Presidio Property Trust Files Routine 8-K on Dec 29 Event

TL;DR

**Presidio Property Trust filed a routine 8-K for a Dec 29 event, no major news.**

AI Summary

Presidio Property Trust, Inc. filed an 8-K on January 5, 2024, reporting an event that occurred on December 29, 2023. This filing is a standard current report under the Securities Exchange Act of 1934, indicating no major changes in the company's structure or operations, but rather a routine update on corporate governance or compensatory arrangements. For investors, this suggests business as usual, with no immediate red flags or significant positive catalysts, maintaining a neutral outlook on the stock.

Why It Matters

This filing is a standard disclosure, indicating no immediate material changes that would significantly impact the company's valuation or operational trajectory. It's important for investors to note the absence of major news, suggesting stability rather than volatility.

Risk Assessment

Risk Level: low — The filing is a standard 8-K, indicating no significant adverse events or changes that would introduce new risks to the company.

Analyst Insight

A smart investor would view this as a routine update, not requiring immediate action. It's an opportunity to confirm no unexpected negative news and to continue monitoring the company's broader performance and future filings for more impactful information.

Key Players & Entities

• Presidio Property Trust, Inc. (company) — the registrant filing the 8-K
• December 29, 2023 (date) — date of the earliest event reported
• January 5, 2024 (date) — date the 8-K was filed
• Maryland (company) — state of incorporation for Presidio Property Trust, Inc.
• 001-34049 (company) — Commission File Number for Presidio Property Trust, Inc.

FAQ

Key Financial Figures

• $0.01 — ich registered Series A Common Stock, $0.01 par value per share SQFT The Nasdaq
• $425,996 — ilbron will receive an annual salary of $425,996 which shall be reviewed annually by the

Filing Documents

• form8-k.htm (8-K) — 54KB
• ex10-1.htm (EX-10.1) — 112KB
• 0001493152-24-001416.txt ( ) — 413KB
• sqft-20231229.xsd (EX-101.SCH) — 4KB
• sqft-20231229_def.xml (EX-101.DEF) — 27KB
• sqft-20231229_lab.xml (EX-101.LAB) — 37KB
• sqft-20231229_pre.xml (EX-101.PRE) — 25KB
• form8-k_htm.xml (XML) — 7KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 29, 2023 Presidio Property Trust, Inc. (Exact name of registrant as specified in its charter) Maryland 001-34049 33-0841255 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 4995 Murphy Canyon Road , Suite 300 San Diego , California 92123 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (760) 471-8536 Not Applicable (Former 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 communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Series A Common Stock, $0.01 par value per share SQFT The Nasdaq Stock Market LLC 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share SQFTP The Nasdaq Stock Market LLC Series A Common Stock Purchase Warrants to Purchase Shares of Common Stock SQFTW The Nasdaq Stock Market 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 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 29, 2023, Presidio Property Trust, Inc. (the "Company") entered into an amended and restated employment agreement (the "Employment Agreement") with its Chief Executive Officer, President and Chairman Jack K. Heilbron. The Employment Agreement has a term of three years and shall be automatically renewed for additional one year terms unless either party provides three months' written notice. Mr. Heilbron will receive an annual salary of $425,996 which shall be reviewed annually by the Board of Directors of the Company or Compensation Committee thereof and he will be entitled to receive, in addition to his base salary, an annual bonus at a target of up to 100% of his base salary. If Mr. Heilbron's employment is terminated for cause, as defined in the Employment Agreement, or by Mr. Heilbron without good reason, as defined in the Employment Agreement, the Company shall have no obligations other than to pay him the earned and unpaid base salary and accrued but unpaid time off through the date of termination (the "Accrued Obligations") in cash on the date of termination and provide any vested benefits required to be paid or provided or which Mr. Heilbron is eligible to receive under any plan, program, policy or practice or contract or agreement of the Company. If Mr. Heilbron's employment is terminated due to death or disability, as defined in the Employment Agreement, he, or his estate or beneficiaries in the event of his death, will be entitled to receive the Accrued Obligations, reimbursement for expenses incurred prior to the date of termination and the provision of any vested benefits required to be paid or provided or which Mr. Heilbron is eligible to receive under any plan, program, policy or practice or contract or agreement of the Company. If Mr. Heilbron terminates his employment for good reason, he will be entitled to (a) the Accrued Obligations and (b) a cash payment equal to the mean average of the cash bonus payments received by him during the immediately preceding two years, (c) for the period beginning on the date of termination and ending 12 months following such date, or earlier upon certain circumstances, healthcare benefits for himself and eligible dependents, (d) to the extent previously unpaid or provided, any vested benefits and other amounts or benefits required to be paid or provided under any plan or policy of the Company (excluding equity incentive plans) and (e) on the termination date 100% of outstanding unvested stock options,

View Full Filing

View this 8-K filing on SEC EDGAR