Company: FR
Filing Date: 2025-05-08
Form Type: S-3ASR
Source: 0001193125-25-115162
Chunk: 41

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-05-08
Form: S-3ASR
Chunk 41
---
 eliminated in the future. 31

Title 3, Subtitle 8 of the MGCL Subtitle 8 of Title 3 of the MGCL allows Maryland corporations with a class of equity securities registered under the Exchange Act to elect to be governed by all or any part of certain Maryland law provisions relating to extraordinary actions and unsolicited takeovers. The election to be governed by one or more of these provisions can be made by a Maryland corporation in its charter or bylaws or by resolution adopted by the board of directors so long as the corporation has at least three directors who, at the time of electing to be subject to the provisions, are not:

| • |     | officers or employees of the corporation; |

| • |     | persons seeking to acquire control of the corporation; |

| • |     | directors, officers, affiliates or associates of any person seeking to acquire control; or |

| • |     | nominated or designated as directors by a person seeking to acquire control. |

Subtitle 8 provides that a Maryland corporation can elect to be subject to all or any portion of the following provisions notwithstanding any contrary provisions contained in its existing charter or bylaws:

| • |     | a classified board; |

| • |     | a two-thirds stockholder vote requirement for removing a director; |

| • |     | a requirement that the number of directors be fixed only by vote of the directors; |

| • |     | a requirement that a vacancy on the board be filled only by the majority vote of the remaining directors, even if                                                                                                                               
 the remaining directors do not constitute a quorum, and any such director elected to fill a vacancy shall hold office for the remainder of the full term of the directorship in which the vacancy occurred and until a successor is elected and 
 qualifies; or                                                                                                                                                                                                                                   |

| • |     | a majority stockholder vote requirement for the calling of a special meeting of stockholders. |

Through provisions in our charter and bylaws unrelated to Subtitle 8, we currently vest in our board of directors the exclusive power to fix the number of directorships and require, unless called by the Chairman of our board of directors, our President or a majority of the board of directors, the request of stockholders entitled to cast a majority of all votes entitled to be cast to call a special meeting. Restrictions on Ownership For the Company to qualify as a REIT under the Code, not more than 50% in value of its outstanding capital stock may be owned, directly or indirectly, by