Common stock, par value $0.01 per share
- Symbol
- FREVS
- Exchange
- OTC
- Classification
- COMMON
- Status
- Current
Current Report · Items 5.07, 8.01, 9.01 · 8-K
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
Submission of Matters to a Vote of Security Holders · Other Events
Item 5.07 Submission of Matters to a Vote of Security Holders A special meeting of stockholders (the “Special Meeting”) of First Real Estate Investment Trust of New Jersey, Inc. (the “Trust”) was held on September 29, 2026. The following matters were submitted to the stockholders of the Trust at the Special Meeting for their approval: Plan of Liquidation Proposal:…
Registered securities in this filing
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. · 8-K · Filed 2026-09-30
Preferred Stock Purchase Rights
- Symbol
- Not supplied
- Exchange
- Not supplied
- Classification
- RIGHT
Disclosure sections
Item 5.07Item 5.07 - Submission of Matters to Vote
Item 5.07 Submission of Matters to a Vote of Security Holders
A special meeting of stockholders (the “Special Meeting”) of
First Real Estate Investment Trust of New Jersey, Inc. (the “Trust”) was held on September 29, 2026. The following matters
were submitted to the stockholders of the Trust at the Special Meeting for their approval:
Plan of Liquidation Proposal: The stockholders of the Trust approved
the Plan of Voluntary Liquidation providing for the winding up and complete liquidation of the Trust, including the sale of all assets
of the Trust or the transfer of assets to a liquidating trust, and the dissolution of the Trust. The voting results are set forth below:
Votes For Votes Against Abstentions Broker Non-Votes
───────────────────────────────────────────────────────────────────────
5,085,293 6,503 22,260 0
Adjournment Proposal: The stockholders of the Trust approved a proposal
to adjourn the Special Meeting, if necessary, to solicit additional votes to approve the Plan of Liquidation. Because there were sufficient
votes to approve the Plan of Liquidation, no adjournment of the Special Meeting was determined to be necessary, appropriate or advisable,
and accordingly, the Special Meeting was not adjourned and proceeded to conclusion. The voting results are set forth below:
Votes For Votes Against Abstentions Broker Non-Votes
───────────────────────────────────────────────────────────────────────
4,871,887 207,213 34,956 0
Section 8 - Other Events
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events
On September 30, 2026, the Trust issued a press release to announce the
declaration of an initial liquidating distribution of $3.20 per share, payable on October 29, 2026 to stockholders of record as of October
14, 2026. The press release is included as Exhibit 99.1 to this Form 8-K.
Section 9 - Financial Statements and Exhibits.
Filed exhibits (1)
FREIT Announces Stockholder Approval of Plan of Liquidation and FREIT Board of Directors Declares Liquidating Distribution of $3.20 per share HACKENSACK, NJ, September 30, 2026 - First Real Estate Investment Trust of New Jersey, Inc. (“FREIT” or the “Company”), a real estate investment trust, today announced that its stockholders have approved the Company's previously announced voluntary Plan of Liquidation (the "Plan") at a special meeting of stockholders held on September 29, 2026. Based on the final voting results, stockholders representing approximately 68.0% of the Company's outstanding shares voted in favor of the Plan, exceeding the approval threshold required under applicable law and the Company's governing documents. "We appreciate the support of our stockholders throughout this process," said Robert S. Hekemian, Jr., CEO of FREIT. "Approval of the Plan represents an important milestone as we work to maximize value and efficiently return capital to stockholders." Pursuant to the Plan, the Company intends to continue the orderly disposition of its remaining assets, satisfy or reserve for outstanding liabilities and obligations, and distribute net proceeds to stockhold…
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