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): May 16, 2023

 

 

Strawberry Fields REIT, Inc.

(Exact name of registrant as specified in its charter)

 

 

Maryland		001-41628		84-2336054
(State or Other Jurisdiction		(Commission		(I.R.S. Employer
of Incorporation)		File Number)		Identification No.)

 

6101 Nimtz Parkway

South Bend, Indiana 46628

(Address of Principal Executive Office) (Zip Code)

 

(574) 807-0800

(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(s)		Name of each exchange on which registered
Common stock, $0.00001 par value		STRW		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 checkmark 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 May 16, 2023, Strawberry Fields REIT, Inc. (the “Company”) held its 2023 annual meeting of stockholders (the “Annual Meeting”). The record date (the “Record Date”) for the Annual Meeting was April 6, 2023. As of the Record Date, the Company had issued and outstanding 6,365,856 shares of common stock, par value $0.0001 per share (the “Common Stock”).

 

Represented at the Annual Meeting, in person or by proxy, were the holders of 4,529,943 shares of Common Stock, thereby constituting a quorum. Each share of Common Stock had one vote. The matters that were voted on at the Annual Meeting, and the number of votes cast for or against/withheld, as well as the number of abstentions, as to such matters, where applicable, are set forth below. Of the shares present at the Annual Meeting, 797,396 were broker non-votes, and were not included in any of the figures below, except for the vote in favor of the ratification of Hacker, Johnson and Smith, P.A., as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2023.

 

Proposal No. 1. To elect five directors for a one-year term and until each of their successors are elected and qualified.

 

		Votes For		Votes Withheld
Moishe Gubin		3,732,547		0
Essel Bailey		3,725,806		6,741
Michael Blisko		3,732,266		281
Jack Levine		3,725,806		6,741
Reid Shapiro		3,719,504		13,043

 

Proposal No. 2. To approve, in a non-binding advisory vote, the compensation of the Company’s Chief Executive Officer, Chief Financial Officer and Chief Investment Officer, the Company’s three most highly compensated executive officers.

 

Votes For		Votes Against		Abstentions
3,644,616		41		87,890

 

Proposal No. 3. To determine, in a non-binding advisory vote, the desired frequency of future non-binding votes on the compensation of the Company’s Named Executive Officers every year, every two years or every three years.

 

One Year		Two Years		Three Years		Abstentions
114,717		598,306		2,936,476		83,048

 

Proposal No. 4. To ratify the appointment of Hacker, Johnson & Smith, P.A. as the Company’s independent certified public accounting firm for the fiscal year ending December 31, 2023.

 

Votes For		Votes Against		Abstentions
4,413,008		34,807		82,128

 

As a result of the above votes, all director nominees were elected and Proposal Nos. 2 and 4 were approved. For Proposal No. 3, the Three-Year option received the most votes. Based on the votes on Proposal No. 3, the Company has decided that it will hold its next non-binding advisory vote on the Compensation of its Named Executive Officers in three years, at the Company’s Annual Meeting in 2026.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.		Description of Exhibit
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

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.

 

	Strawberry Fields REIT, Inc.
Dated: May 19, 2023	By:	/s/ Moishe Gubin
		Moishe Gubin
		Chief Executive Officer and Chairman