Current Report Filing (8-k)
February 21 2020 - 5:22PM
Edgar (US Regulatory)
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
February 21, 2020
Date of report (Date of earliest event reported)
Condor
Hospitality Trust, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Maryland
(State or Other
Jurisdiction of Incorporation)
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1-34087
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52-1889548
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(Commission
File Number)
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(IRS Employer
Identification No.)
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4800 Montgomery Lane, Suite 220
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Bethesda, MD
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20814
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(Address of Principal Executive Offices)
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(Zip Code)
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(402) 371-2520
(Registrants Telephone Number, Including Area Code)
(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):
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act;
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Title of each class
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Trading
symbol
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Name of each exchange
on which registered
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Common stock, par value $0.01 per share
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CDOR
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NYSE American
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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 1.01 Entry into a Material Definitive Agreement.
As previously announced, on January 31, 2020 Condor Hospitality Trust, Inc. (the Company), Condor Hospitality Limited
Partnership (the Operating Partnership and together with the Company, the Company Parties), NHT Operating Partnership, LLC (Parent), NHT REIT Merger Sub, LLC (Merger Sub) and NHT Operating Partnership
II, LLC (Merger OP and, collectively with Parent and Merger Sub, the Parent Parties), entered into Amendment No. 3 (the Third Amendment) to that certain Agreement and Plan of Merger, dated as of July 19,
2019 (as amended, the Merger Agreement), by and among the Company Parties and the Parent Parties.
Pursuant to the Third
Amendment, the closing of the mergers and the previous end date for the Merger Agreement have each been extended by the Parent Parties to March 16, 2020 (previously February 28, 2020), and Parent has deposited an additional
$2 million of escrowed funds, to be used to fund, as applicable, a portion of the merger consideration or the Parent termination fee.
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.
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Condor Hospitality Trust, Inc.
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Date: February 21, 2020
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By:
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/s/ J. William Blackham
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Name:
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J. William Blackham
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Title:
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President and Chief Executive Officer
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