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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

August 2, 2023

Date of Report (Date of earliest event reported)

 

PLYMOUTH INDUSTRIAL REIT, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

 

maryland   001-38106   27-5466153
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

20 Custom House Street, 11th Floor

Boston, MA 02110

(Address of Principal Executive Offices) (Zip Code)

(617) 340-3814

(Registrant’s Telephone Number, Including Area Code)

 

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 (see 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in 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.   

Securities registered pursuant to Section 12(b) of the Act:
 
Title of Each Class Trading Symbol Name of Each Exchange on Which Registered
Common Stock, par value $0.01 per share PLYM New York Stock Exchange
7.50% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share PLYM-PrA NYSE American
     

 

 
 
Item 8.01 Other Events

 

On August 2, 2023, Plymouth Industrial REIT, Inc. (the “Company”) issued a press release announcing that it had called for redemption all of the outstanding shares of its 7.50% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) on September 6, 2023 (the “Redemption Date”). The shares of Series A Preferred Stock are currently traded on the NYSE American exchange under the symbol “PLYM-PrA” (CUSIP No. 729640201).

 

The Series A Preferred Stock will be redeemed for a redemption price equal to $25.00 per share (the “Redemption Payment”) for a total Redemption Payment of $48.8 million. From and after the Redemption Date, all dividends will cease to accrue on the redeemed shares of Series A Preferred Stock.

 

On September 6, 2023, a dividend of $0.34647 per share of Series A Preferred Stock will paid to the record holders at the close of business on August 25, 2023. All shares of Series A Preferred Stock are held in book-entry form through The Depository Trust Company.

 

A copy of the press release is attached hereto at Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)       Exhibits:

 

Exhibit No.   Description
     
99.1   Plymouth Industrial REIT, Inc. press release dated August 2, 2023
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

SIGNATURES

 

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

 

    PLYMOUTH INDUSTRIAL REIT, INC.
     
Date: August 2, 2023   By:  

/s/ Jeffrey E. Witherell

 
        Jeffrey E. Witherell
        Chief Executive Officer