The latest announcement is out from Presidio Property Trust (SQFT).
Presidio Property Trust, Inc. has inked a Cooperation Agreement with Zuma Capital Management and its associates to restructure the Board and settle various concerns. The pact brings Elena Piliptchak on board as a new director with a term until the 2026 Annual Meeting. This move, effective from the agreement’s signing, is intended to enhance the board’s governance and halt Zuma’s campaign to nominate alternative directors. The Investor Group is also bound by certain acquisition and voting agreements, and the Company will cover up to $100,000 of Zuma’s related expenses. Piliptchak, with a strong background in finance and asset management, is to receive standard non-employee director compensation.
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