Medalist Diversified REIT, Inc._June 17, 2025
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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): June 20, 2025 (June 17, 2025)

 

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.)

 

P.O. Box 8436

Richmond, VA 23226

(Address of principal executive offices)

 

(804) 338-7708

(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))

 

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

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 5.07

Submission of Matters to a Vote of Security Holders

 

On June 17, 2025, Medalist Diversified REIT, Inc. (the “Company”) held its 2025 annual meeting of stockholders (the “2025 Annual Meeting), during which the stockholders: (i) elected three Class II director nominees; (ii) approved, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the Company’s proxy statement filed with the Securities and Exchange Commission on May 22, 2025; (iii) ratified the appointment of Cherry Bekaert LLP as the Company’s independent registered public accounting firm for the current fiscal year ending December 31, 2025; and (iv) approved the potential issuance of  shares of the Company’s common stock to the Company’s President and Chief Executive Officer, Mr. Francis P. Kavanaugh, in connection with the redemption of common units of limited partnership interest in Medalist Diversified Holdings, L.P. (the “Operating Partnership”). A description of each proposal voted on at the 2025 Annual Meeting, and the voting results for each such proposal, are set forth below:

Proposal No. 1: The proposal to elect three Class II directors to serve for a three-year term until the 2028 annual meeting of stockholders, until each such director’s successor is duly elected and qualified, was approved by the votes set forth below:

Nominee

Votes For

Votes Withheld

Broker Non-Votes

Marc Carlson

694,685

13,515

198,238

Lee Finley

689,442

18,757

198,239

Emanuel Neuman

683,767

24,433

198,238

Proposal No. 2: The compensation of the Company’s named executive officers was approved, on an advisory and non-binding basis, by the votes set forth below:

Votes For

Votes Against

Abstentions

Broker Non-Votes

656,057

43,497

8,646

198,238

Proposal No. 3: The appointment of Cherry Bekaert LLP as the Company’s independent registered public accounting firm for the current fiscal year ending December 31, 2025 was ratified by the votes set forth below:

Votes For

Votes Against

Abstentions

Broker Non-Votes

822,034

7,749

16,655

0

Proposal No. 4: The potential issuance of shares of the Company’s common stock to Mr. Francis P. Kavanaugh in connection with the redemption of common units of limited partnership interest in the Operating Partnership was approved by the votes set forth below:

Votes For

Votes Against

Abstentions

Broker Non-Votes

681,822

21,704

4,672

198,240

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: June 20, 2025

By:

/s/ C. Brent Winn, Jr.

 

 

C. Brent Winn, Jr.

 

 

Chief Financial Officer