Form 8-K
8-K — Seven Hills Realty Trust
Accession: 0001104659-26-072328
Filed: 2026-06-10
Period: 2026-06-09
CIK: 0001452477
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
Item: Submission of Matters to a Vote of Security Holders
Item: Financial Statements and Exhibits
Documents
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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 9, 2026
Seven Hills Realty Trust
(Exact name of registrant as specified in
its charter)
Maryland
001-34383
20-4649929
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
Identification No.)
Two Newton Place
255 Washington Street, Suite 300
Newton, MA 02458
(Address of principal executive offices, including zip code)
(617)
332-9530
(Registrant’s telephone number, including area code)
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
Trading
Symbol
Name of each exchange on which registered
Common Shares of Beneficial Interest
SEVN
The Nasdaq Stock Market LLC
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. ¨
In this
Current Report on Form 8-K, the terms “we”, “us”, “our” and “the Company”
refer to Seven Hills Realty Trust.
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Jeffrey P. Somers
On June 9, 2026, Jeffrey P. Somers resigned as an Independent Trustee,
effective following the conclusion of the Company’s annual meeting of shareholders held on the same day (the “Annual Meeting”).
Mr. Somers advised the Board of Trustees (the “Board”) that his resignation was not the result of any disagreement with the
Company, its management or the Board on any matter relating to the Company’s operations, policies or practices.
Election of Mark A. Talley
Also on June 9, 2026, the Board, pursuant to a recommendation of
the Nominating and Governance Committee of the Board, elected Mark A. Talley as an Independent Trustee in Class II of the Board to
fill the vacancy caused by the resignation of Mr. Somers and to serve the remainder of Mr. Somers’s term as an
Independent Trustee. The Board appointed Mr. Talley to serve on the Audit Committee, the Compensation Committee and the Nominating and Governance Committee of the Board.
Mr. Talley, age 61, was a principal and one of the founding partners
of Greenwood Commercial Real Estate, where he primarily provided acquisition, disposition and leasing services for clients regarding office
real estate, from 2021 to 2023. Mr. Talley founded Griswold Realty Advisors in 2012 and continues to work with the firm. Mr. Talley has
served as an Independent Trustee of Office Properties Income Trust since 2022. From 2007 until 2012, Mr. Talley served as vice president
at Grubb & Ellis. Mr. Talley served as a client relationship manager at Jones Lang LaSalle (including its predecessor LaSalle Partners)
from 1995 to 2007. Mr. Talley has also held various roles in non-profit and civic leadership in the Detroit, Michigan area.
The Board concluded that Mr. Talley is qualified to serve as an Independent
Trustee in accordance with the requirements of The Nasdaq Stock Market LLC, the Securities and Exchange Commission and our governing documents.
For his service as an Independent Trustee, Mr. Talley will be entitled to the compensation we generally provide to Independent Trustees.
There is no arrangement or understanding between Mr. Talley and any other person pursuant to which Mr. Talley was selected as a Trustee.
There are no transactions, relationships or agreements between Mr. Talley and us that would require disclosure pursuant to Item 404(a) of
Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended. Mr. Talley does not have a family relationship with
any member of the Board or any of our executive officers.
In connection with his election as an Independent Trustee, we entered
into an indemnification agreement with Mr. Talley, which agreement is on substantially the same terms as the indemnification agreements
we have entered with our other Trustees and executive officers. We have previously filed a form of indemnification agreement entered into
by our Trustees with us as Exhibit 10.3 to our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2023, which form
is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, the Company’s shareholders voted on the
election of two Independent Trustees and one Managing Trustee in Class I of the Board, each for a three year term of office
continuing until the Company’s 2029 annual meeting of shareholders and until her or his respective successor is duly elected and
qualifies. The following persons were elected as Trustees and received the following votes:
Nominee
Votes
For
Withhold
Broker
Non-Votes
Ann M. Danner
12,668,995
1,063,799
5,333,706
William A. Lamkin
11,708,471
2,024,323
5,333,706
Matthew P. Jordan
13,097,434
635,360
5,333,706
The Company’s shareholders also ratified the appointment of Deloitte
& Touche LLP as the Company’s independent auditors to serve for the 2026 fiscal year. This proposal received the following votes:
For
Against
Abstain
Broker Non-Votes
18,380,982
542,376
143,142
N/A
The results reported above are final voting results.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
2
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.
SEVEN HILLS REALTY TRUST
By:
/s/
Matthew C. Brown
Name:
Matthew C. Brown
Title:
Chief Financial Officer and Treasurer
Date: June 10, 2026
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