Company: LXP
Filing Date: 2025-11-12
Form Type: 8-K
Source: 0000910108-25-000074
Chunk: 4

Company: LXP Industrial Trust
Filing Date: 2025-11-12
Form: 8-K
Item: Item 8.01
Chunk 4
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Item 8.01 Other Events.

As previously announced, the Trust completed a one-for-five Reverse Split of the outstanding Common Shares, effective at 5:00 p. m. ET on November 10, 2025. As a result of the Reverse Split, there are approximately 59.2 million Common Shares issued and outstanding.

As a result of the Reverse Split, effective November 10, 2025, the conversion rate of the Trust's 6.50% Series C Preferred Stock adjusted from a conversion rate of approximately 2.4339 Common Shares per share of 6.50% Series C Preferred Stock to approximately 0.48678 Common Shares per share of 6.50% Series C Preferred Stock.

The previously announced quarterly dividend of $0.14 per Common Share for shareholders of record as of December 31, 2025 will be $0.70 per share after accounting for the Reverse Split.

The Trust has registration statements on Form S-3ASR (File No. 333-277142) and registration statements on Form S-8 (File No. 333-288228, 333-266016, 333-102232, 333-85625 and 33-85658) on file with the Securities and Exchange Commission (the “ Commission”). Commission regulations permit the Trust to incorporate by reference future filings made with the Commission pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the termination of the offerings covered by registration statements filed on Form S-3ASR or Form S-8. The information incorporated by reference is considered to be part of the prospectus included within each of those registration statements. Information in this Item 8.01 of this Current Report on Form 8-K is therefore intended to be automatically incorporated by reference into each of the active registration statements listed above, thereby amending them. Pursuant to Rule 416(b) under the Securities Act, the amount of undistributed Common Shares deemed to be covered by the effective registration statements of the Trust described above are proportionately reduced as of the Effective Time to give effect to the Reverse Split.

Item 9.01. Financial Statements and Exhibits.

   (d)      Exhibits                                                                
   3.1      Articles of Amendment to the Amended and Restated Declaration of Trust  
  10.1      Amendment to the LXP Industrial Trust 2022 Equity-Based Award Plan      
  99.1