secwatch.observer — SEC 8-K summary
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Issuer:     American Assets Trust, Inc. (AAT)
CIK:        0001500217
Form:       8-K
Filed at:   2026-05-11T23:59:59+00:00
Accession:  0001500217-26-000035
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500217/000150021726000035/0001500217-26-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500217/000150021726000035/aat-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001500217-26-000035

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