MacKenzie Realty Capital stockholders approve charter amendments; board adopts new bylaws

MacKenzie Realty Capital, Inc.

Stockholders approved three proposals at Jan. 6 special meeting: removal of NASA limitations, alignment with public companies, Investment Company Act references.
Proposal 1.A received 7,021,768.8 votes for (89.2% of present shares); 1.B received 7,185,674.8 votes for (91.52%); 1.C received 7,094,538.8 votes for (90.35%).
Third Amended and Restated Bylaws effective Jan. 8 reduce quorum to one-third, delete director qualifications, add exclusive forum for internal claims.
Second Articles of Amendment and Restatement filed Jan. 10; company no longer subject to NASAA REIT guidelines.

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 0.9

MacKenzie Realty Capital, Inc.: Stockholders approved and the Company filed the Second Amended and Restated Charter, effective January 10, 2025, removing certain NASAA limitations and making conforming and ministerial changes (effective 2025-01-10).

Change: charter amendment
Effective: 2025-01-10

Exact text from the filing

Following shareholder approval, the second A&R Charter was filed with the State Department of Assessments and Taxation of Maryland and effective as of January 10, 2025.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

MacKenzie Realty Capital, Inc.: Board adopted the Third Amended and Restated Bylaws effective January 8, 2025, making numerous changes to meetings, directors, committees, exclusive forum, and other governance provisions (effective 2025-01-08).

Change: bylaw amendment
Effective: 2025-01-08

Exact text from the filing

On January 8, 2025, the Board of Directors of the Company approved, effective January 8, 2025, a Third Amended and Restated Bylaws (the “Third A&R Bylaws”).

View on SEC.gov

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MacKenzie Realty Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001550913-25-000003

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