First Real Estate Trust extends rights plan to 2029
First Real Estate Investment Trust of New Jersey, Inc. entered into a material definitive agreement to amend its existing Stockholder Rights Agreement.
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Form Type
8-K
Rhea-AI Filing Summary
First Real Estate Investment Trust of New Jersey, Inc. entered into a material definitive agreement to amend its existing Stockholder Rights Agreement. On May 12, 2026, the Trust and Computershare Trust Company, N.A., as Rights Agent, signed a First Amendment to this agreement.
The amendment extends the term and the Final Expiration Date of the Stockholder Rights Agreement from July 31, 2026 to July 31, 2029, lengthening the period during which the Trust’s stockholder rights plan remains in effect.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Amendment date: May 12, 2026
Original final expiration: July 31, 2026
New final expiration: July 31, 2029
+1 more
4 metrics
Amendment date
May 12, 2026
Date First Amendment to Stockholder Rights Agreement was entered
Original final expiration
July 31, 2026
Prior Final Expiration Date of Stockholder Rights Agreement
New final expiration
July 31, 2029
Extended Final Expiration Date under First Amendment
Original agreement date
July 31, 2023
Date of original Stockholder Rights Agreement
Key Terms
Material Definitive Agreement, Stockholder Rights Agreement, Final Expiration Date, Preferred Stock Purchase Rights, +1 more
5 terms
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement Amendment to Stockholder Rights Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Stockholder Rights Agreement financial
"First Amendment to Stockholder Rights Agreement (the “First Amendment”), which amends the Stockholder Rights Agreement dated as of July 31, 2023"
A stockholder rights agreement is a legal framework that sets the rules and protections governing shareholders’ powers—such as voting, selling shares, receiving special rights, and how ownership changes are handled. It matters to investors because it shapes who can control the company, how easily shares can change hands, and what protections exist during takeover attempts; think of it like the bylaws and safety rules for an apartment building that determine how decisions are made and who can move in or out.
Final Expiration Date financial
"extends the term and the Final Expiration Date of the Stockholder Rights Agreement from July 31, 2026 to July 31, 2029"
Preferred Stock Purchase Rights financial
"Preferred Stock Purchase Rights (1)"
Emerging growth company regulatory
"Emerging growth company 2 Section 1 – Registrant’s Business and Operations"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did First Real Estate Investment Trust of New Jersey (FREVS) change in this 8-K?
The Trust approved a First Amendment to its Stockholder Rights Agreement. This amendment extends the agreement’s Final Expiration Date, keeping the stockholder rights plan in place for an additional three years beyond the prior 2026 end date.
How long is the FREVS Stockholder Rights Agreement now effective?
The Stockholder Rights Agreement is now effective through July 31, 2029. It was previously scheduled to expire on July 31, 2026, so the First Amendment extends the plan’s term by three additional years.
Who is the rights agent under the FREVS Stockholder Rights Agreement?
Computershare Trust Company, N.A. serves as the Rights Agent under the Stockholder Rights Agreement. The First Amendment, dated May 12, 2026, was entered into between the Trust and Computershare to extend the agreement’s expiration date.
When was the original FREVS Stockholder Rights Agreement adopted?
The original Stockholder Rights Agreement was dated as of July 31, 2023. The new First Amendment does not replace this agreement; it modifies it by extending the term and Final Expiration Date from July 31, 2026 to July 31, 2029.
What SEC item does FREVS use to report this amendment?
The Trust reports the amendment under Item 1.01, Entry into a Material Definitive Agreement. This item covers significant contracts, such as the First Amendment to the Stockholder Rights Agreement disclosed in this current report.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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