Amendments to Articles of Incorporation

On November 12, 2020, the Company filed Articles of Amendment (the “Articles”) with the State Department of Assessments and Taxation of the State of Maryland, effective as of the same date (the “Effective Time”). The Articles amend the Company’s charter to effect a reverse stock split such that (1) every 1.259446 shares of Class A Common Stock that were issued and outstanding immediately prior to the Effective Time were changed into one issued and outstanding share of Class A Common Stock, and (2) every 1.259446 shares of Class B Common Stock that were issued and outstanding immediately prior to the Effective Time were changed into one issued and outstanding share of Class B Common Stock. A copy of the Articles is attached to this Current Report on form 8-K as Exhibit 3.1 and is incorporated herein by reference.

Also on November 12, 2020, the Company filed Second Articles of Amendment and Restatement (the “Second Amended Articles”) with the State Department of Assessments and Taxation of the State of Maryland, effective as of the same date (the “Effective Time”). The Second Amended Articles amend the Company’s charter to effect a conversion of each share of the Class B Common Stock that were issued and outstanding immediately prior to the Effective Time into one fully paid and nonassessable share of Class A Common Stock. From and after the Effective Time, certificates representing the Class B Common Stock now represent the number of shares of Class A Common Stock in which such Class B Common Stock was converted. Also at the Effective Time, the Class A Common Stock was renamed and redesignated as common stock, par value $0.001 per share, of the Corporation. The Consent Solicitation Statement relating to the Company’s solicitation of consents to amend the terms of the 12% Cumulative Exchangeable Redeemable Preferred Stock, which was filed with the SEC on October 16, 2020, contains a description of the Second Amended Articles. A copy of the Second Amended Articles is attached to this Current Report on form 8-K as Exhibit 3.2 and is incorporated herein by reference.

Amendment to Bylaws

On November 13, 2020, the Board amended the Company’s Bylaws (the “Bylaws”), effective on that date. The Bylaw amendments grant the Board of Directors greater discretion as to the timing and location of stockholder and board meetings, which will facilitate or permit virtual meetings; require a majority of the shares outstanding to request a special stockholder meeting and add a process related to stockholder-requested special meetings; update the organization and conduct of stockholder meetings; consolidate the opt-out provision from the Maryland Control Share Acquisition Act; make appointment of an inspector of election permissive rather than mandatory, which is consistent with Maryland law; and make stock certificates optional to allow the Company to move to uncertificated shares. A copy of the Bylaws is attached to this Current Report on form 8-K as Exhibit 3.3 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits