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    Sachem Capital Corp. filed SEC Form 8-K: Other Events

    12/2/24 4:12:55 PM ET
    $SACH
    Real Estate Investment Trusts
    Real Estate
    Get the next $SACH alert in real time by email
    false 0001682220 0001682220 2024-12-02 2024-12-02 0001682220 us-gaap:CommonStockMember 2024-12-02 2024-12-02 0001682220 sach:Notes6.875PercentDue2024Member 2024-12-02 2024-12-02 0001682220 sach:Notes7.75percentDue2025Member 2024-12-02 2024-12-02 0001682220 sach:Notes6.00percentDue2026Member 2024-12-02 2024-12-02 0001682220 sach:Notes6.00percentDue2027Member 2024-12-02 2024-12-02 0001682220 sach:Notes7.125PercentDue2027Member 2024-12-02 2024-12-02 0001682220 sach:Notes8.00percentDue2027Member 2024-12-02 2024-12-02 0001682220 us-gaap:SeriesAPreferredStockMember 2024-12-02 2024-12-02 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

    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): December 2, 2024

     

    SACHEM CAPITAL CORP. 

    (Exact name of Registrant as specified in its charter)

     

    New York   001-37997   81-3467779
    (State or other jurisdiction
    of incorporation)
      (Commission
    File Number)
      (IRS Employer
    Identification No.)

     

    568 East Main Street, Branford, Connecticut   06405
    (Address of Principal Executive Office)   (Zip Code)

     

    Registrant's telephone number, including area code (203) 433-4736

     

    (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 Ticker symbol(s) Name of each exchange on which registered
    Common Shares, par value $.001 per share SACH NYSE American LLC
    6.875% Notes due 2024 SACC NYSE American LLC
    7.75% notes due 2025 SCCC NYSE American LLC
    6.00% notes due 2026 SCCD NYSE American LLC
    6.00% notes due 2027 SCCE NYSE American LLC 
    7.125% notes due 2027

    SCCF

    NYSE American LLC 
    8.00% notes due 2027 SCCG NYSE American LLC
    7.75% Series A Cumulative Redeemable Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC

     

    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 8.01.Other Events.

     

    On December 2, 2024, the board of directors of Sachem Capital Corp. (the “Company”) authorized and the Company declared a dividend of $0.484375 per share on the Company’s 7.75% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred”) payable on or about December 30, 2024 to Series A Preferred shareholders of record on December 15, 2024. The payment represents the full amount of the dividend accruing from September 30, 2024 through and including December 29, 2024.

     

    * * * * *

     

    2

     

     

    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.

     

      Sachem Capital Corp.
         
    Dated: December 2, 2024 By: /s/ John L. Villano
        John L. Villano, CPA
        Chief Executive Officer

     

    3

     

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