SaleJun 17, 2026, 04:37 PM
Medalist Diversified Subsidiary Sells Property for $10.25M
AI Summary
Medalist Diversified, Inc.'s subsidiary, MDR Brookfield, LLC, entered into an agreement to sell its Brookfield Center flex-industrial property for $10,250,000. Additionally, at its 2026 Annual Meeting, stockholders approved an amendment to the Company's Articles of Incorporation to protect its net operating losses and net capital losses by restricting certain stock transfers. Stockholders also elected two Class III directors, approved executive compensation on an advisory basis, and ratified Cherry Bekaert LLP as the independent auditor for the fiscal year ending December 31, 2026.
Key Highlights
- Medalist Diversified subsidiary sold Brookfield Center property for $10,250,000.
- The property is a 64,880 sq ft flex-industrial asset in Greenville, South Carolina.
- Stockholders approved a charter amendment to protect NOLs/NCLs, restricting transfers to 4.9% ownership.
- At the Annual Meeting, 65% of shares (928,583 out of 1,428,500) were present.
- Stockholders elected two Class III directors: Francis P. Kavanaugh (685,986 votes) and Neil Farmer (672,397 votes).
- Executive compensation was approved on an advisory basis with 685,068 votes for.
- Cherry Bekaert LLP was ratified as independent auditor for 2026 with 908,752 votes for.
Price Impact
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