MDRR 8-K
Medalist Diversified, Inc. (MDRR)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 16, 2024 (
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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:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 September 12, 2024, the Company held its 2024 annual meeting of stockholders (the “2024 Annual Meeting), in which the stockholders voted on the following proposals:
Proposal No. 1: The election of one Class I director to serve for a three-year term until the 2027 annual meeting of stockholders (the “2027 Annual Meeting”) or until his successor is duly elected and qualified.
Nominee | Votes For | Votes Withheld |
David Lunin | 419,745 | 52,454 |
There were 492,373 broker non-votes and no abstentions in connection with Proposal No. 1. The one Class I director was elected to the Company’s Board of Directors (the “Board”) to serve for a three-year term until the 2027 Annual Meeting or until his successor is duly elected and qualified.
Proposal No. 2: The approval, on an advisory and non-binding basis, of the compensation of the Company’s named executive officers.
Votes For | Votes Against | Abstentions |
581,443 | 48,076 | 2,407 |
There were 332,647 broker non-votes in connection with Proposal No. 2.
Proposal No. 3: The approval, on an advisory and non-binding basis, of the frequency of future advisory votes on the compensation of the Company’s named executive officers.
One Year | Two Years | Three Years | Abstentions |
616,713 | 243,218 | 9,732 | 4,390 |
There were 332,647 broker non-votes in connection with Proposal No. 3.
Proposal No. 4: The ratification of the appointment of Cherry Bekaert LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.
Votes For | Votes Against | Abstentions |
933,413 | 24,439 | 6,718 |
There were no broker non-votes in connection with Proposal No. 4.
Proposal No. 5: The approval of an amendment to the Company’s Articles of Incorporation to effect a reverse stock split of the Company’s outstanding common stock by a ratio of any whole number in the range of 1-for-10 to 1-for-100, with such ratio to be determined in the discretion of the Board and with such action to be effected at such time and date, if at all, as determined by the Board within one year after the conclusion of the 2024 Annual Meeting.
Votes For | Votes Against | Abstentions |
842,566 | 119,619 | 2,387 |
There were no broker non-votes in connection with Proposal No. 5.
SIGNATURE
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.
| MEDALIST DIVERSIFIED REIT, INC. | |
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Dated: September 16, 2024 | By: | /s/ C. Brent Winn, Jr. |
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| C. Brent Winn, Jr. |
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| Chief Financial Officer |