Creative Media & Community Trust Corp Files Proxy Statement

TL;DR

CMCT filed its proxy statement, shareholders vote soon.

AI Summary

Creative Media & Community Trust Corp (CMCT) filed a DEF 14A proxy statement on July 5, 2024, for its fiscal year ending December 31, 2024. The company, formerly known as CIM Commercial Trust Corp and PMC Commercial Trust, is incorporated in Maryland and headquartered in Dallas, Texas. This filing is a routine proxy statement related to corporate governance and shareholder matters.

Why It Matters

This filing provides shareholders with essential information regarding company operations, executive compensation, and voting matters, enabling informed participation in corporate decisions.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing, which is standard for publicly traded companies and does not inherently indicate new risks.

Key Numbers

• 20240801 — Fiscal Year End (Reported period for the proxy statement.)
• 1934 Act — SEC Act (Governing legislation for the filing.)

Key Players & Entities

• Creative Media & Community Trust Corp (company) — Registrant
• CIM Commercial Trust Corp (company) — Former Company Name
• PMC Commercial Trust (company) — Former Company Name
• 0000908311-24-000029 (filing_id) — Accession Number
• 20240705 (date) — Filing Date

FAQ

Key Financial Figures

• $0.001 — 's Series A1 Preferred Stock, par value $0.001 per share, contained in the Company's c

Filing Documents

• cmct-xdefinitiveproxystate.htm (DEF 14A) — 668KB
• 0000908311-24-000029.txt ( ) — 669KB

SECURITY OWNERSHIP OF THE COMPANY'S BOARD OF DIRECTORS AND EXECUTIVE OFFICERS AND CURRENT BENEFICIAL OWNERS

SECURITY OWNERSHIP OF THE COMPANY'S BOARD OF DIRECTORS AND EXECUTIVE OFFICERS AND CURRENT BENEFICIAL OWNERS 10 PROPOSAL 1 ELECTION OF DIRECTORS 12 INTRODUCTORY NOTE – PROPOSALS 2(a) THROUGH 2(d) 13 PROPOSAL 2(a) APPROVAL OF THE MONTHLY DIVIDEND PERIOD AMENDMENT 17 PROPOSAL 2(b) APPROVAL OF THE INITIAL DIVIDEND ACCRUAL DATE AMENDMENT 18 PROPOSAL 2(c) APPROVAL OF THE ORIGINAL ISSUANCE DATE AMENDMENT 20 PROPOSAL 2(d) APPROVAL OF THE SERIES A1 DRIP AMENDMENT 22 PROPOSAL 3 ADVISORY VOTE ON EXECUTIVE COMPENSATION 23 PROPOSAL 4 RATIFICATION OF THE APPOINTMENT OF DELOITTE TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 24 CORPORATE GOVERNANCE 25 AUDIT COMMITTEE REPORT 34

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 36 RELATED PERSON TRANSACTIONS 42 INDEPENDENT PUBLIC ACCOUNTING FIRM 48 OTHER MATTERS 48 STOCKHOLDER PROPOSALS FOR THE 2025 ANNUAL MEETING 49 AVAILABILITY OF DOCUMENTS 49 REDUCE DUPLICATE MAILINGS 49 WHERE YOU CAN FIND MORE INFORMATION 50 APPENDIX A-I PROPOSED ARTICLES OF AMENDMENT 51 APPENDIX A-II CONFORMED ARTICLES SUPPLEMENTARY—SERIES A1 PREFERRED STOCK 56 2 QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING AND VOTING 1. Who is entitled to vote Only holders of record of the Company's common stock, par value $0.001 per share (the "Common Stock") as of the close of business on June 4, 2024 (the "record date") are entitled to notice of and to vote at the Annual Meeting. 2. What is a proxy A proxy is your legal designation of another person to vote the shares you own. That other person is called a proxy. If you designate someone as your proxy in a written document, that document is also called a proxy or a proxy card. We have designated our Chief Executive Officer, David Thompson, and our Chief Financial Officer and Secretary, Barry N. Berlin, as proxies for the Annual Meeting. 3. How many votes are each share of Common Stock entitled to Each holder of record of Common Stock on the record date is entitled to one vote on each matter properly brought before the Annual Meeting for each share of Common Stock held. 4. What is the difference between a stockholder of record and a stockholder who holds shares in "street name" If your shares are registered in your name, you are a stockholder of record. If your shares are held in the name of your bank, broker or other nominee, your shares are held in "street name" and you are a beneficial owner. 5. How do I attend the Annual Meeting Our Annual Meeting will be a completely virtual meeting conducted exclusively via live webcast. The meeting will begin promptly at 1100 a.m. Pacific Time on August 1, 2024. We encourage you to access the Annual Meeting prior to the start

View Full Filing

View this DEF 14A filing on SEC EDGAR