CTO Realty Growth, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2024 Annual Meeting of Stockholders held on June 20, 2024. CTO Realty Growth, Inc. is a Maryland corporation with its principal executive offices in Winter Park, Florida. The company's common stock and preferred stock trade on the NYSE under the symbols CTO and CTO PrA, respectively.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance and voting outcomes.
Material Changes and Voting Results
Stockholders voted on three proposals at the Annual Meeting:
- Proposal 1 (Election of Directors): Six directors were elected to serve until the 2025 Annual Meeting. All nominees received majority support, though R. Blakeslee Gable received the highest number of "Against" votes (1,680,824) compared to other nominees.
- Proposal 2 (Ratification of Auditors): Stockholders ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
- Proposal 3 (Say-on-Pay): Stockholders approved, on an advisory basis, the compensation of the named executive officers.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document serves solely to disclose the results of the shareholder vote.
Investor Verification Checklist
- Verify the specific vote counts for R. Blakeslee Gable, who received a significantly higher number of "Against" votes than other director nominees.
- Confirm the tenure of the newly elected board members, which extends until the 2025 Annual Meeting.
- Review the definitive proxy statement dated April 29, 2024, for detailed descriptions of the proposals and executive compensation.
- Check subsequent filings for the company's financial performance, as this 8-K contains no financial data.