Form 8-K - Current report
July 09 2024 - 10:07AM
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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
Date of Report (Date of earliest event reported): |
July 5, 2024 |
AMERICAN
REALTY INVESTORS, INC.
(Exact
Name of Registrant as Specified in its Charter)
Nevada
|
001-15663
|
75-2847135
|
(State or other jurisdiction of incorporation) |
(Commission File No.) |
(I.R.S. Employer Identification No.) |
|
|
|
1603 LBJ Freeway, Suite 800
Dallas, Texas |
75234 |
(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code |
469-522-4200 |
|
(Former name or former address, if changed since last report) |
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:
| ¨ | 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 Stock, par value $0.01 |
ARL |
New York Stock Exchange |
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. ¨
Section 5 – Corporate Governance and
Management
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(a) By letter dated July 5,
2024, Bradford A. Phillips resigned as a Member of the Board of Directors of American Realty Investors, Inc. (the “Company”
or the “Issuer” or the “Registrant”). Mr. Phillips, age 59, had been a Director of the Company since
March 11, 2021 when he was elected to fill a vacancy on the Board of Directors. Mr. Phillips was not a member of any committee of the
Board of Directors. At the time of his resignation as a Director of the Company, Mr. Phillips stated he had no disagreement with the Company
on any matter relating to the Registrant’s operations, practices, policies or procedures. A copy of Mr. Phillips letter of resignation
is attached as an exhibit to this report on Form 8-K.
After giving effect to the
resignation of Mr. Phillips, the Board of Directors of the Company continues to have a majority of independent directors who also constitute
the Audit Committee, the Compensation Committee and the Governance and Nominating Committee of the Board of Directors.
Mr. Phillips also resigned
on the same date as a Director of Transcontinental Realty Investors, Inc., a Nevada corporation (“TCI”), which has
its Common Stock listed and traded on the New York Stock Exchange.
Section 9 – Financial Statements and
Exhibits
Item 9.01. Financial Statements and Exhibits
(b) Exhibits
The following exhibit is furnished
with this Report:
*Furnished herewith
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the
undersigned, hereunto duly authorized.
Dated: July 8, 2024
|
AMERICAN REALTY INVESTORS, INC.
|
|
|
|
|
By: |
/s/ Erik L. Johnson |
|
|
|
Erik L. Johnson, President and Chief |
|
|
|
Executive Officer |
|
Exhibit 99.6
BRADFORD A. PHILLIPS
July 5, 2024
American Realty Investors, Inc.
1603 LBJ Freeway, Suite 800
Dallas, Texas 75234
Attn: Secretary
|
Re: |
Resignation as a Member of the Board of Directors |
Gentlemen:
The undersigned hereby resigns
as a member of the Board of Directors of American Realty Investors, Inc. (the “Issuer”) effective the date of this
letter. The undersigned has no disagreement on any matter relating to the Issuer’s operations, procedures, policies or practices.
If I can be of any assistance to the Issuer in the future, please do not hesitate to contact me at any time.
|
Very truly yours, |
|
|
|
/s/ Bradford A. Phillips |
|
Bradford A. Phillips |
v3.24.2
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Jul. 05, 2024 |
Cover [Abstract] |
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Document Type |
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Document Period End Date |
Jul. 05, 2024
|
Entity File Number |
001-15663
|
Entity Registrant Name |
AMERICAN
REALTY INVESTORS, INC.
|
Entity Central Index Key |
0001102238
|
Entity Tax Identification Number |
75-2847135
|
Entity Incorporation, State or Country Code |
NV
|
Entity Address, Address Line One |
1603 LBJ Freeway
|
Entity Address, Address Line Two |
Suite 800
|
Entity Address, City or Town |
Dallas
|
Entity Address, State or Province |
TX
|
Entity Address, Postal Zip Code |
75234
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City Area Code |
469
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Local Phone Number |
522-4200
|
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Title of 12(b) Security |
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Trading Symbol |
ARL
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Security Exchange Name |
NYSE
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Entity Emerging Growth Company |
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