LXP Industrial Trust completes two November 2 mergers

Available on EDGAR 11/12/2026 - 04:46 PM EST Accepted by SEC EDGAR 11/12/2026 - 04:46 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

LXP Industrial Trust completed two mergers on November 2, 2026. Leopard Intermediate LLC, as successor by merger, submitted a Form 15 covering LXP’s common shares and 6.50% Series C cumulative convertible preferred shares.

In the first merger, LXP merged into Leopard Merger Sub LLC; after that merger, the surviving entity merged into Leopard Intermediate LLC. Leopard REIT LLC was the parent and became the sole member of Leopard Intermediate LLC. The Form 15 addresses termination of registration under Section 12(g) or suspension of reporting duties under Sections 13 and 15(d); its cover lists no other class with a remaining reporting duty.

Key Figures

Merger completion date: November 2, 2026 Series C preferred-share designation: 6.50% Par value: $0.0001 per share

3 metrics

Merger completion date November 2, 2026 Date the two mergers were completed.

Series C preferred-share designation 6.50% The designation for the Series C cumulative convertible preferred shares.

Par value $0.0001 per share Par value stated for the common shares and Series C preferred shares.

Key Terms

termination of registration, suspension of duty to file reports, cumulative convertible preferred shares

3 terms

termination of registration regulatory

"notice of termination of registration under Section 12(g)"

suspension of duty to file reports regulatory

"suspension of duty to file reports under Sections 13 and 15(d)"

cumulative convertible preferred shares financial

"6.50% Series C Cumulative Convertible Preferred Shares"

Cumulative convertible preferred shares are a hybrid security that pays a fixed dividend which, if skipped, accumulates and must be paid before common shareholders receive dividends, and can later be converted into a company’s common stock at a set rate. Investors care because these shares combine income protection (the accumulating dividend is like a tab the company must settle) with potential upside and dilution risk from converting into common stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What happened to LXP after its November 2026 merger?

LXP Industrial Trust merged into Leopard Merger Sub LLC on November 2, 2026; the surviving entity then merged into Leopard Intermediate LLC. Leopard REIT LLC became the sole member of Leopard Intermediate LLC, which survived the second merger.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER
SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF
DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.

Commission File Number: 001-12386

LXP Industrial Trust

(Leopard Intermediate LLC, as successor by merger to LXP Industrial Trust)

225 Liberty Street, 8^th Floor

New York, NY 10281

(212) 417-7000

(Address, including zip code, and telephone number,

including area code, of registrant’s principal executive offices)

Shares of beneficial interest, par value $0.0001 per share, classified as Common Stock

6.50% Series C Cumulative Convertible Preferred Shares, par value $0.0001 per share

(Title of each class of securities covered by this Form)

None

(Titles of all other classes of securities for which

a duty to file reports under section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:

Rule 12g-4(a)(1)	x
Rule 12g-4(a)(2)	¨
Rule 12h-3(b)(1)(i)	x
Rule 12h-3(b)(1)(ii)	¨
Rule 15d-6	¨
Rule 15d-22(b)	¨

Approximate number of holders of record as of the certification or notice date: 1*.

* On November 2, 2026, LXP Industrial Trust, a Maryland real estate investment trust (the “Company”), completed the transactions contemplated by the Agreement and Plan of Merger, dated as of July 19, 2026 (the “Merger Agreement”), by and among the Company, Leopard REIT LLC, a Delaware limited liability company (“Parent”), and Leopard Merger Sub LLC, a Maryland limited liability company and wholly owned indirect subsidiary of Parent (“Merger Sub”). Pursuant to the Merger Agreement, at the closing of the transaction, the Company merged with and into Merger Sub, with Merger Sub surviving the merger (the “Initial Surviving Entity” and such merger, the “Merger”). Also on November 2, 2026, and following the effective time of the Merger, the Initial Surviving Entity merged with and into Leopard Intermediate LLC, a Delaware limited liability company and wholly owned subsidiary of Parent (“Intermediate Sub”), with Intermediate Sub surviving (the “Surviving Entity” and such merger, together with the Merger, the “Mergers”). As a result of the Mergers, Parent became the sole member of the Surviving Entity.

[SIGNATURE PAGE FOLLOWS]

Pursuant to the requirements of the Securities Exchange Act of 1934, Leopard Intermediate LLC has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.

Date: November 12, 2026	Leopard Intermediate LLC (as successor by merger to LXP Industrial Trust)
	By:	/s/ Gautam Huded
		Name:	Gautam Huded
		Title:	Executive Vice President