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    ACRES Commercial Realty Corp. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

    6/5/25 4:08:57 PM ET
    $ACR
    Real Estate Investment Trusts
    Real Estate
    Get the next $ACR alert in real time by email
    8-K
    false000133255100013325512025-06-052025-06-050001332551us-gaap:CommonStockMember2025-06-052025-06-050001332551us-gaap:SeriesDPreferredStockMember2025-06-052025-06-050001332551us-gaap:SeriesCPreferredStockMember2025-06-052025-06-05

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): June 05, 2025

     

     

    ACRES Commercial Realty Corp.

    (Exact name of Registrant as Specified in Its Charter)

     

     

    Maryland

    1-32733

    20-2287134

    (State or Other Jurisdiction
    of Incorporation)

    (Commission File Number)

    (IRS Employer
    Identification No.)

     

     

     

     

     

    390 RXR Plaza

     

    Uniondale, New York

     

    11556

    (Address of Principal Executive Offices)

     

    (Zip Code)

     

    Registrant’s Telephone Number, Including Area Code: 516 535-0015

     

    N/A

    (Former Name or Former Address, if Changed Since Last Report)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:


    Title of each class

     

    Trading
    Symbol(s)

     


    Name of each exchange on which registered

    Common Stock, $0.001 par value per share

     

    ACR

     

    New York Stock Exchange

    8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock

     

    ACRPrC

     

    New York Stock Exchange

    7.875% Series D Cumulative Redeemable Preferred Stock

     

    ACRPrD

     

    New York Stock Exchange

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     


    Item 5.07 Submission of Matters to a Vote of Security Holders.

    On June 5, 2025, ACRES Commercial Realty Corp. (the “Company”) held its 2025 Annual Meeting of Stockholders at which its stockholders: (i) elected nine directors: Messrs. Andrew Fentress, Mark S. Fogel, David J. Bryant, Gary Ickowicz, Steven J. Kessler, Murray S. Levin and P. Sherrill Neff and Mses. Karen Edwards and Dawanna Williams to serve until the next annual meeting of stockholders in 2026; (ii) approved, in an advisory vote, the compensation of the Company’s named executive officers; and (iii) ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025.

    The voting results were as follows:

    Election of Directors

     

    Shares For

     

    Shares Against

     

    Abstentions

     

    Broker Non-Votes

    Mr. Bryant

     

    2,509,766

     

    68,755

     

    1,179,780

     

    1,993,912

    Ms. Edwards

     

    2,555,994

     

    22,962

     

    1,179,345

     

    1,993,912

    Mr. Fentress

     

    2,511,073

     

    67,407

     

    1,179,821

     

    1,993,912

    Mr. Fogel

     

    2,547,056

     

    31,409

     

    1,179,836

     

    1,993,912

    Mr. Ickowicz

     

    2,546,389

     

    31,951

     

    1,179,961

     

    1,993,912

    Mr. Kessler

     

    2,547,103

     

    31,281

     

    1,179,917

     

    1,993,912

    Mr. Levin

     

    2,374,702

     

    203,724

     

    1,179,875

     

    1,993,912

    Mr. Neff

     

    2,546,403

     

    31,570

     

    1,180,328

     

    1,993,912

    Ms. Williams

     

    2,555,321

     

    23,645

     

    1,179,335

     

    1,993,912

     

    A proposal to approve, in an advisory vote, the compensation of the Company’s named executive officers:

    Shares For

     

    Shares Against

     

    Abstentions

     

    Broker Non-Votes

    2,385,247

     

    171,191

     

    1,201,863

     

    1,993,912

     

    A proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025:

    Shares For

     

    Shares Against

     

    Abstentions

    4,536,883

     

    36,331

     

    1,178,999

    Item 9.01 Financial Statements and Exhibits.

    (d) Exhibits.

    Exhibit No.

    Description

    104

    Cover Page Interactive Data File (embedded within the Inline XBRL document).

     


    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

     

     

    ACRES COMMERCIAL REALTY CORP.

     

     

     

     

    Date:

    June 5, 2025

    By:

    /s/ Jaclyn Jesberger

     

     

     

    Jaclyn Jesberger
    Senior Vice President, Chief Legal Officer and Secretary

     


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