Current Report Filing (8-k)
09 Juni 2022 - 11:00PM
Edgar (US Regulatory)
false 0001332551 0001332551 2022-06-08
2022-06-08 0001332551 us-gaap:CommonStockMember 2022-06-08
2022-06-08 0001332551 us-gaap:SeriesCPreferredStockMember
2022-06-08 2022-06-08 0001332551
us-gaap:SeriesDPreferredStockMember 2022-06-08 2022-06-08
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): June 8, 2022
ACRES Commercial Realty Corp.
(Exact name of registrant as specified in its charter)
|
Maryland
|
|
1-32733
|
|
20-2287134
|
|
(State or other jurisdiction of
|
|
(Commission File Number)
|
|
(IRS Employer Identification No.)
|
|
incorporation)
|
|
|
|
|
|
|
|
|
|
|
|
390 RXR Plaza
|
|
|
|
|
|
Uniondale,
NY
|
|
|
|
11556
|
|
(Address of principal executive offices)
|
|
|
|
(Zip Code)
|
|
|
|
|
|
|
|
Registrant’s telephone number, including area code: 516-535-0015
|
|
|
|
|
|
|
|
N/A
|
|
(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 (see General
Instruction A.2. below):
|
☐
|
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
|
|
Common Stock, $0.001 par value
|
|
ACR
|
|
New York Stock Exchange
|
|
8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred
Stock
|
|
ACRPrC
|
|
New York Stock Exchange
|
|
7.875% Series D Cumulative Redeemable Preferred Stock
|
|
ACRPrD
|
|
New York Stock Exchange
|
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
5.07
|
Submission of Matters to a Vote of Security Holders.
|
On June 8, 2022, ACRES Commercial Realty Corp. (the “Company”) held
its 2022 Annual Meeting of Stockholders at which its stockholders:
(i) elected nine directors: Messrs. Andrew Fentress, Mark S. Fogel,
William B. Hart, Gary Ickowicz, Steven J. Kessler, Murray S. Levin
and P. Sherrill Neff and Mses. Karen Edwards and Dawanna Williams
to serve until the next annual meeting of stockholders in 2023;
(ii) approved, in an advisory vote, the compensation of the
Company’s named executive officers and (iii) ratified the
appointment of Grant Thornton LLP as the Company’s independent
registered public accounting firm for the year ending December 31,
2022.
The voting results were as follows:
|
Election of Directors
|
|
Shares For
|
|
|
Shares Against
|
|
|
Abstentions
|
|
|
Broker Non-Votes
|
|
|
Ms. Edwards
|
|
|
4,039,142
|
|
|
|
278,163
|
|
|
|
23,218
|
|
|
|
2,517,317
|
|
|
Mr. Fentress
|
|
|
4,042,976
|
|
|
|
282,064
|
|
|
|
15,483
|
|
|
|
2,517,317
|
|
|
Mr. Fogel
|
|
|
4,048,189
|
|
|
|
276,666
|
|
|
|
15,668
|
|
|
|
2,517,317
|
|
|
Mr. Hart
|
|
|
4,043,667
|
|
|
|
281,352
|
|
|
|
15,504
|
|
|
|
2,517,317
|
|
|
Mr. Ickowicz
|
|
|
4,037,750
|
|
|
|
286,832
|
|
|
|
15,941
|
|
|
|
2,517,317
|
|
|
Mr. Kessler
|
|
|
4,039,767
|
|
|
|
285,237
|
|
|
|
15,519
|
|
|
|
2,517,317
|
|
|
Mr. Levin
|
|
|
4,018,018
|
|
|
|
298,238
|
|
|
|
24,267
|
|
|
|
2,517,317
|
|
|
Mr. Neff
|
|
|
4,034,049
|
|
|
|
283,008
|
|
|
|
23,466
|
|
|
|
2,517,317
|
|
|
Ms. Williams
|
|
|
4,006,632
|
|
|
|
310,563
|
|
|
|
23,328
|
|
|
|
2,517,317
|
|
A proposal to approve, in an advisory vote, the compensation of the
Company’s named executive officers:
|
Shares For
|
|
|
Shares Against
|
|
|
Abstentions
|
|
|
Broker Non-Votes
|
|
|
|
3,965,407
|
|
|
|
270,555
|
|
|
|
104,561
|
|
|
|
2,517,317
|
|
A proposal to ratify the appointment of Grant Thornton LLP as the
Company’s independent registered public accounting firm for the
year ending December 31, 2022:
|
Shares For
|
|
|
Shares Against
|
|
|
Abstentions
|
|
|
|
|
|
6,777,099
|
|
|
|
60,389
|
|
|
|
20,352
|
|
|
|
|
Item 9.01
|
Financial Statements and Exhibits.
|
|
Exhibit No.
|
|
Description
|
|
104
|
|
Cover Page Interactive Data File (embedded within the Inline XBRL
document).
|
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.
|
|
|
|
ACRES COMMERCIAL REALTY CORP.
|
|
|
|
|
|
|
|
Date:
|
June 9, 2022
|
|
|
|
|
|
|
|
By:
|
/s/ Jaclyn Jesberger
|
|
|
|
|
|
Jaclyn Jesberger
|
|
|
|
|
|
Senior Vice President, Chief Legal Officer and Secretary
|
ACRES Commercial Realty (NYSE:ACR-D)
Historical Stock Chart
Von Jul 2022 bis Aug 2022
ACRES Commercial Realty (NYSE:ACR-D)
Historical Stock Chart
Von Aug 2021 bis Aug 2022
