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): March 18, 2020

PRESIDIO PROPERTY TRUST, INC.
(Exact Name of Registrant as Specified in its Charter)
         
Maryland   000-53673   33-0841255
__________   __________   __________
(State or Other Jurisdiction of Incorporation)   (Commission File No.)   (I.R.S. Employer
Identification No.)

4995 Murphy Canyon Road, Suite 300
San Diego, California 92123
(Address of Principal Executive Offices, Including Zip Code)
____________________

(760) 471-8536
(Registrant’s Telephone Number, Including Area Code)
___________________
 
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
None N/A N/A

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Resignation of Principal Accounting Officer

On March 18, 2020, Quyen Dao-Haddock notified Presidio Property Trust, Inc. (“Presidio”) of her resignation as its Chief Accounting Officer, effective April 3, 2020. Ms. Dao-Haddock’s resignation was solely for personal reasons and not the result of any disagreement with the Board or Presidio on any matter relating to its operations, policies or practices.

Appointment of Principal Accounting Officer

Effective April 4, 2020, Adam Sragovicz, will serve as Presidio’s Chief Accounting Officer in addition to continuing to serve as its Chief Financial Officer. Mr. Sragovicz, age 50, has served as Presidio’s Chief Financial Officer since January 2018; he had served as its Senior Vice President of Finance since joining Presidio in May 2017. Prior to joining Presidio, Mr. Sragovicz served as the Treasurer of Encore Capital Group (“Encore”) from 2011 to 2017 and was responsible for Encore’s global capital raising, foreign exchange risk management and cash management. Mr. Sragovicz has also held capital markets, finance, and treasury management positions with KPMG, Union Bank of California / MUFG and Bank of America Merrill Lynch. Mr. Sragovicz graduated from Yale University with a Bachelor of Arts degree in Soviet and Eastern European Studies, with a concentration in Economics.

No new compensatory arrangements were entered into with Mr. Sragovicz in connection with his appointment as Chief Accounting Officer.





 
 



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.
 
Date:  March 23, 2020   PRESIDIO PROPERTY TRUST, INC.
   
 
 
By: /s/ Ann T. Nguyen 
          Ann T. Nguyen 
          Secretary & General Counsel