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
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Item 5.07. Submission of Matters to Vote of Security Holders.
On May 26, 2022, Presidio Property Trust, Inc. (“Company”) held its Annual Meeting of Stockholders (“Annual Meeting”). Of the 12,364,289 shares of common stock issued and outstanding and eligible to vote as of the record date of April 1, 2022, 7,539,610 shares, or 60.98% of the eligible shares, were present in person or represented by proxy at the Annual Meeting, and therefore, a quorum was present.
The proposals voted on at the Annual Meeting are more fully described in the Proxy Statement on Schedule 14A filed by the Company with the Securities and Exchange Commission on April 15, 2022.
The final voting results on the proposals presented for stockholders approval at the Annual Meeting were as follows:
Proposal 1: Five (5) director nominees were elected to serve on the Company’s board of directors until the Company’s next annual meeting of stockholders or until their respective successors are duly elected and qualified, as follows:
| DIRECTOR | FOR | WITHHELD | BROKER NON-VOTES | |||
| Jennifer A Barnes | 3,465,348 | 617,100 | 3,457,162 | |||
| David T. Bruen | 3,907,423 | 175,025 | 3,457,162 | |||
| James R. Durfey | 3,882,382 | 200,066 | 3,457,162 | |||
| Jack K. Heilbron | 3,929,758 | 152,690 | 3,457,162 | |||
| Sumner J. Rollings | 3,764,772 | 317,676 | 3,457,162 |
Proposal 2: The appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022 was ratified, as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||
| 7,292,442 | 165,222 | 81,946 | 0 |
Proposal 3: An amendment to the Company’s charter to provide for the reclassification of any unissued shares of common stock from time to time into one or more classes or series of stock having such terms as determined by the Board of Directors was not approved, as follows:
| FOR * | AGAINST | ABSTAIN | BROKER NON-VOTES | |||
| 3,322,954 | 663,902 | 95,593 | 3,457,162 |
While 81% of the votes cast on this proposal were in favor, the proposal requires the affirmative vote of a majority of all the votes entitled to be cast on the matter in order to be approved.
Proposal 4: A non-binding, advisory proposal to approve the compensation of the Company’s named executive officers was approved, as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||
| 3,485,783 | 373,796 | 222,869 | 3,457,162 |
Proposal 5: An amendment to the Company’s 2017 Incentive Award Plan to increase the number of shares available for issuance thereunder to 2,500,000 from 1,100,000 shares of common stock was approved, as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||
| 3,239,976 | 705,348 | 137,125 | 3,457,162 |
Proposal 6: No other business properly came before the meeting, so no vote was needed.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Exhibit Title or Description | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are 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.
| Date: May 26, 2022 | PRESIDIO PROPERTY TRUST, INC. | |
| By: | /s/ Adam Sragovicz | |
| Adam Sragovicz | ||
| Chief Financial Officer | ||