Zoned Properties, Inc. Files 8-K on Shareholder Votes and Disclosures
Ticker: ZDPY · Form: 8-K · Filed: Apr 23, 2024 · CIK: 1279620
| Field | Detail |
|---|---|
| Company | Zoned Properties, Inc. (ZDPY) |
| Form Type | 8-K |
| Filed Date | Apr 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, disclosure, shareholder-meeting
Related Tickers: ZDP
TL;DR
Zoned Properties (ZDP) filed an 8-K today covering shareholder votes and other disclosures. Keep an eye on the outcomes.
AI Summary
On April 23, 2024, Zoned Properties, Inc. filed an 8-K report detailing a shareholder meeting where proposals were voted on. The company also disclosed information related to Regulation FD and other events. The filing includes financial statements and exhibits.
Why It Matters
This filing provides transparency on corporate governance actions and regulatory disclosures, which can impact investor confidence and the company's operational direction.
Risk Assessment
Risk Level: low — The filing is a routine 8-K reporting on shareholder votes and disclosures, not indicating immediate financial distress or significant new risks.
Key Players & Entities
- Zoned Properties, Inc. (company) — Registrant
- April 23, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of Incorporation
FAQ
What specific proposals were voted on by the security holders of Zoned Properties, Inc.?
The filing indicates that matters were submitted to a vote of security holders, but the specific proposals are not detailed in the provided text.
What is the significance of the Regulation FD Disclosure mentioned in the filing?
Regulation FD (Fair Disclosure) ensures that material information is broadly disseminated to the public, preventing selective disclosure to analysts or institutional investors.
What does the 'Other Events' section typically cover in an 8-K filing?
The 'Other Events' section is used to report material events that the company deems important enough to disclose to investors but do not fit into other specific 8-K item categories.
When was Zoned Properties, Inc. incorporated, and in which state?
Zoned Properties, Inc. was incorporated in Nevada.
What is the primary business of Zoned Properties, Inc. according to the SIC code?
According to the Standard Industrial Classification (SIC) code provided, Zoned Properties, Inc. is involved in 'Operators of Nonresidential Buildings'.
Filing Stats: 741 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-04-23 08:05:14
Key Financial Figures
- $1 million — Company is authorized to purchase up to $1 million of its common stock over an unlimited t
Filing Documents
- ea0204441-8k_zoned.htm (8-K) — 28KB
- ea020444101ex99-1_zoned.htm (EX-99.1) — 11KB
- 0001213900-24-035119.txt ( ) — 208KB
- zdpy-20240423.xsd (EX-101.SCH) — 3KB
- zdpy-20240423_lab.xml (EX-101.LAB) — 33KB
- zdpy-20240423_pre.xml (EX-101.PRE) — 22KB
- ea0204441-8k_zoned_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote
Item 5.07. Submission of Matters to a Vote of Security Holders. On April 23, 2024, following approval by the Board of Directors (the "Board") of Zoned Properties, Inc. (the "Company"), stockholders holding all of the Company's outstanding preferred stock approved a stock repurchase program (the "Repurchase Program"), pursuant to which the Company is authorized to purchase up to $1 million of its common stock over an unlimited time period. Each of the two preferred stockholders holds 1,000,000 shares, or 50% of the outstanding preferred stock. Together, the preferred stockholders hold 100% of the outstanding preferred stock.
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On April 23, 2024, the Company issued a press release announcing that its Board has approved the Repurchase Program. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information included in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth under this Item 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K.
01. Other Events
Item 8.01. Other Events. On April 23, 2024, the Company's Board approved the Repurchase Program, pursuant to which the Company is authorized to purchase up to $1 million of its common stock over an unlimited time period. Repurchases under the Repurchase Program (i) shall be effectuated from time to time in the open market at prevailing market prices, in privately negotiated transactions, pursuant to one or more Rule 10b5-1 plans, or otherwise, (ii) shall be in accordance with the terms of Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, and (iii) shall be made in accordance with applicable laws and regulations in effect from time to time.
01 Financial Statement and Exhibits
Item 9.01 Financial Statement and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release of the registrant dated April 23, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1
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. ZONED PROPERTIES, INC. Dated: April 23, 2024 /s/ Bryan McLaren Bryan McLaren Chief Executive Officer & Chief Financial Officer 2