Current Report Filing (8-k)

GLADSTONE LAND Corp false 0001495240 0001495240 2021-02-12 2021-02-12 0001495240 us-gaap:CommonStockMember 2021-02-12 2021-02-12 0001495240 us-gaap:SeriesBPreferredStockMember 2021-02-12 2021-02-12 0001495240 us-gaap:SeriesDPreferredStockMember 2021-02-12 2021-02-12

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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) February 12, 2021

 

 

Gladstone Land Corporation

(Exact Name of Registrant as Specified in Charter)

 

 

 

Maryland		001-35795		54-1892552
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)
1521 Westbranch Drive, Suite 100 McLean, Virginia				22102
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s telephone number, including area code: [phone]

 

 

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		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value per share		LAND		The Nasdaq Stock Market, LLC
6.00% Series B Cumulative Redeemable Preferred Stock, $0.001 par value per share		LANDO		The Nasdaq Stock Market, LLC

5.00% Series D Cumulative Term Preferred Stock, $0.001 par value per share		LANDM		The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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.  ☐

 

 

 

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Item 8.01.

Other Events.

Gladstone Land Corporation (the “Company”) confirmed that effective February 12, 2021, pursuant to the Articles Supplementary establishing and fixing the rights and preferences of the 6.375% Series A Cumulative Term Preferred Stock (“Series A Preferred Stock”), it voluntarily redeemed all 1,150,000 outstanding shares of its Series A Preferred Stock at a redemption price of $25.0486979 per share, which represents the liquidation preference per share, plus accrued and unpaid dividends to but excluding February 12, 2021, and an aggregate redemption price of approximately $28.8 million.

The Company previously announced its intention to redeem its Series A Preferred Stock on January 12, 2021. Proceeds from the 5.00% Series D Cumulative Term Preferred Stock issuance, which closed on January 19, 2021, were sufficient to redeem all outstanding shares of the Series A Preferred Stock.

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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.

 

				Gladstone Land Corporation
February 12, 2021				By:		/s/ Lewis Parrish
						Lewis Parrish
						Chief Financial Officer