AAT board raises Rady Trust ownership cap to 21.9%, lowers general limit to 6.775%

American Assets Trust, Inc.

Board increased excepted holder limit for Rady Trust Group from 19.9% to 21.9% of outstanding common stock.
Aggregate and common stock ownership limits reduced to 6.775% (in value or number, whichever is more restrictive).
Rady Trust Group must vote shares above 19.9% in proportion to other stockholders (or abstain) except in contested meetings where Board recommendation applies.
Company appointed as irrevocable proxy with full substitution power to enforce voting restrictions on Subject Shares.
Board cites alignment of Ernest Rady's economic interests with all shareholders as rationale for the change.

item 1.01 item 3.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

American Assets Trust, Inc. issued common stock.

Security: common stock

Exact text from the filing

the Board (i) increased the 2011 Excepted Holder Limit to 21.9% (in value or in number, whichever is more restrictive) of the outstanding shares of Common Stock (the “2026 Excepted Holder Limit”) and (ii) decreased each of the Aggregate Stock Ownership Limit and the Common Stock Ownership Limit (each as defined in the Charter) to 6.775% (in value or number, whichever is more restrictive).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

American Assets Trust, Inc. entered into Voting Support Agreement with Ernest Rady Trust U/D/T March 10, 1983, the Evelyn Shirley Rady Trust U/D/T March 10, 1983, and American Assets, Inc. (effective 2026-05-11).

Action: entry
Counterparty: Ernest Rady Trust U/D/T March 10, 1983, the Evelyn Shirley Rady Trust U/D/T March 10, 1983, and American Assets, Inc.
Effective: 2026-05-11

Exact text from the filing

On May 11, 2026, American Assets Trust, Inc. (the "Company") entered into a Voting Support Agreement (the "Voting Agreement") with the Ernest Rady Trust U/D/T March 10, 1983 (the "Rady Trust"), the Evelyn Shirley Rady Trust U/D/T March 10, 1983, and American Assets, Inc. (collectively, the "Stockholder").

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American Assets Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001500217-26-000035

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