---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010982"
form_type: "8-K"
ticker: "SQFT"
cik: "0001080657"
company_name: "Presidio Property Trust, Inc."
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T08:58:09.932471+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-010982
- form_type: 8-K
- ticker: SQFT
- cik: 0001080657
- company_name: Presidio Property Trust, Inc.
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080657/000149315224010982/0001493152-24-010982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080657/000149315224010982/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010982
- JSON: https://secwatch.observer/filing/0001493152-24-010982.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010982.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1080657/000149315224010982/0001493152-24-010982-index.htm

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