8-K
Power REIT (PW)
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): September26, 2024
POWER
REIT
(Exact name of registrant as specified in its charter)
Maryland
(State or other jurisdiction of incorporation)
001-36312
(Commission File Number)
45-3116572
(IRS Employer Identification No.)
301
Winding Road
Old
Bethpage, NY 11804
(Address of principal executive offices and Zip Code)
Registrant’s telephone number, including area code: (212)
750-0371
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<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> 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<br> of Each Class | Trading<br> Symbol | Name<br> of Each Exchange on Which Registered |
|---|---|---|
| Common<br> Shares | PW | NYSE<br> (American) |
| 7.75%<br> Series A Cumulative Redeemable Perpetual Preferred Stock, Liquidation Preference $25 per Share | PW.A | NYSE<br> (American) |
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. ☐
SECTION
5: CORPORATE GOVERNANCE AND MANAGEMENT
Item5.07 Submission of Matters to a Vote of Shareholders
Power REIT’s (the “Trust”) 2024 Annual Meeting of shareholders was held on September 26, 2024. For more information on the following proposals, see the trust’s Proxy Statement filed August 30, 2024, the relevant portions of which are incorporated herein by reference.
Below are the final voting results.
| 1) | Shareholders elected each of the five nominees to the<br> Board of Trustees for a one-year term. | ||||
|---|---|---|---|---|---|
| For | Withheld | ||||
| --- | --- | --- | --- | --- | |
| David H. Lesser | 1,094,688 | 128,814 | |||
| Patrick R. Haynes, III | 955,352 | 268,150 | |||
| William S. Susman | 952,585 | 270,917 | |||
| Dionisio D’Aguilar | 957,759 | 265,743 | |||
| 2) | Shareholders ratified MaloneBailey LLP as the Trust’s<br> independent audit firm for 2024. | ||||
| --- | --- | ||||
| For | Against | Abstain | |||
| --- | --- | --- | --- | --- | --- |
| 1,922,180 | 27,542 | 22,122 | |||
| 3) | Shareholders approved on an advisory basis, the compensation<br> of our named executive officers. | ||||
| --- | --- | ||||
| For | Against | Abstain | |||
| --- | --- | --- | --- | --- | --- |
| 1,089,881 | 50,771 | 82,850 |
Signature
on Following Page
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: September 26, 2024
| Power REIT | |
|---|---|
| By | /s/ David H. Lesser |
| David H. Lesser | |
| Chairman, CEO, Secretary, & Treasurer |