Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 21

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 1
Chunk 21
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 ability to influence corporate affairs.

The
Company’s President, Chief Executive Officer, and Chairman of the Board of Directors, John V. Winfield is a 70.1% beneficial shareholder
of the Company. Because of this concentrated stock ownership, Mr. Winfield will be able to significantly influence the election of the
Company’s board of directors and all other decisions on all matters requiring shareholder approval. As a result, the ability of
other shareholders to determine the management and policies of the Company is significantly limited. The interests of the Company’s
largest shareholder may differ from the interests of other shareholders with respect to the issuance of shares, business transactions
with or sales to other companies, selection of officers and directors and other business decisions. This level of control may also have
an adverse impact on the market value of our shares because our largest shareholder may institute or undertake transactions, policies
or programs that may result in losses, may not take any steps to increase our visibility in the financial community and/or may sell enough
shares to significantly decrease our price per share. Furthermore, this concentration of ownership could delay or prevent a change in
control that other shareholders may view as beneficial, and could reduce the marketability or liquidity of our common stock. Minority
shareholders may have limited recourse to influence corporate decisions, including those relating to mergers, acquisitions, or other
strategic transactions.

Our
financial statements do not reflect market values of our real estate; therefore, our book equity may understate (or overstate) the value
realizable upon sale. 

GAAP
requires us to carry real estate at historical cost less accumulated depreciation and impairment. We do not mark our properties to market.
Consequently, our reported asset values and shareholders’ equity may differ significantly from amounts that could be realized in
a current market sale. We have not obtained portfolio-wide third-party appraisals. Any monetization would be subject to market conditions,
buyer demand, due diligence findings, transaction costs and taxes, and may result in proceeds that are materially lower (or higher) than
carrying value.

Many
of the risk factors described above should be read in conjunction with the cautionary statement regarding forward-looking statements
contained in Item 7: Management’s Discussion and Analysis of Financial Condition and Results of Operations and in the ‘Forward-looking
Statements’ section of this Annual Report on Form 10-K.

13

Item
1B. Unresolved Staff Comments.

None.

Item
1C. Cybersecurity.

The
Company maintains cybersecurity