false 0001532619 0001532619 2024-09-26 2024-09-26 0001532619 PW:CommonSharesMember 2024-09-26 2024-09-26 0001532619 PW:Sec7.75SeriesCumulativeRedeemablePerpetualPreferredStockLiquidationPreference25PerShareMember 2024-09-26 2024-09-26 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

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): September 26, 2024

 

POWER REIT

(Exact name of registrant as specified in its charter)

 

Maryland

(State or other jurisdiction of incorporation)

 

001-36312

(Commission File Number)

 

45-3116572

(IRS Employer Identification No.)

 

301 Winding Road

Old Bethpage, NY 11804

(Address of principal executive offices and Zip Code)

 

Registrant’s telephone number, including area code: (212) 750-0371

 

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   Name of Each Exchange on Which Registered
Common Shares   PW   NYSE (American)
         
7.75% Series A Cumulative Redeemable Perpetual Preferred Stock, Liquidation Preference $25 per Share   PW.A   NYSE (American)

 

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. ☐

 

 

 

 

 

 

SECTION 5: CORPORATE GOVERNANCE AND MANAGEMENT

 

Item 5.07 Submission of Matters to a Vote of Shareholders

 

Power REIT’s (the “Trust”) 2024 Annual Meeting of shareholders was held on September 26, 2024. For more information on the following proposals, see the trust’s Proxy Statement filed August 30, 2024, the relevant portions of which are incorporated herein by reference.

 

Below are the final voting results.

 

1) Shareholders elected each of the five nominees to the Board of Trustees for a one-year term.

 

   For   Withheld 
David H. Lesser   1,094,688    128,814 
Patrick R. Haynes, III   955,352    268,150 
William S. Susman   952,585    270,917 
Dionisio D’Aguilar   957,759    265,743 

 

2) Shareholders ratified MaloneBailey LLP as the Trust’s independent audit firm for 2024.

 

For   Against   Abstain 
 1,922,180    27,542    22,122 

 

3) Shareholders approved on an advisory basis, the compensation of our named executive officers.

 

For   Against   Abstain 
 1,089,881    50,771    82,850 

 

 

 

 

Signature on Following Page

 

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.

 

Date: September 26, 2024

 

Power REIT  
     
By /s/ David H. Lesser  
  David H. Lesser  
  Chairman, CEO, Secretary, & Treasurer  

 

 

v3.24.3
Cover
Sep. 26, 2024
Document Type 8-K
Amendment Flag false
Document Period End Date Sep. 26, 2024
Entity File Number 001-36312
Entity Registrant Name POWER REIT
Entity Central Index Key 0001532619
Entity Tax Identification Number 45-3116572
Entity Incorporation, State or Country Code MD
Entity Address, Address Line One 301 Winding Road
Entity Address, City or Town Old Bethpage
Entity Address, State or Province NY
Entity Address, Postal Zip Code 11804
City Area Code (212)
Local Phone Number 750-0371
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Common Shares  
Title of 12(b) Security Common Shares
Trading Symbol PW
Security Exchange Name NYSE
7.75% Series A Cumulative Redeemable Perpetual Preferred Stock, Liquidation Preference $25 per Share  
Title of 12(b) Security 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock, Liquidation Preference $25 per Share
Trading Symbol PW.A
Security Exchange Name NYSE
Power REIT (AMEX:PW-A)
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