false 0001682220 0001682220 2024-10-01 2024-10-01 0001682220 us-gaap:CommonStockMember 2024-10-01 2024-10-01 0001682220 sach:Notes6.875PercentDue2024Member 2024-10-01 2024-10-01 0001682220 sach:Notes7.75percentDue2025Member 2024-10-01 2024-10-01 0001682220 sach:Notes6.00percentDue2026Member 2024-10-01 2024-10-01 0001682220 sach:Notes6.00percentDue2027Member 2024-10-01 2024-10-01 0001682220 sach:Notes7.125PercentDue2027Member 2024-10-01 2024-10-01 0001682220 sach:Notes8.00percentDue2027Member 2024-10-01 2024-10-01 0001682220 us-gaap:SeriesAPreferredStockMember 2024-10-01 2024-10-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

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 OF 1934

 

Date of Report (Date of earliest event reported): October 1, 2024

 

SACHEM CAPITAL CORP. 

(Exact name of Registrant as specified in its charter)

 

New York   001-37997   81-3467779
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)

 

568 East Main Street, Branford, Connecticut   06405
(Address of Principal Executive Office)   (Zip Code)

 

Registrant's telephone number, including area code (203) 433-4736

 

(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 Ticker symbol(s) Name of each exchange on which registered
Common Shares, par value $.001 per share SACH NYSE American LLC
6.875% Notes due 2024 SACC NYSE American LLC
7.75% Notes due 2025 SCCC NYSE American LLC
6.00% Notes due 2026 SCCD NYSE American LLC
6.00% Notes due 2027 SCCE NYSE American LLC 
7.125% Notes due 2027

SCCF

 NYSE American LLC 
8.00% Notes due 2027 SCCG NYSE American LLC
7.75% Series A Cumulative Redeemable Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC

 

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.     ¨

 

 

 

 

 

Item 5.07.Submission of Matters to Vote of Security Holders.

 

On October 1, 2024, Sachem Capital Corp. (the “Company”) held its 2024 Annual Meeting of Shareholders (the “Annual Meeting”). At the Annual Meeting, shareholders:

 

·Elected five incumbent directors to serve until the Company’s next annual meeting of shareholders or until their respective successors have been duly elected and qualified (“Election of Directors”);

 

·Approved, on an advisory basis, the appointment of Hoberman & Lesser, LLP as the Company’s independent auditors for the 2024 fiscal year (“Advisory approval of Auditors”);

 

·Approved the non-binding advisory resolution relating to executive compensation (“Say-on-Pay”); and

 

·Approved, on an advisory basis, the holding of an advisory vote on executive compensation every “1 Year” (“Say-on-Frequency”).

 

The specific votes were as follows:

 

1.Election of Directors:

 

   VOTES     
   For   WITHHELD   BROKER NON-VOTE 
John L. Villano  13,923,290   1,144,533   15,624,964 
Leslie Bernhard  13,812,369   1,255,454   15,624,964 
Arthur L. Goldberg  13,721,929   1,345,894   15,624,964 
Brian A. Prinz  13,210,115   1,857,708   15,624,964 
Jeffery C. Walraven  13,797,123   1,270,700   15,624,964 

 

2.Advisory approval of Auditors:

 

VOTES
FOR   AGAINST   ABSTAIN
29,286,189   1,008,016   398,582

 

3.Say-on-Pay:

 

VOTES
FOR   AGAINST   ABSTAIN   BROKER NON-VOTE
12,015,785   2,490,753   561,280   15,624,969

 

2

 

 

4.Say-on-Frequency:

 

VOTES (1)
1 YEAR   2 YEARS   3 YEARS   ABSTAIN
7,617,950   1,070,150   5,540,885   838,826

 

 

(1)Broker Non-Vote: 15,624,976

 

In response to the voting results on the Say-on Frequency, the Company’s Board of Directors (the “Board”) determined at a meeting held on October 1, 2024, that the Company will hold a Say-on-Pay vote every year. The Company will continue to hold a Say-on-Pay vote every year until the Board decides to hold the next Say-on-Frequency vote, which shall be no later than the Company’s Annual Meeting of Shareholders in 2030.

 

* * * * *

 

3

 

 

SIGNATURES

 

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.

 

  Sachem Capital Corp.
     
Dated: October 2, 2024 By: /s/ John L. Villano
    John L. Villano, CPA
    Chief Executive Officer

 

4

 

 

 

 

 

 

v3.24.3
Cover
Oct. 01, 2024
Document Information [Line Items]  
Document Type 8-K
Amendment Flag false
Document Period End Date Oct. 01, 2024
Entity File Number 001-37997
Entity Registrant Name SACHEM CAPITAL CORP.
Entity Central Index Key 0001682220
Entity Tax Identification Number 81-3467779
Entity Incorporation, State or Country Code NY
Entity Address, Address Line One 568 East Main Street
Entity Address, City or Town Branford
Entity Address, State or Province CT
Entity Address, Postal Zip Code 06405
City Area Code 203
Local Phone Number 433-4736
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Common Stock [Member]  
Document Information [Line Items]  
Title of 12(b) Security Common Shares, par value $.001 per share
Trading Symbol SACH
Security Exchange Name NYSEAMER
Notes 6. 875 Percent Due 2024 [Member]  
Document Information [Line Items]  
Title of 12(b) Security 6.875% Notes due 2024
Trading Symbol SACC
Security Exchange Name NYSEAMER
Notes 7. 75percent Due 2025 [Member]  
Document Information [Line Items]  
Title of 12(b) Security 7.75% Notes due 2025
Trading Symbol SCCC
Security Exchange Name NYSEAMER
Notes 6. 00percent Due 2026 [Member]  
Document Information [Line Items]  
Title of 12(b) Security 6.00% Notes due 2026
Trading Symbol SCCD
Security Exchange Name NYSEAMER
Notes 6. 00percent Due 2027 [Member]  
Document Information [Line Items]  
Title of 12(b) Security 6.00% Notes due 2027
Trading Symbol SCCE
Security Exchange Name NYSEAMER
Notes 7. 125 Percent Due 2027 [Member]  
Document Information [Line Items]  
Title of 12(b) Security 7.125% Notes due 2027
Trading Symbol SCCF
Security Exchange Name NYSEAMER
Notes 8. 00percent Due 2027 [Member]  
Document Information [Line Items]  
Title of 12(b) Security 8.00% Notes due 2027
Trading Symbol SCCG
Security Exchange Name NYSEAMER
Series A Preferred Stock [Member]  
Document Information [Line Items]  
Title of 12(b) Security 7.75% Series A Cumulative Redeemable Preferred Stock, Liquidation Preference $25.00 per share
Trading Symbol SACHPRA
Security Exchange Name NYSEAMER
Sachem Capital (AMEX:SCCG)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024 Click aqui para mais gráficos Sachem Capital.
Sachem Capital (AMEX:SCCG)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024 Click aqui para mais gráficos Sachem Capital.