Company: SQFTP
Filing Date: 2025-04-07
Form Type: PRE 14A
Source: 0001641172-25-003040
Chunk: 77

Company: Presidio Property Trust, Inc.
Filing Date: 2025-04-07
Form: PRE 14A
Chunk 77
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 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 directors. The principal purpose and effect of the Cumulative Voting Charter Amendment is to clarify the time period for the submission of such notice. If the Cumulative Voting Charter Amendment is approved, our charter will provide that any notice by a stockholder of such stockholder’s intention to cumulate votes in the election of directors must be provided to the Company in accordance with the time period set forth in our Bylaws for the advance notice of director nominations and other business proposals to be considered at a meeting of stockholders. Please see “Stockholder Proposals and Director Nominations” below.

If Proposal 5 is approved by the Company’s stockholders, then the Company will file the Articles of Amendment containing the text of the Cumulative Voting Charter Amendment set forth in Appendix Cto this Proxy Statement for record with the State Department of Assessments and Taxation of Maryland, which we expect to occur promptly after the Annual Meeting. If both Proposal 4 and Proposal 5 are approved by the Company’s stockholders, the Company may combine the Articles of Amendment set forth in Appendix Band Appendix Cinto one document to be filed with the State Department of Assessments and Taxation of Maryland.

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

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

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<div align='center'>PROPOSAL 6

ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION</div>

Section 14A of the Exchange Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank Act”), entitles our stockholders an opportunity to vote to approve, on a non-binding, advisory basis, the compensation of our named executive officers as disclosed pursuant to Item 402 of Regulation S-K in this Proxy Statement in accordance with the compensation disclosure rules of the SEC.

As described in detail under the heading “Executive Compensation,” we seek to closely