Sachem Capital Corp. 8-K: Security Holder Vote Details

TL;DR

Sachem Capital Corp. 8-K filed: Security holder votes, debt notes, and preferred stock details from Oct 1, 2024.

AI Summary

Sachem Capital Corp. filed an 8-K on October 2, 2024, reporting on matters submitted to a vote of security holders as of October 1, 2024. The filing details various debt instruments, including notes with due dates in 2024, 2025, and 2026, as well as preferred stock. The company is a real estate investment trust based in Branford, CT.

Why It Matters

This filing provides insight into the corporate governance and financial structure of Sachem Capital Corp., specifically concerning decisions made by its security holders and its outstanding debt obligations.

Risk Assessment

Risk Level: medium — The filing relates to corporate governance and financial instruments, which can carry inherent risks for investors depending on the nature of the security holder votes and the terms of the debt.

Key Numbers

• 2024 — Note Maturity Year (Indicates upcoming debt obligations)
• 2025 — Note Maturity Year (Indicates upcoming debt obligations)
• 2026 — Note Maturity Year (Indicates upcoming debt obligations)
• 2027 — Note Maturity Year (Indicates upcoming debt obligations)

Key Players & Entities

• Sachem Capital Corp. (company) — Registrant
• October 1, 2024 (date) — Date of earliest event reported
• October 2, 2024 (date) — Filing date
• 568 EAST MAIN STREET, BRANFORD, CT 06405 (address) — Company business and mailing address

FAQ

Key Financial Figures

• $25.00 — Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC

Filing Documents

• tm2425383d1_8k.htm (8-K) — 62KB
• 0001104659-24-105428.txt ( ) — 310KB
• sach-20241001.xsd (EX-101.SCH) — 4KB
• sach-20241001_def.xml (EX-101.DEF) — 29KB
• sach-20241001_lab.xml (EX-101.LAB) — 39KB
• sach-20241001_pre.xml (EX-101.PRE) — 27KB
• tm2425383d1_8k_htm.xml (XML) — 11KB

07. Submission of Matters to Vote of Security Holders

Item 5.07. Submission of Matters to Vote of Security Holders. On October 1, 2024, Sachem Capital Corp. (the " Company ") held its 2024 Annual Meeting of Shareholders (the " Annual Meeting "). At the Annual Meeting, shareholders: Elected five incumbent directors to serve until the Company's next annual meeting of shareholders or until their respective successors have been duly elected and qualified (" Election of Directors "); Approved, on an advisory basis, the appointment of Hoberman & Lesser, LLP as the Company's independent auditors for the 2024 fiscal year (" Advisory approval of Auditors "); Approved the non-binding advisory resolution relating to executive compensation (" Say-on-Pay "); and Approved, on an advisory basis, the holding of an advisory vote on executive compensation every "1 Year" (" Say-on-Frequency "). The specific votes were as follows: 1. Election of Directors: VOTES For WITHHELD BROKER NON-VOTE John L. Villano 13,923,290 1,144,533 15,624,964 Leslie Bernhard 13,812,369 1,255,454 15,624,964 Arthur L. Goldberg 13,721,929 1,345,894 15,624,964 Brian A. Prinz 13,210,115 1,857,708 15,624,964 Jeffery C. Walraven 13,797,123 1,270,700 15,624,964 2. Advisory approval of Auditors: VOTES FOR AGAINST ABSTAIN 29,286,189 1,008,016 398,582 3. Say-on-Pay: VOTES FOR AGAINST ABSTAIN BROKER NON-VOTE 12,015,785 2,490,753 561,280 15,624,969 2 4. Say-on-Frequency: VOTES (1) 1 YEAR 2 YEARS 3 YEARS ABSTAIN 7,617,950 1,070,150 5,540,885 838,826 (1) Broker Non-Vote: 15,624,976 In response to the voting results on the Say-on Frequency, the Company's Board of Directors (the " Board ") determined at a meeting held on October 1, 2024, that the Company will hold a Say-on-Pay vote every year. The Company will continue to hold a Say-on-Pay vote every year until the Board decides to hold the next Say-on-Frequency vote, which shall be no later than the Company's Annual Meeting of Shareholder

SIGNATURES

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: October 2, 2024 By: /s/ John L. Villano John L. Villano, CPA Chief Executive Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR