other
confidence high
sentiment neutral
materiality 0.35
Presidio Property Trust annual meeting: incentive plan approved, preferred auth. increase fails
Presidio Property Trust, Inc.
- Directors Barnes and Hager re-elected; Moss Adams ratified as auditor for FY2025.
- 2017 Incentive Plan amended: shares available increased to 4.5M with evergreen to 15% of outstanding.
- Charter amendment to double authorized preferred shares to 2M failed (85% of votes cast, not majority of all eligible).
- Say-on-Pay approved; shareholders voted for triennial frequency (next vote in 2031).
- Cumulative voting notice period clarification also failed (90.69% of votes cast, not majority of all eligible).
item 5.07item 9.01