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): December 16, 2021
Lightstone Value Plus REIT IV, Inc.
(Exact Name of Registrant as Specified in Charter)
| Maryland | | 333-200464 | | 47-1796830 |
(State or other jurisdiction of
incorporation) | | (Commission File Number) | | (I.R.S. Employer
Identification No.) |
1985 Cedar Bridge Avenue, Suite 1
Lakewood, New Jersey 08701
(Address, including zip code, of Principal Executive Offices)
Registrant’s telephone number, including area code: (732) 367-0129
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:
| ☐ | 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: None.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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. ☐
Item 5.07 Submission of Matters to a Vote of Security Holders
On December 16, 2021, Lightstone Value Plus REIT IV, Inc. (the “Company”) held its annual meeting of stockholders. A total of 5.3 million shares of the Company’s common stock outstanding and entitled to vote were represented at the meeting in person or by proxy, representing approximately 62.0% of the total number of shares entitled to vote at the meeting.
At the annual meeting, the Company’s stockholders voted in person or by proxy on the following proposals:
Proposal No. 1. The number of votes cast for and votes withheld from each of the director nominees were as follows:
| | | Number of Votes FOR | | | Number of Votes AGAINST/ WITHHOLD | |
| David Lichtenstein (Director) | | | 4,842,880 | | | | 430,929 | |
| | | | | | | | | |
| Steven Spinola (Independent Director) | | | 4,861,037 | | | | 412,773 | |
| | | | | | | | | |
| Michael J. Demarco (Independent Director) | | | 4,863,772 | | | | 410,037 | |
All of the director nominees were elected.
Proposal No. 2. The proposal to amend and restate the charter is described in detail in the proxy statement related to the annual meeting of stockholders. The number of votes cast with respect to the amendment and restatement of the charter were as follows:
| Number of Votes FOR | | | Number of Votes AGAINST/ WITHHOLD | | | Number of Votes ABSTAIN | |
| | 4,602,740 | | | | 494,894 | | | | 176,175 | |
The proposal to amend and restate the Company’s charter was approved.
Proposal No. 3. The number of votes cast with respect to the adjournment proposal were as follows:
| Number of Votes FOR | | | Number of Votes AGAINST/ WITHHOLD | | | Number of Votes ABSTAIN | |
| 4,635,371 | | | 498,047 | | | 140,391 | |
The proposal to permit the board of directors to adjourn the meeting, if necessary, to solicit additional proxies in favor of the first two proposals if there were not sufficient votes for the proposals was passed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | LIGHTSTONE VALUE PLUS REIT IV, INC. |
| | | |
| Date: December 17, 2021 | By: | /s/ Seth Molod |
| | Seth Molod |
| | Chief Financial Officer and
Principal Accounting Officer |
