Company: SQFTP
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001641172-25-005264
Chunk: 75

Company: Presidio Property Trust, Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 75
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 to occur promptly after the Annual Meeting.

<div align='center'>RECOMMENDATION OF THE BOARD OF DIRECTORS</div>

Our Board unanimously recommends a vote FOR approval of the Charter Amendment described in this Proposal.

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<div align='center'>PROPOSAL 5

PROPOSAL TO AMEND OUR CHARTER

TO CLARIFY CUMULATIVE VOTING PROCEDURES IN THE ELECTION OF DIRECTORS</div>

Description of Proposal

The Board has declared advisable and recommends to the stockholders an amendment (“Cumulative Voting Charter Amendment”) to the charter of the Company to clarify the time period required for submission of notice of intent to cumulate votes in the election of directors. The full text of the Cumulative Voting Charter Amendment is set forth in the Articles of Amendment attached hereto as Appendix Cand is incorporated by reference herein.

Pursuant to our charter, our stockholders currently have the right to cumulate votes for the election of directors if, after director candidates are placed in nomination, a stockholder provides notice of such stockholder’s intention to cumulate votes. Cumulative voting enables a stockholder to cumulate such stockholder’s votes for the election of a director nominee by casting a number of votes for such nominee equal to the number of directors to be elected multiplied by the number of votes to which the stockholder is entitled to cast. A stockholder may cast all of such stockholder’s votes for one nominee or allocate them among all or any nominees. Cumulative voting may enable a stockholder or group of stockholders representing a small minority of the votes cast in an election of directors to cause the election of one or more nominees.

In order to clarify the cumulative voting procedures, the Company proposes to delete the second sentence of Article V, Section 5.2.2 of charter and insert the following sentence in lieu thereof:

“As provided in the Bylaws, stockholders shall have the right to cumulate votes for the election of directors where the names of candidates are placed in nomination prior to commencement of the voting and a stockholder gives advance notice of the stockholder’s intention to cumulate votes in accordance with the advance notice period set forth in the Bylaws for the nomination of individuals for election to the Board of Directors or the proposal of other business at such annual meeting of stockholders.”

Purpose and Effect of Amendment

Our Board has determined that the current charter is potentially ambiguous as to the procedure by which a stockholder may provide notice of its intention to cumulate votes in the election of