Business Context and Reporting Period
This Form 8-K was filed by Power REIT on March 16, 2022. The report details a corporate governance event: the appointment of a new member to the Board of Trustees.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
On March 16, 2022, the Board of Trustees appointed Dionisio D'Aguilar, age 57, to the Board of Trustees, effective immediately. Mr. D'Aguilar will serve on the Nominating Committee and the Special Committee-Related Party Transactions.
Management Commentary and Background
Mr. D'Aguilar brings over 30 years of experience in accounting, finance, and government. His background includes:
- President and CEO of Superwash Limited (largest self-service laundry chain in the Bahamas) from 1993-2017 and 2021-present.
- Minister of Tourism and Aviation for the Government of The Bahamas (2017-2021).
- Former Certified Public Accountant (CPA) in New York with experience at KPMG US.
- Extensive board experience including roles at AML Foods Limited, Insurance Company of the Bahamas, and Bahamar.
- Education: Bachelor of Science in Hotel Administration and an MBA from Cornell University.
Investor Verification Checklist
- Confirm the effective date of Dionisio D'Aguilar's appointment (March 16, 2022).
- Verify his specific committee assignments (Nominating Committee and Special Committee-Related Party Transactions).
- Review his prior board service and potential related party transaction history given his government and business roles in the Bahamas.
- Note that this filing contains no financial updates; refer to the most recent 10-Q or 10-K for financial metrics.