---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-033456"
form_type: "8-K"
ticker: "SQFT"
cik: "0001080657"
company_name: "Presidio Property Trust, Inc."
filed_at: "2023-09-22T23:59:59+00:00"
generated_at: "2026-06-10T09:29:25.449609+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Presidio Property Trust CFO resigns upon SPAC deal close; appoints Edwin Bentzen as successor

## Summary
- Adam Sragovicz resigned as CFO effective Sept 22, 2023, upon consummation of Murphy Canyon SPAC merger with Conduit Pharmaceuticals.
- Departure is not related to financial results or disagreements; prior intent to resign upon SPAC close was disclosed.
- Edwin H. Bentzen IV appointed CFO; served as Chief Accounting Officer since March 2021.
- Bentzen's annual base salary is $207,900; eligible for benefits and restricted stock awards under 2017 Incentive Award Plan.

## SEC filing metadata
- accession: 0001493152-23-033456
- form_type: 8-K
- ticker: SQFT
- cik: 0001080657
- company_name: Presidio Property Trust, Inc.
- filed_at: 2023-09-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080657/000149315223033456/0001493152-23-033456-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080657/000149315223033456/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-033456
- JSON: https://secwatch.observer/filing/0001493152-23-033456.json
- Plain text: https://secwatch.observer/filing/0001493152-23-033456.txt

## Key facts
- Executive change
  Adam Sragovicz resigned as Chief Financial Officer at Presidio Property Trust, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On September 22, 2023, Adam Sragovicz notified Presidio Property Trust, Inc. (the “Company”) of his resignation as Chief Financial Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1080657/000149315223033456/0001493152-23-033456-index.htm
- Executive change
  Edwin H. Bentzen IV was appointed as Chief Financial Officer at Presidio Property Trust, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Effective September 22, 2023, the Company appointed Mr. Edwin H. Bentzen IV, age 47, to serve as its Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1080657/000149315223033456/0001493152-23-033456-index.htm

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