Presidio Property Trust Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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Item 5.07. Submission of Matters to Vote of Security Holders.
On June 27, 2024, Presidio Property Trust, Inc. (“Company”) held, in virtual meeting format, its 2024 Annual Meeting of Stockholders (“Annual Meeting”). Of the 14,463,802 shares of common stock issued and outstanding and eligible to vote as of the close of business on the record date of May 1, 2023, 10,804,047 shares, or 74.7% of the eligible shares, were present virtually or represented by proxy at the Annual Meeting, and therefore, a quorum was present.
The proposals voted on at the Annual Meeting are more fully described in the Proxy Statement on Schedule 14A filed by the Company with the Securities and Exchange Commission on May 10, 2024.
The voting results reported herein are the final, certified voting results for each proposal presented at the Annual Meeting, as reported by Morrow Sodali, LLC, the Inspector of Election appointed for the Annual Meeting. Such results were as follows:
Proposal 1: The Company’s two (2) director nominees were re-elected to serve on the Company’s board of directors until the Company’s 2027 annual meeting of stockholders and until their respective successors have been duly elected and qualified, as follows:
| DIRECTOR | FOR | WITHHELD | ||
| David T. Bruen | 7,461,557 | 810,2678 | ||
| Steve Hightower | 7,424,805 | 847,020 |
Proposal 2: The appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified, as follows:
| FOR | AGAINST | ABSTAIN | ||
| 9,169,946 | 1,403,208 | 230,893 |
Proposal 3: An amendment to the Company’s charter to provide for the reclassification of any unissued shares of common stock from time to time into one or more classes or series of stock having such terms as determined by the Board of the Company was not approved, as follows*:
| FOR * | AGAINST | ABSTAIN | ||
| 5,804,196 | 2,314,957 | 152,672 |
*While 70.17% of the votes cast on this proposal were in favor of the proposal, the proposal requires the affirmative vote of a majority of all the votes entitled to be cast on the matter in order to be approved.
Proposal 4: An amendment to the Company’s charter to eliminate cumulative voting in the election of directors was not approved, as follows:*.
| FOR* | AGAINST | ABSTAIN | ||
| 6,624,494 | 1,159,107 | 128,224 |
*While 80.09% of the votes cast on this proposal were in favor of the proposal, the proposal requires the affirmative vote of a majority of all the votes entitled to be cast on the matter in order to be approved.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Exhibit Title or Description | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are 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.
| Date: June 27, 2024 | PRESIDIO PROPERTY TRUST, INC. | |
| By: | /s/ Ed Bentzen | |
| Ed Bentzen | ||
| Chief Financial Officer | ||