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.

View on SEC.gov

73 governance changes filed in the last 30 days. Browse all governance changes →

Presidio Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-010982

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.