CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

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CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

CIM Commercial Trust Corporation (the “Company”) filed two amendments to its charter (each an “Amendment” and collectively, the “Amendments”) with the State Department of Assessments and Taxation of Maryland, which effected the Company’s previously announced 1-for-3 reverse stock split of its issued and outstanding common stock. The first Amendment, which became effective at 12:01 am on September 3, 2019, converted every three shares of the Company’s issued and outstanding common stock, $0.001 par value per share, into one share of the Company’s common stock, $0.003 par value per share. The second Amendment, which became effective at 12:02 am on September 3, 2019, reverted the par value of the Company’s issued and outstanding common stock to $0.001 per share.

The information set forth above does not purport to be complete in scope and is qualified in its entirety by the full text of the Amendments, which are attached to this Current Report on Form 8-K as Exhibits 3.1 and 3.2 and incorporated into this Item 5.03 by reference.

Item 9.01 Financial Statements and Exhibits.

(d)           Exhibits.

CIM Commercial Trust Corp Exhibit
EX-3.1 2 a19-18305_1ex3d1.htm EX-3.1 Exhibit 3.1   CIM COMMERCIAL TRUST CORPORATION   ARTICLES OF AMENDMENT   THIS IS TO CERTIFY THAT:   FIRST:  The charter (the “Charter”) of CIM Commercial Trust Corporation,…
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About CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT)

CIM Commercial Trust Corporation is engaged in acquiring, owning and operating Class A office investments in urban communities throughout the United States. These communities are located in areas that include traditional downtown areas and suburban main streets. The Company operates in the business segments, including the acquisition, redevelopment, ownership and management of office real estate, multifamily real estate and hotels. Its real estate portfolio consists of over 30 assets. It has approximately 20 office properties (including over two parking garages and over two development sites), totaling approximately 5.6 million rentable square feet, which are approximately 86.9% occupied; multifamily properties, composed of over 930 units, which are approximately 92.4% occupied, and hotels, which have a total of approximately 1,070 rooms. Its office, multifamily and hotel assets are located in over 10 of the United States markets.