Company: SQFTP
Filing Date: 2025-12-15
Form Type: S-11
Source: 0001493152-25-027787
Chunk: 62

Company: Presidio Property Trust, Inc.
Filing Date: 2025-12-15
Form: S-11
Chunk 62
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 MGCL permits a Maryland corporation with a class of equity securities registered under the Exchange Act and at least three independent directors to elect, by provision in its charter or bylaws or a resolution of its Board of Directors and notwithstanding any contrary provision in the charter or bylaws, to be subject to any or all of five provisions, including:

| ● | a                                                                                                                                        
 classified Board of Directors;                                                                                                           |
| ● | a                                                                                                                                        
 two-thirds vote requirement for removing a director;                                                                                     |
| ● | a                                                                                                                                        
 requirement that the number of directors be fixed only by vote of the Board of Directors;                                                |
| ● | a                                                                                                                                        
 requirement that a vacancy on the Board of Directors be filled only by a vote of the remaining directors in office and for the remainder 
 of the full term of the class of directors in which the vacancy occurred and until a successor is elected and qualifies; and             |
| ● | a                                                                                                                                        
 majority requirement for the calling of a stockholder-requested special meeting of stockholders.                                         |

The Company elected to be subject to the classified board provisions of Subtitle 8 of the MGCL. Through provisions in our charter and bylaws unrelated to Subtitle 8, we (1) vest in our Board of Directors the exclusive power to fix the number of directors, provided that the number of directors shall never be less than six nor more than eleven, unless otherwise approved by a majority of all the votes entitled to be cast by stockholders on the matter and (2) require, unless called by our Chairman, our Chief Executive Officer, our President or our Board of Directors, the request of stockholders entitled to cast not less than a majority of all the votes entitled to be cast at the meeting to call a special meeting of stockholders.

Special Meetings of Stockholders

Pursuant to our bylaws, our Chairman, our Chief Executive Officer, our President or our Board of Directors may call a special meeting of our stockholders. Subject to the provisions of our bylaws, a special meeting of our stockholders to act on any matter that may properly be considered by our stockholders will also be called by our secretary upon the written request of stockholders entitled to cast a majority of all the votes entitled to be cast at the meeting on such matter, accompanied by the information required by our bylaws. Our secretary will inform the requesting stockholders of the reasonably estimated cost of preparing and delivering the notice of meeting (including our proxy materials), and the requesting stockholder must pay such estimated cost before our secretary may