"In connection with the adoption of the Rights Agreement described in Item 1.01 above, the Board of Directors of the Company approved Articles Supplementary of Series A Junior Participating Cumulative Preferred Stock (the “Articles Supplementary”). The Articles Supplementary was filed with the Department of Assessments and Taxation of the State of Maryland on August 3, 2023.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000978/0001174947-23-000978-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-08-03"}],"fact_type":"governance_change"},{"claim_id":"00286187b4e141d6d1f98b80b2228048ab484105","claim":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. entered into Stockholder Rights Agreement with Computershare Trust Company, N.A. (effective 2023-07-31).","evidence_excerpt":"On July 28, 2023, the Board of Directors of First Real Estate Investment Trust of New Jersey, Inc. (the “Company”) adopted a stockholder rights plan, as set forth in the Stockholder Rights Agreement, dated July 31, 2023, between the Company and Computershare Trust Company, N.A., as Rights Agent (the “Rights Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000978/0001174947-23-000978-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Effective","value":"2023-07-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}