Current Report Filing (8-k)
September 01 2020 - 9:07AM
Edgar (US Regulatory)
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)
August 28, 2020
PATRIOT
TRANSPORTATION HOLDING, INC.
(Exact
name of registrant as specified in its charter)
FLORIDA
(State or other jurisdiction of incorporation)
|
001-36605
(Commission
File Number)
|
47-2482414
(IRS Employer
Identification No.)
|
200 W. FORSYTH STREET, 7TH FLOOR
JACKSONVILLE, FLORIDA
(Address of principal executive offices)
|
32202
(Zip Code)
|
(904) 858-9100
(Registrant’s telephone number, including
area code)
Not Applicable
(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
|
PATI
|
Nasdaq Global Select Market
|
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. ☐
Item 1.02. Termination of a Material Definitive Agreement.
Reference is made to the
purchase and sale agreement entered into by Patriot Transportation Holding, Inc.’s subsidiary Florida Rock & Tank Lines,
Inc. (the “Company”) and White Development Company (the “Buyer”) on August 27, 2019 (the “Purchase
Agreement”), pursuant to which the Company agreed to sell 25 acres of land located in South Tampa, Florida to the Buyer for
$10,500,000. On August 28, 2020, primarily due to the uncertainties caused by COVID-19 on retail development demand, the Buyer
exercised its right to terminate the Purchase Agreement before the expiration of the “free-look” study period and the
Buyer’s deposit becoming non-refundable as set forth in the Purchase Agreement.
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.
PATRIOT
TRANSPORTATION HOLDING, INC.
Registrant
Date:
September 1, 2020 By: /s/ Matthew C. McNulty
Matthew
C. McNulty
Chief Financial Officer
Patriot Transportation (NASDAQ:PATI)
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