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 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): May 6, 2022

  

 

  

LXP INDUSTRIAL TRUST
(Exact name of registrant as specified in its charter)
 

 

Maryland 1-12386 13-3717318

(State or other jurisdiction

of incorporation)

(Commission File Number) (IRS Employer Identification No.)
     

 

One Penn Plaza, Suite 4015, New York, New York 10119-4015
(Address of principal executive offices) (Zip Code)

 

(212) 692-7200

(Registrant’s telephone number, including area code)

 

N/A

(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 (see General Instruction A.2. below):

 

  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
Shares of beneficial interest, par value $0.0001 per share, classified as Common Stock LXP New York Stock Exchange
6.50% Series C Cumulative Convertible Preferred Stock, par value $0.0001 per share LXPPRC New York Stock Exchange

 

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 1.01.          Entry into a Material Definitive Agreement.

 

On May 6, 2022, LXP Industrial Trust, or the Trust, entered into amendments (together, the “Amendments”) to the letter agreements and supplemental confirmations, each dated May 10, 2021, (collectively, as amended and supplemented from time to time, the “Confirmations”), by and between the Trust and each of JPMorgan Chase Bank, National Association and Wells Fargo Bank, National Association, respectively, in their capacities as forward counterparties, relating to the forward issuance and sale of 16,000,000 shares of beneficial interest classified as common stock, par value $0.0001 per share, primarily to extend the maturity date under the Confirmations. The maturity date under the Confirmation with JPMorgan Chase Bank, National Association was extended to September 26, 2022, and the maturity date under the Confirmation with Wells Fargo Bank, National Association was extended to June 27, 2022.

 

The foregoing description is qualified in its entirety by reference to the full text of each Amendment. Copies of the Amendments are attached as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K

 

 

Item 9.01.          Financial Statements and Exhibits.

 

(d)   Exhibits

 

10.1 Amendment to Master Confirmation and Supplemental Confirmation of Registered Forward Transaction, dated as of May 6, 2022, between the Trust and JPMorgan Chase Bank, National Association.
10.2 Amendment to Master Confirmation and Supplemental Confirmation of Registered Forward Transaction, dated as of May 6, 2022, between the Trust and Wells Fargo Bank, National Association.
104 Cover Page Interactive Data File (embedded within the XBRL document)

 

   

 

 

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.

 

 

  LXP Industrial Trust
Date: May 12, 2022 By: /s/ Beth Boulerice
Beth Boulerice
Chief Financial Officer