Company: SQFTP
Filing Date: 2025-04-07
Form Type: PRE 14A
Source: 0001641172-25-003040
Chunk: 18

Company: Presidio Property Trust, Inc.
Filing Date: 2025-04-07
Form: PRE 14A
Chunk 18
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 otherwise specified, if you sign and return the enclosed proxy card, it will be voted “ FOR ALL”of our Board’s highly qualified and very experienced nominees to be elected to serve on the Board until the 2028 Annual Meeting of Stockholders and until their successors are duly elected and qualified: Jennifer A. Barnes and Tracie Hager.

Cooperation Agreement with Zuma Capital Management, LLC

On May 9, 2024, the Company entered into a cooperation agreement (the “Cooperation Agreement”) with Zuma Capital Management, LLC (“Zuma”) and certain individuals and entities named on the signature pages thereto (such individuals and entities, collectively and together with Zuma, the “Investor Group,” and the Investor Group, together with the Company, the “Parties”) with respect to the composition of the Board, the Annual Meeting, and certain other matters, as provided in the Cooperation Agreement.

Pursuant to the Cooperation Agreement, Zuma irrevocably withdrew the letter it submitted notifying the Company of its intent to nominate certain director candidates to the Board at the Company’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”) (such letter, as supplemented from time to time, the “Nomination Notice”), and agreed to cease all solicitation efforts in connection with the 2024 Annual Meeting.

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The Cooperation Agreement was effective upon its execution and terminates on the date on which results for the Company’s 2026 annual meeting of stockholders (including any and all adjournments, postponements, and continuations thereof, the “2026 Annual Meeting”) are certified; provided, however, that if the Company re-nominates the New Director (as defined below) or any Replacement Appointee (as defined below) at the 2026 Annual Meeting, the termination date of the Cooperation Agreement will be automatically extended until the date that the New Director or any Replacement Appointee, as applicable, is no longer a member of the Board (the “Termination Date”).

Pursuant to the Cooperation Agreement, on May 9, 2024, the Company increased the size of the Board from six to seven directors and appointed Ms. Piliptchak (the “New Director”) as a Class III director to the Board, with an initial term expiring at the 2026 Annual Meeting.

Pursuant to the Cooperation Agreement, the Company agreed that, during the period from the date of the Cooperation Agreement to the Termination Date,