Presidio Property Trust adopts classified board structure, assigns directors to staggered three-year terms

Presidio Property Trust, Inc.

Board classified into three classes under Maryland law, effective March 18, 2024.
Class I (term until 2024 annual meeting): David Bruen, Steven Hightower.
Class II (term until 2025 annual meeting): Jennifer Barnes, Tracie Hager.
Class III (term until 2026 annual meeting): Jack Heilbron, James Durfey.
Articles Supplementary filed with Maryland State Department of Assessments and Taxation.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

Presidio Property Trust, Inc.: The Board approved a resolution to classify the Board into three classes with staggered three-year terms, and filed Articles Supplementary to elect classification under MGCL Section 3-803, effective March 18, 2024 (effective 2024-03-18).

Change: bylaw amendment
Effective: 2024-03-18

Exact text from the filing

The Board of Directors (the “Board”) of Presidio Property Trust, Inc., a Maryland corporation (the “Company”), approved a resolution to classify the Board pursuant to Section 3-803 of the Maryland General Corporation Law (“MGCL”) into three classes with directors serving three year terms.

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Presidio Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-010982

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