Company: SQFTP
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001641172-25-005264
Chunk: 11

Company: Presidio Property Trust, Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 11
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1 stand October 1 stof each year, automatically increase the maximum number of shares of common stock available under the Plan to 15% of the Company’s outstanding shares of common stock, if on such date 4,500,000 shares constitute less than 15% of the Company’s then-outstanding shares of common stock.Abstentions and broker non-votes, if any, will have no effect on the result of the vote on Proposal 3, although they will be considered present for the purpose of determining the presence of a quorum.

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Proposal 4 – Amendment to the Company’s charter to increase the number of authorized shares of preferred stock from 1,000,000 authorized shares to 2,000,000 shares. Abstentions and broker non-votes, if any, will have the same effect as votes against Proposal 4, although they will be considered present for the purpose of determining the presence of a quorum.

Proposal 5 - Amendment to the Company’s charter to clarify the procedures related to cumulative voting in the election of director.Abstentions and broker non-votes, if any, will have the same effect as votes against Proposal 5, although they will be considered present for the purpose of determining the presence of a quorum.

Proposal 6 – Approval of the compensation of our named executive officers.Abstentions and broker non-votes, if any, will no effect on the outcome of Proposal 6, although they will be considered present for the purpose of determining the presence of a quorum.

Proposal 7 – Determine the frequency of with which stockholders are provided an advisory vote regarding our named executive officer’s compensation.Abstentions and broker non-votes, if any, will have no effect on the outcome of Proposal 7, although they will be considered present for the purpose of determining the presence of a quorum.

Brokers, banks, and other nominees will be able to exercise discretionary authority to vote your uninstructed shares of common stock with respect to Proposal 2, but will not be able to exercise discretionary authority with respect to any of the other proposals described in this Proxy Statement. Therefore, we expect that there will be broker non-votes with respect to such other proposals.

Unmarked Proxy Cards.If you sign and return the enclosed proxy card or otherwise vote as directed herein, but do not mark how your shares are to be voted, the individuals named as proxies on such proxy card will vote your shares in accordance with the recommendation of the Board on the seven (7