Gladstone Land Corporation (NASDAQ:LAND) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal YearItem 5.03.
(a)On July12, 2017, Gladstone Land Corporation (the “Company”) filed Articles of Amendment (the “Articles”) with the State Department of Assessments and Taxation for Maryland (“SDAT”). The Articles amend Section6.1 of Article 6 of the Company’s charter to increase the number of shares of stock that the Company has authority to issue from 20,000,000 shares to 100,000,000 shares, with the additional 80,000,000 shares of stock being initially classified as common stock, $0.001 par value per share. The Articles were approved by the Company’s board of directors on July11, 2017 and were effective upon filing with SDAT.
The foregoing description of the Articles is qualified in its entirety by reference to the full text of the Articles, which are filed as an exhibit to this Current Report on Form 8-K and incorporated by reference herein.
| Item 5.03 | Financial Statements and Exhibits. |
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ExhibitNo. |
Description |
| 3.1 | Articles of Amendment of Gladstone Land Corporation |
GLADSTONE LAND Corp ExhibitEX-3.1 2 d396330dex31.htm EX-3.1 EX-3.1 Exhibit 3.1 GLADSTONE LAND CORPORATION ARTICLES OF AMENDMENT Gladstone Land Corporation,…To view the full exhibit click here
About Gladstone Land Corporation (NASDAQ:LAND)
Gladstone Land Corporation is an externally-managed, agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company’s segment is farmland and farm-related properties. The Company is engaged in leasing its farms to independent farming operations and corporate farming operations. The Company owns approximately 43 farms consisting of over 16,810 total acres across six states in the United States (Arizona, California, Florida, Michigan, Nebraska and Oregon). The Company also owns approximately three cooling facilities and one facility utilized for the storage and assembly of boxes for shipping produce (a box barn). These properties are leased to approximately 33 different, unrelated tenants that are either independent or corporate farming operations. It also leases a small parcel on one of its properties to an oil company. Its properties include San Andreas, West Gonzales, West Beach, Dalton Lane and Keysville Road.
