# EDGAR Filing Document

**Accession Number:** 0001593222
**File Stem:** 0001193125-26-009080
**Filing Date:** 2026-1
**Character Count:** 25034
**Document Hash:** 866540cb7788ae5d59765bbe55adecab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-009080.hdr.sgml**: 20260109

**ACCESSION NUMBER**: 0001193125-26-009080

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260109

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Changes in Control of Registrant

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260109

**DATE AS OF CHANGE**: 20260109

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** City Office REIT, Inc.
- **CENTRAL INDEX KEY:** 0001593222
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 981141883
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36409
- **FILM NUMBER:** 26523807

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUITE 3210 - 666 BURRARD STREET
- **CITY:** VANCOUVER
- **PROVINCE COUNTRY:** Z4
- **BUSINESS PHONE:** 1-604-806-3353

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUITE 3210 - 666 BURRARD STREET
- **CITY:** VANCOUVER
- **PROVINCE COUNTRY:** Z4

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of The Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): January 9, 2026

## City Office REIT, Inc.

#### (Exact Name of Registrant as Specified in Its Charter)

---

| | | |
|:---|:---|:---|
| **Maryland** | **001-36409** | **98-1141883** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(I.R.S. Employer<br>Identification No.)** |

---

---

| | |
|:---|:---|
| **666 Burrard Street, Suite 3210,** |  |
| **Vancouver, British Columbia** | **V6C 2X8** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

(604) 806-3366

#### (Registrant's telephone number, including area code)

#### Not Applicable

#### (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<u>see</u> General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading<br>Symbols** | **Name of Each Exchange<br>on Which Registered** |
| Common Stock, $0.01 par value | CIO | New York Stock Exchange |
| 6.625% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share | CIO.PrA | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

#### Introductory Note
On January 9, 2026 (the "Closing Date"), City Office REIT, Inc., a Maryland corporation (the "Company"), completed its previously announced merger (the "Merger") with MCME Carell Merger Sub, LLC, a Maryland limited liability company ("Merger Sub") and a wholly owned subsidiary of MCME Carell Holdings, LP, a Delaware limited partnership ("Parent"), pursuant to the Agreement and Plan of Merger, dated as of July 23, 2025 (the "Merger Agreement"), by and among the Company, Parent and Merger Sub. At the effective time of the Merger (the "Effective Time"), the Company merged with and into Merger Sub, with Merger Sub surviving as a wholly owned subsidiary of Parent (the "Surviving Company"). Capitalized terms used but not defined in this Current Report on Form 8-K have the meanings given to them in the Merger Agreement, which is incorporated by reference herein as described below.

---

| | |
|:---|:---|
| **Item 1.02** | **Termination of a Material Definitive Agreement.**  |

---

On the Closing Date, Parent paid (or caused to be paid) to the lenders under that certain Credit Agreement, dated as of March 15, 2018, by and among City Office REIT Operating Partnership, L.P., the Company, Keybank National Association and the other lenders party thereto (as amended, modified or otherwise supplemented, the "Credit Agreement") the amount specified in such payoff letter with respect thereto (including after giving effect to any per diem amount specified therein, to the extent applicable) to discharge all outstanding obligations of the Company and its subsidiaries under the Credit Agreement (including the release and discharge of any related guarantees, liens and security interests) and to terminate the commitments thereunder.

The material terms of the Credit Agreement are more fully described in the Company's Current Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on November 21, 2025, which description is incorporated herein by reference. The description of the Credit Agreement incorporated by reference is not complete and is subject to and entirely qualified by reference to the full text of the Credit Agreement.

---

| | |
|:---|:---|
| **Item 2.01** | **Completion of Acquisition or Disposition of Assets.**  |

---

The information set forth in the Introductory Note and Items 3.01, 5.01, 5.02, and 8.01 is incorporated herein by reference.

