secwatch.observer — SEC 8-K summary
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Issuer:     REGIONAL HEALTH PROPERTIES, INC (RHEP)
CIK:        0001004724
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001493152-23-023812
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RHE completes Series A preferred exchange; charter amended to reduce liquidation preference, eliminate dividends.
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- Exchange of all outstanding 10.875% Series A Preferred for newly issued 12.5% Series B Preferred closed June 30, 2023.
- Amended and restated charter filed July 3, 2023; authorized shares reduced to 60M (55M common, 5M preferred).
- Series A liquidation preference cut to $5.00/share; all accumulated and future dividends eliminated.
- Series A redemption price (optional and change of control) reduced to $5.00/share; voting rights changed to one vote per $5.00 liquidation preference.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004724/000149315223023812/0001493152-23-023812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004724/000149315223023812/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-023812

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