8-K

Sachem Capital Corp. (SACH)

8-K 2021-12-22 For: 2021-12-22
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Added on April 06, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OFTHE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 22, 2021

SACHEM

CAPITAL CORP.

(Exact name of Registrant as specified in its charter)

New<br> York 001-37997 81-3467779
(State<br> or other jurisdiction<br><br> of incorporation) (Commission<br><br> File Number) (IRS<br> Employer <br><br> Identification No.)
698<br> Main Street, Branford,<br> Connecticut 06405
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(Address<br> of Principal Executive Office) (Zip<br> Code)

Registrant's

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

(Former<br> 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<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)
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¨ Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨ Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:

Title<br> of each class Ticker<br> symbol(s) Name<br> of each exchange on which registered
Common<br> Shares, par value $.001 per share SACH NYSE<br> American LLC
7.125%<br> Notes due 2024 SCCB NYSE<br> American LLC
6.875%<br> Notes due 2024 SACC NYSE<br> American LLC
7.75%<br> Notes due 2025 SCCC NYSE<br> American LLC
6.00%<br> Notes due 2026 SCCD NYSE<br> American LLC
7.75%<br> Series A Cumulative Redeemable Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE<br> 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     x

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 22, 2021, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing that its board of directors authorized and declared a quarterly dividend of $0.12 per share to be paid on January 10, 2022 to shareholders of record as of December 31, 2021.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit<br><br> <br>No. ****<br><br> <br>Description
99.1 Press Release, dated December 22, 2021.
104 Cover Page Interactive Data File (embedded with 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.

Sachem Capital Corp.
Dated: December 22, 2021 By: /s/ John L. Villano
John L. Villano, CPA
Chief Executive Officer and Chief Financial Officer

Exhibit Index

Exhibit<br><br> <br>No. ****<br><br> <br>Description
99.1 Press Release, dated December 22, 2021.
104 Cover Page Interactive Data File (embedded with the Inline XBRL document).

Exhibit 99.1



FOR IMMEDIATE RELEASE


SACHEM CAPITAL CORP. ANNOUNCES DIVIDEND OF $0.12PER SHARE

BRANFORD, Connecticut, December 22, 2021 -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.12 per share to be paid to shareholders of record as of the close of trading on the NYSE American on December 31, 2021. The dividend will be payable on January 10, 2022.

John Villano, CPA, Chief Executive Officer of Sachem Capital Corp., stated, “We are pleased to announce this latest dividend reflecting our strong financial performance for 2021. We remain highly encouraged by the outlook for 2022 and believe we are well positioned as a leading non-bank real estate lender to capitalize on new lending opportunities.”

About Sachem Capital Corp.

Sachem Capital Corp. specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans. It offers short-term (i.e., three years or less) secured, nonbanking loans (sometimes referred to as “hard money” loans) to real estate investors to fund their acquisition, renovation, development, rehabilitation or improvement of properties located primarily in Connecticut. The company does not lend to owner occupants. The company’s primary underwriting criteria is a conservative loan to value ratio. The properties securing the company’s loans are generally classified as residential or commercial real estate and, typically, are held for resale or investment. Each loan is secured by a first mortgage lien on real estate. Each loan is also personally guaranteed by the principal(s) of the borrower, which guaranty may be collaterally secured by a pledge of the guarantor’s interest in the borrower. The company also makes opportunistic real estate purchases apart from its lending activities. The company believes that it qualifies as a real estate investment trust (REIT) for federal income tax purposes and has elected to be taxed as a REIT beginning with its 2017 tax year.

Forward Looking Statements

This press release may contain forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements. The words “anticipate,” “estimate,” “expect,” “project,” “plan,” “seek,” “intend,” “believe,” “may,” “might,” “will,” “should,” “could,” “likely,” “continue,” “design,” and the negative of such terms and other words and terms of similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to several risks, uncertainties and assumptions as described in our Annual Report on Form 10-K for 2020 filed with the U.S. Securities and Exchange Commission on March 31, 2021. Because of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this press release may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. In addition, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. We disclaim any duty to update any of these forward-looking statements. All forward-looking statements attributable to us are expressly qualified in their entirety by these cautionary statements as well as others made in this press release. You should evaluate all forward-looking statements made by us in the context of these risks and uncertainties.

Investor & Media Contact:

Crescendo Communications, LLC

Email: sach@crescendo-ir.com

Tel: (212) 671-1021

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