Form 8-K
8-K — Power REIT
Accession: 0001493152-26-032424
Filed: 2026-07-08
Period: 2026-07-06
CIK: 0001532619
SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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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): July 6, 2026
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. ☐
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On July
6, 2026, the Board of Trustees (the “Board”) of Power REIT (the “Trust”) appointed Brent Morrison to serve
as an independent trustee of the Trust, effective immediately. Mr. Morrison will serve until the Trust’s next annual meeting of
shareholders and until his successor is duly elected and qualifies, or until his earlier resignation, retirement or removal in accordance
with the Trust’s governing documents.
Mr.
Morrison currently serves as Chairman of the Board, Chief Executive Officer and President of Regional Health Properties, Inc., a publicly
traded healthcare company. Mr. Morrison has significant experience leading small capitalization public companies, including public company
governance, capital markets transactions, financial reporting, strategic planning and corporate finance. The Board believes that Mr.
Morrison’s executive leadership and public company experience will provide valuable perspective as the Trust continues to pursue its
strategic objectives.
The
Board has determined that Mr. Morrison satisfies the applicable independence requirements of the NYSE American LLC Company Guide.
Mr.
Morrison will receive the Trust’s standard compensation for non-employee trustees, as approved by the Board from time to time.
There
are no arrangements or understandings between Mr. Morrison and any other person pursuant to which he was appointed as a trustee. There
are no transactions involving Mr. Morrison that would require disclosure under Item 404(a) of Regulation S-K.
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.
Date:
July 6, 2026
POWER
REIT
By
/s/
David H. Lesser
David
H. Lesser
Chairman,
CEO, Secretary & Treasurer
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Entity File Number
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Entity Registrant Name
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REIT
Entity Central Index Key
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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
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City Area Code
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Trading Symbol
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Security Exchange Name
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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
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