Are there any related-party transactions involving Brent Morrison and Power REIT (PW)?

No. Power REIT states there are no transactions involving Brent Morrison that require disclosure under Item 404(a) of Regulation S-K. The filing also notes there are no arrangements or understandings with any person under which he was appointed as a trustee.

Power REIT adds Brent Morrison as independent trustee

Power REIT has appointed Brent Morrison as an independent trustee, effective July 6, 2026.

Accepted by SEC EDGAR 07/08/2026 - 11:35 AM EDT

Filing Impact

(High)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

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Form Type

8-K

Rhea-AI Filing Summary

Power REIT has appointed Brent Morrison as an independent trustee, effective July 6, 2026. He will serve on the Board of Trustees until the next annual shareholder meeting and until a successor is elected, or earlier resignation or removal under the trust’s governing documents.

Morrison is Chairman, Chief Executive Officer and President of Regional Health Properties, Inc., a publicly traded healthcare company, and brings experience in public company governance, capital markets, financial reporting, strategic planning and corporate finance. The Board determined he meets NYSE American independence requirements, will receive standard non-employee trustee compensation, and has no related-party arrangements or transactions requiring disclosure.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Appointment date: July 6, 2026 Series A preferred liquidation preference: $25 per share

2 metrics

Appointment date July 6, 2026 Effective date of Brent Morrison’s service as trustee

Series A preferred liquidation preference $25 per share 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock

Key Terms

independent trustee, Emerging growth company, NYSE American LLC Company Guide, Item 404(a) of Regulation S-K, +1 more

5 terms

independent trustee financial

"appointed Brent Morrison to serve as an independent trustee of the Trust"

Emerging growth company regulatory

"Emerging growth company"

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.

NYSE American LLC Company Guide regulatory

"The Board has determined that Mr. Morrison satisfies the applicable independence requirements of the NYSE American LLC Company Guide."

The NYSE American LLC Company Guide is the rulebook that sets the financial, reporting and governance standards companies must meet to list and remain on the NYSE American stock market. Think of it as a set of marketplace rules and quality checks — covering things like required financial results, public disclosures and board practices — that help investors assess whether a listed company meets basic transparency and stability expectations.

Item 404(a) of Regulation S-K regulatory

"There are no transactions involving Mr. Morrison that would require disclosure under Item 404(a) of Regulation S-K."

Cumulative Redeemable Perpetual Preferred Stock financial

"7.75% Series A Cumulative Redeemable Perpetual Preferred Stock, Liquidation Preference $25 per Share"

A cumulative redeemable perpetual preferred stock is a type of ownership share that pays fixed dividends forever unless the company stops them, and any missed dividends accumulate and must be paid later. It can be redeemed (bought back) by the issuer at specified times or prices, so it behaves partly like a long-term loan; investors care because it sits ahead of common shares for payments and can affect a company’s cash needs and perceived credit risk.

FAQ

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

What did Power REIT (PW) announce in this 8-K filing?

Power REIT announced the appointment of Brent Morrison as an independent trustee, effective July 6, 2026. He joins the Board of Trustees and will serve until the next annual shareholder meeting, bringing extensive public company leadership and governance experience to the real estate investment trust.

Who is Brent Morrison, newly appointed to Power REIT (PW)’s board?

Brent Morrison is Chairman, Chief Executive Officer and President of Regional Health Properties, Inc., a publicly traded healthcare company. He has significant experience leading small capitalization public companies, including governance, capital markets transactions, financial reporting, strategic planning and corporate finance, which Power REIT’s Board views as valuable.

Is Brent Morrison considered independent under NYSE American rules at Power REIT (PW)?

Yes. Power REIT’s Board determined that Brent Morrison satisfies the applicable independence requirements of the NYSE American LLC Company Guide. This means he qualifies as an independent trustee, which can strengthen board oversight and align with exchange governance standards for listed companies like Power REIT.

How long will Brent Morrison serve as a trustee of Power REIT (PW)?

Brent Morrison will serve as a trustee until Power REIT’s next annual meeting of shareholders and until his successor is duly elected and qualifies. His term can also end earlier if he resigns, retires or is removed under the trust’s governing documents.

What compensation will Brent Morrison receive from Power REIT (PW)?

Brent Morrison will receive Power REIT’s standard compensation for non-employee trustees, as approved by the Board from time to time. The filing does not detail specific amounts, but indicates he will be paid on the same basis as other non-employee members of the board.

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 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): July 6, 2026

POWER REIT

(Exact name of registrant as specified in its charter)

Maryland

(State or other jurisdiction of incorporation)

001-36312

(Commission File Number)

45-3116572

(IRS Employer Identification No.)

301 Winding Road

Old Bethpage, NY 11804

(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code: (212) 750-0371

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))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Common Shares	PW	NYSE (American)

7.75% Series A Cumulative Redeemable Perpetual Preferred Stock, Liquidation Preference $25 per Share	PW.A	NYSE (American)

Indicate by check mark whether the registrant is an emerging growth company 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. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 6, 2026, the Board of Trustees (the “Board”) of Power REIT (the “Trust”) appointed Brent Morrison to serve as an independent trustee of the Trust, effective immediately. Mr. Morrison will serve until the Trust’s next annual meeting of shareholders and until his successor is duly elected and qualifies, or until his earlier resignation, retirement or removal in accordance with the Trust’s governing documents.

Mr. Morrison currently serves as Chairman of the Board, Chief Executive Officer and President of Regional Health Properties, Inc., a publicly traded healthcare company. Mr. Morrison has significant experience leading small capitalization public companies, including public company governance, capital markets transactions, financial reporting, strategic planning and corporate finance. The Board believes that Mr. Morrison’s executive leadership and public company experience will provide valuable perspective as the Trust continues to pursue its strategic objectives.

The Board has determined that Mr. Morrison satisfies the applicable independence requirements of the NYSE American LLC Company Guide.

Mr. Morrison will receive the Trust’s standard compensation for non-employee trustees, as approved by the Board from time to time.

There are no arrangements or understandings between Mr. Morrison and any other person pursuant to which he was appointed as a trustee. There are no transactions involving Mr. Morrison that would require disclosure under Item 404(a) of Regulation S-K.

SIGNATURE

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.

Date: July 6, 2026	POWER REIT

	By	/s/ David H. Lesser
		David H. Lesser
		Chairman, CEO, Secretary & Treasurer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents