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    SEC Form 8-K filed

    3/4/21 4:14:47 PM ET
    $XAN
    Real Estate Investment Trusts
    Consumer Services
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    xan-8k_20210304.htm
    false 0001332551 0001332551 2021-03-04 2021-03-04 0001332551 us-gaap:CommonStockMember 2021-03-04 2021-03-04 0001332551 xan:EightPointSixTwoFivePercentageSeriesCCumulativeRedeemablePreferredStockMember 2021-03-04 2021-03-04

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, DC 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): March 4, 2021

     

    ACRES Commercial Realty Corp.

    (Exact name of registrant as specified in its charter)

     

    Maryland

     

    1-32733

     

    20-2287134

    (State or other jurisdiction of

     

    (Commission File Number)

     

    (IRS Employer Identification No.)

    incorporation)

     

     

     

     

     

     

     

     

     

    865 Merrick Avenue, Suite 200 S

     

     

     

     

    Westbury, NY

     

     

     

    11590

    (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 (see General Instruction A.2. below):

    ☐

    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

     

    ACR

     

    New York Stock Exchange

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

     

    ACRPrC

     

    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 2.02Results of Operations and Financial Condition.

    On March 4, 2021, ACRES Commercial Realty Corp. (the “Company”) issued a press release and detailed presentation regarding its operating results for the three months and year ended December 31, 2020. A copy of this press release is furnished with this report as Exhibit 99.1 and a copy of the earnings presentation is furnished with this report as Exhibit 99.2 as well as made available on the Company’s website at acresreit.com. The information in this Current Report, including the exhibits hereto, is to be considered “furnished” pursuant to Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended (the “Securities Act”).

    Item 7.01Regulation FD Disclosure.

    The information provided in Item 2.02 above is incorporated by reference into this Item 7.01.

    Item 9.01Financial Statements and Exhibits.

    (d)

    Exhibits.

    Exhibit No.

     

    Description

    99.1

     

    Press Release

    99.2

     

    Earnings Presentation

    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.

     

     

     

     

     

    Dated:

    March 4, 2021

     

     

     

     

     

     

    By:

    /s/ David J. Bryant

     

     

     

     

    David J. Bryant

     

     

     

     

    Chief Financial Officer

     

     

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