UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 | ||