Form 8-K/A - Current report: [Amend]
July 21 2023 - 05:25PM
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): July 18, 2023
Medalist Diversified REIT, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Maryland | |
001-38719 | |
47-5201540 |
(State or other jurisdiction of incorporation
or organization) | |
(Commission File Number) | |
(I.R.S. Employer
Identification No.) |
1051 E. Cary Street Suite 601
James Center Three
Richmond, VA, 23219
(Address
of principal executive offices)
(804) 344-4435
(Registrant’s telephone number, including area code)
None
(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)) |
Indicate by check mark whether
the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2
of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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. ¨
Securities registered pursuant
to Section 12(b) of the Act:
Title of Each Class |
|
Name of each Exchange
on Which Registered |
|
Trading
Symbol(s) |
Common Stock, $0.01 par value |
|
Nasdaq Capital Market |
|
MDRR |
8.0% Series A Cumulative Redeemable Preferred Stock, $0.01 par value |
|
Nasdaq Capital Market |
|
MDRRP |
Explanatory Note
On July 18, 2023, Medalist Diversified REIT, Inc.
(the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) to report Colin M. Elliott’s
resignation as an employee of Gunston Consulting, LLC, and consequently as Vice President of the Company. The Company is filing this amendment
to the Original Form 8-K to disclose the terms of the Separation Agreement and General Release, by and among Gunston Consulting, LLC,
the Company, and Mr. Elliott.
Item 1.02. Termination of a Material Definitive Agreement.
The information set forth in Item 5.02 with respect
to the termination of the Elliott Agreements (as defined below) is incorporated by reference into this Item 1.02.
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 20, 2023, Mr. Elliott and the Company entered
into a Separation Agreement and General Release (the “Agreement”) related to Mr. Elliott’s resignation as an employee
of Gunston Consulting, LLC, and consequently as Vice President of the Company.
The Agreement provides for the resignation of Mr.
Elliott, effective as of July 20, 2023, and termination of (i) Mr. Elliott’s change of control of control agreement with the Company
previously filed as Exhibit 10.3 of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 and (ii) the
letter agreement dated November 30, 2022 previously filed as Exhibit 10.16 of the Company’s Annual Report on Form 10-K for the year
ended December 31, 2022 ((i) and (ii) collectively, the “Elliott Agreements”).
SIGNATURE
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.
|
MEDALIST DIVERSIFIED REIT, INC. |
|
|
|
Dated: July 21, 2023 |
By: |
/s/ C. Brent Winn, Jr. |
|
|
C. Brent Winn, Jr. |
|
|
Chief Financial Officer |
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Document Type |
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Document Period End Date |
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Entity File Number |
001-38719
|
Entity Registrant Name |
Medalist Diversified REIT, Inc.
|
Entity Central Index Key |
0001654595
|
Entity Tax Identification Number |
47-5201540
|
Entity Incorporation, State or Country Code |
MD
|
Entity Address, Address Line One |
1051 E. Cary Street Suite 601
|
Entity Address, Address Line Two |
James Center Three
|
Entity Address, City or Town |
Richmond
|
Entity Address, State or Province |
VA
|
Entity Address, Postal Zip Code |
23219
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804
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344-4435
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|
Title of 12(b) Security |
Common Stock, $0.01 par value
|
Trading Symbol |
MDRR
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Security Exchange Name |
NASDAQ
|
8.0% Series A Cumulative Redeemable Preferred Stock, $0.01 par value |
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Document Information [Line Items] |
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Title of 12(b) Security |
8.0% Series A Cumulative Redeemable Preferred Stock, $0.01 par value
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Trading Symbol |
MDRRP
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Security Exchange Name |
NASDAQ
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