secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0001600626-22-000135
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shareholders approve REIT conversion; credit agreement amended for industrial property spin-off
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- Conversion from Maryland corporation to Maryland REIT approved: ~168.3M for, ~9.1M against.
- Sixth Amendment to credit agreement adjusts tangible net worth covenant to allow permitted distributions.
- Amendment defines SpinCo Transaction: contribution of industrial & office properties to new public company (Industrial SpinCo Trust).
- SpinCo interests will be distributed to current shareholders and OP unitholders.
- All eight director nominees elected; Ernst & Young ratified; say-on-pay and adjournment approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000160062622000135/0001600626-22-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000160062622000135/gcnl-20221130.htm
  HTML page:      https://secwatch.observer/filing/0001600626-22-000135

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