Medalist REIT Announces Board & Officer Changes
Ticker: MDRR · Form: 8-K · Filed: Jan 7, 2025 · CIK: 1654595
| Field | Detail |
|---|---|
| Company | Medalist Diversified Reit, Inc. (MDRR) |
| Form Type | 8-K |
| Filed Date | Jan 7, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $0.065 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, officer-appointment, filing
Related Tickers: MDRR
TL;DR
Medalist REIT (MDRR) board shakeup and officer changes filed. Watch for strategy shifts.
AI Summary
Medalist Diversified REIT, Inc. announced on January 3, 2025, changes in its board and officer appointments. The company filed an 8-K report detailing the departure of directors, election of new directors, and updates to officer compensation arrangements. This filing also includes financial statements and exhibits.
Why It Matters
Changes in board composition and officer appointments can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and officer compensation can introduce uncertainty regarding future strategy and financial performance.
Key Players & Entities
- Medalist Diversified REIT, Inc. (company) — Registrant
- January 3, 2025 (date) — Date of earliest event reported
- Maryland (jurisdiction) — State of incorporation
- Richmond, VA (location) — Principal executive offices address
FAQ
What specific officer positions were affected by the appointments?
The filing indicates appointments of certain officers, but the specific positions are detailed within the document's sections on officer appointments and compensatory arrangements.
Were there any specific reasons cited for the departure of directors?
The filing notes the departure of directors as an item of information, but specific reasons for their departure are not detailed in the provided summary.
What type of financial statements were included with this filing?
The filing indicates that financial statements and exhibits are included, but the specific types of statements (e.g., balance sheet, income statement) are not detailed in the provided summary.
What is the primary business of Medalist Diversified REIT, Inc.?
Medalist Diversified REIT, Inc. is classified under Real Estate Investment Trusts (SIC code 6798).
When was Medalist Diversified REIT, Inc. incorporated?
The company was incorporated in Maryland.
Filing Stats: 683 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2025-01-07 16:06:15
Key Financial Figures
- $0.01 — ed Trading Symbol(s) Common Stock, $0.01 par value Nasdaq Capital Market MDR
- $0.065 — k (the "Common Stock") in the amount of $0.065 per share (the "Dividend"). The Dividen
Filing Documents
- mdrr-20250103x8k.htm (8-K) — 47KB
- mdrr-20250103xex99d1.htm (EX-99.1) — 10KB
- mdrr-20250103xex99d1001.jpg (GRAPHIC) — 7KB
- 0001558370-25-000051.txt ( ) — 223KB
- mdrr-20250103.xsd (EX-101.SCH) — 4KB
- mdrr-20250103_def.xml (EX-101.DEF) — 14KB
- mdrr-20250103_lab.xml (EX-101.LAB) — 19KB
- mdrr-20250103_pre.xml (EX-101.PRE) — 13KB
- mdrr-20250103x8k_htm.xml (XML) — 7KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 3, 2025, the Board of Directors (the "Board") of Medalist Diversified REIT, Inc. (the "Company") appointed Kory J. Kramer, as a Class I director of the Company, effective immediately. Mr. Kramer will serve as a Class I director until the 2027 Annual Meeting of Stockholders and will stand for re-election at that meeting. Mr. Kramer is not a party to any arrangement or understanding with any person pursuant to which he was appointed as a director, nor is he party to any transactions required to be disclosed under Item 404(a) of Regulation S-K involving the Company. Mr. Kramer will be compensated as a non-employee director in accordance with the Company's non-employee director compensation policies as most recently described in the Company's 2024 Proxy Statement and as updated from time to time. Mr. Kramer was appointed to serve on the Nominating and Corporate Governance Committee and Acquisition Committee of the Board. In connection with Mr. Kramer's appointment, the Board increased its size to six directors effective January 3, 2025.
01
Item 8.01 Other Events On January 7, 2025, the Company issued a press release, a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference, whereby the Board of Directors has authorized and the Company has declared a quarterly dividend on its common stock (the "Common Stock") in the amount of $0.065 per share (the "Dividend"). The Dividend will be payable in cash on January 23, 2025 to holders of record of the Common Stock as of January 20, 2025.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated January 7, 2025 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL Document SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MEDALIST DIVERSIFIED REIT, INC. Dated: January 7, 2025 By: /s/ C. Brent Winn, Jr. C. Brent Winn, Jr. Chief Financial Officer