As a result of the Merger, in accordance with the terms and conditions of the Merger Agreement, at the Effective Time, each share of common stock of the Company, par value $0.01 per share (the "Common Stock"), issued and outstanding immediately prior to the Effective Time (other than certain excluded shares owned, directly or indirectly, by Parent, Merger Sub or the Company), was cancelled and converted automatically into the right to receive $7.00 in cash, without interest and subject to deduction for any required withholding tax (the "Merger Consideration"). In addition, as previously disclosed, on December 4, 2025, the Company delivered notices of redemption with respect to all issued and outstanding shares of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share (the "Series A Preferred Stock") to holders of the Series A Preferred Stock. As a result of the Merger, in accordance with the terms and conditions of the Merger Agreement, each issued and outstanding share of the Series A Preferred Stock was redeemed for cash at $25.00 per share (the "Preferred Merger Consideration"), plus any accrued and unpaid distributions (whether or not declared), and subject to deduction for any required withholding tax.

In accordance with the terms and conditions of the Merger Agreement, immediately prior to the Effective Time, any outstanding equity awards of the Company were treated as provided therein. Each Company RSU Award outstanding as of immediately prior to the Effective Time, whether vested or unvested, automatically became fully vested, was cancelled and converted into the right to receive a cash payment equal to the Merger Consideration multiplied by the number of underlying shares, less applicable withholding. Each Company PSU Award outstanding as of immediately prior to the Effective Time, whether vested or unvested, (1) automatically vested based on the actual level of achievement of the applicable performance goals measured through immediately prior to the Effective Time and (2) was cancelled and converted into the right to receive a cash payment equal to the Merger Consideration multiplied by the number of shares so vested, less applicable withholding.

------

As of the Effective Time, the Company Incentive Plan was terminated and no holder of a Company Stock Award or any participant in the Company Incentive Plan or any other employee incentive or benefit plan, program or arrangement or any non-employee director plan maintained by the Company has any rights to acquire, or other rights in respect of, the capital stock of the Company, the Surviving Company, or any of their Subsidiaries, except the right to receive the payments contemplated in cancellation and settlement thereof.

The representations, warranties and covenants contained in the Merger Agreement and the agreements described herein were made only for purposes of such agreements and as of the specific date (or dates) set forth therein, were solely for the benefit of the parties to the applicable agreements and are subject to certain limitations as agreed upon by the contracting parties. In addition, the representations, warranties and covenants contained in the applicable agreements may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors are not third-party beneficiaries of the agreements and should not rely on the representations, warranties and covenants contained therein, or any descriptions thereof, as characterizations of the actual state of facts or conditions of the Company. The representations and warranties made by the Company are, subject to certain exceptions, qualified by disclosures made in such party's disclosure schedules and SEC filings. Moreover, information concerning the subject matter of the representations and warranties may change after the Closing Date.

The Merger was subject to the approval of the Company's stockholders and the satisfaction or waiver of other customary closing conditions, including (a) the absence of any law, injunction, judgment, order, decree or ruling restraining or prohibiting consummation of the Merger; (b) the receipt of certain third party consents; (c) the receipt of consents from the applicable third parties relating to certain ground leases required under the Phoenix Sale Agreement (as described below) and the sale of certain properties sold pursuant to and in accordance with the Phoenix Sale Agreement; (d) the delivery of a written tax opinion to the effect that, as of December 31, 2014 until the Effective Time, the Company has been organized and operated in accordance with the requirements for qualification and taxation as a REIT; and (e) no event of default that is incapable of being cured or capable of being cured but still continuing shall have occurred and be continuing under certain of the Company's loan documents, all of which conditions were satisfied or waived prior to the Effective Time.

The foregoing description of the Merger and the Merger Agreement is qualified in its entirety by reference to the Merger Agreement, which was filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed on July 24, 2025 and is incorporated by reference herein.

---

| | |
|:---|:---|
| **Item 3.01** | **Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.**  |

---

The information set forth in the Introductory Note and Item 2.01 is incorporated herein by reference.

On January 9, 2026, the Company (i) notified the New York Stock Exchange (the "NYSE") of the consummation of the Merger and (ii) requested that the NYSE (A) suspend trading of the Common Stock and the Series A Preferred Stock on the NYSE effective prior to the opening of trading on January 9, 2026, and (B) file with the SEC a Form 25 Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to delist the shares of the Common Stock and the Series A Preferred Stock from the NYSE and deregister the Common Stock and the Series A Preferred Stock under Section 12(b) of the Exchange Act. As a result, the Common Stock and the Series A Preferred Stock will no longer be listed on the NYSE. Upon effectiveness of the Form 25, the Company intends to file with the SEC a certification on Form 15 under the Exchange Act, requesting the suspension of the Company's reporting obligations under Sections 13 and 15(d) of the Exchange Act.

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| | |
|:---|:---|
| **Item 3.03** | **Material Modification to Rights of Security Holders.**  |

---

The information set forth in the Introductory Note and Items 2.01, 3.01, 5.01 and 5.03 is incorporated herein by reference.

As a result of the Merger, each share of Common Stock that was issued and outstanding prior to the Effective Time (except as described in the Merger Agreement) was cancelled and converted automatically, at the Effective Time, into the right to receive the Merger Consideration and each share of Series A Preferred Stock that was issued and outstanding prior to the Effective Time was redeemed, prior to the Effective Time, in exchange for the Preferred Merger Consideration. Accordingly, at the Effective Time, the holders of such shares of Common Stock and Series A Preferred Stock ceased to have any rights as security holders of the Company, other than the right to receive the Merger Consideration and the Preferred Merger Consideration, respectively.

------

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| | |
|:---|:---|
| **Item 5.01** | **Changes in Control of Registrant.**  |

---

The information set forth in the Introductory Note and Items 2.01, 3.01, 3.03 and 5.03 is incorporated herein by reference.

As a result of the consummation of the Merger, a change of control of the Company occurred, and the Company merged with and into Merger Sub, the separate existence of the Company ceased, and Merger Sub survived the Merger as a wholly owned subsidiary of Parent.

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| | |
|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**  |

---

The information set forth in the Introductory Note and Item 2.01 is incorporated herein by reference.

At the Effective Time, each member of the board of directors of the Company resigned as a director of the Company and the officers of Merger Sub immediately prior to the Merger Effective Time became the officers of the Surviving Company, each to serve in accordance with the MGCL and the governing documents of the Surviving Company.

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| | |
|:---|:---|
| **Item 5.03** | **Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.**  |

---

The information set forth in the Introductory Note and Item 2.01 is incorporated herein by reference.

At the Effective Time, by operation of law and in accordance with the Merger Agreement, the articles of organization of Merger Sub as in effect immediately prior to the Effective Time became the articles of organization of the Surviving Company. At the Effective Time, by operation of law and in accordance with the Merger Agreement, the limited liability agreement of Merger Sub as in effect immediately prior to the Effective Time became the limited liability agreement of the Surviving Company.

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| | |
|:---|:---|
| **Item 8.01** | **Other Events.**  |

---

On January 9, 2026, the Company and MCME Carell issued a joint press release announcing, among other things, the consummation of the Merger. A copy of that press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information in Exhibit 99.1 attached hereto shall not be deemed filed for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in filings under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

---

---

| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| 2.1\* | [Agreement and Plan of Merger, dated July 23, 2025, by and among MCME Carell Holdings, LP, MCME Carell Merger Sub, LLC, and City Office REIT, Inc. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by the Company on July 24, 2025).](http://www.sec.gov/Archives/edgar/data/1593222/000119312525163765/d923147dex21.htm) |
| 99.1 | [Joint Press Release issued by City Office REIT, Inc., Elliott Investment Management L.P. and Morning Calm Management, LLC on January 9, 2026.](d52082dex991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

\* Previously filed.

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | CITY OFFICE REIT, INC. | CITY OFFICE REIT, INC. |
| Date: January 9, 2026 | By: | /s/ Anthony Maretic |
|  | Name: | Anthony Maretic |
|  | Title: | Chief Financial Officer, Secretary and Treasurer |

---

## Exhibit 99.1

**Exhibit 99.1** 

**MCME Carrell Completes Acquisition of City Office REIT** 

NEW YORK — January 9, 2026 — A joint venture between Elliott Investment Management L.P. (together with its affiliates, "Elliott") and Morning Calm Management, LLC (collectively, "MCME Carell") announced today that MCME Carrell has completed its previously announced acquisition of City Office REIT, Inc. (NYSE: CIO) ("City Office REIT" or "CIO") for $7.00 per share of common stock. As a result of the transaction, CIO's common stock will no longer be listed on any public market.

James Farrar, City Office REIT's Chief Executive Officer, said "Today's closing concludes the delivery of immediate and significant value to CIO's shareholders as a result of the acquisition. This outcome, with over 98% of voting stockholders supporting the acquisition, reinforces the merits of the transaction and speaks to the hard work our team has done throughout this process."

Mukang Cho, Chief Executive Officer of Morning Calm Management, LLC, commented "We are pleased to have completed this transaction and are excited to have commenced our work to create value within this portfolio. This investment furthers our partnership with Elliott to pursue opportunities in the US commercial real estate space and underscores our partnership's continued belief in the recovery of the office sector. We expect to continue to invest in high-quality commercial real estate assets where we see value resulting from the dislocation of the broader sector."

**Advisors** 

Raymond James & Associates, Inc. and Jones Lang LaSalle Securities, LLC acted as City Office REIT's exclusive financial advisors. DLA Piper LLP (US) served as City Office REIT's special M&A legal counsel, and Hogan Lovells US LLP served as City Office REIT's corporate legal counsel. Eastdil Secured acted as the MCME Carell's financial advisor, and Gibson Dunn & Crutcher LLP served as its legal counsel.

**About MCME Carell** 

MCME Carell is an affiliate of Elliott Investment Management L.P. and Morning Calm Management, LLC. Elliott Investment Management L.P. (together with its affiliates, "Elliott") is a multi-strategy investment manager and one of the oldest funds of its kind under continuous management. As of June 20, 2025, Elliott manages approximately $76.1 billion in assets. Morning Calm Management, LLC is an investment and management firm with a focus on special situation investing and commercial real estate credit. The firm owns approximately 11 million square feet of commercial real estate on behalf of institutional and private capital and manages a series of investment strategies across the real estate capital structure.

**Forward-looking Statements** 

This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements contained in this press release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements within the meaning of the federal securities laws and as such are based upon the Company's current beliefs as to the outcome and timing of future events. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "approximately," "anticipate," "assume," "believe," "budget," "contemplate," "continue," "could," "estimate," "expect," "future," "hypothetical," "intend," "may," "outlook," "plan," "potential," "predict," "project," "seek," "should," "target," "will" or other similar words or expressions.

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There can be no assurance that actual results of forward-looking statements, including but not limited to the consummation of the proposed Merger, will be those anticipated by the Company. Forward-looking statements presented in this press release are based on management's beliefs and assumptions made by, and information currently available to, management. Many factors, including the following, could cause actual results to differ materially from the forward-looking statements set forth in this press release: the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement contemplating the Merger (the "Merger Agreement") or the pending Pima Center disposition; the outcome of any legal proceedings that have been or may be instituted against the Company and others following announcement of the Merger Agreement; the inability to complete the proposed Merger due to the failure to satisfy the conditions to the Merger, including meeting the closing conditions more fully described in the Merger Agreement; risks that the proposed Merger disrupts current plans and operations of the Company; potential difficulties in employee retention as a result of the proposed Merger; legislative, regulatory and economic developments; risks related to disruption of management's attention from the Company's ongoing business operations due to the proposed Merger; the effect of the announcement of the proposed Merger and the pending Pima Center disposition on the Company's relationships with tenants, operating results and business generally, changes in global, regional or local political, economic, business, competitive, market, regulatory and other factors described in the Company's news releases and filings with the SEC, including but not limited to those described in the Form 10-K under the heading "Risk Factors" and in the Company's subsequent reports filed with the SEC, many of which are beyond the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove to be incorrect, the Company's actual results may vary in material respects from what it may have expressed or implied by these forward-looking statements. The Company cautions that you should not place undue reliance on any of its forward-looking statements. Any forward-looking statement made by the Company in this press release speaks only as of the date hereof. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company does not guarantee that the assumptions underlying such forward-looking statements contained in this press release are free from errors. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by applicable securities laws.

**Contacts** 

Mittie Rooney

+1-301-602-8709

<u>mrooney@rubenstein.com</u>