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): June 22, 2026

 

 

ACRES Commercial Realty Corp.

(Exact name of Registrant as Specified in Its Charter)

 

 

Maryland			1-32733	20-2287134
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
390 RXR Plaza
Uniondale, New York				11556
(Address of Principal Executive Offices)				(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 516 535-0015

 

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:

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		ACR		New York Stock Exchange
8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock		ACRPrC		New York Stock Exchange
7.875% Series D Cumulative Redeemable Preferred Stock		ACRPrD		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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 22, 2026, the stockholders of ACRES Commercial Realty Corp. (the “Company”) approved the Company’s 2026 Omnibus Equity Incentive Plan (the “Equity Incentive Pan”).

 

The description of the terms and conditions of the Equity Incentive Plan, as set forth in the Company’s definitive proxy statement filed with the SEC on May 11, 2026, under the heading “Proposal 5: Approval of 2026 Equity Incentive Plan”, and is incorporated herein by reference. A copy of the Equity Incentive Plan is filed as Exhibit 10.1 hereto and is also incorporated herein by reference.

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

On June 22, 2026, the Company held its 2026 Annual Meeting of Stockholders at which its stockholders: (i) elected nine directors: Messrs. Andrew Fentress, Mark S. Fogel, David J. Bryant, Gary Ickowicz, Steven J. Kessler, Murray S. Levin and P. Sherrill Neff and Mses. Karen Edwards and Dawanna Williams to serve until the next annual meeting of stockholders in 2027; (ii) approved, in an advisory vote, the compensation of the Company’s named executive officers; (iii) ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026; (iv) approved issuance of approximately 7,487,219 shares of our common stock pursuant to the Agreement and Plan of Merger, dated April 29, 2026, by and among the Company, ACRES Holdings Sub LLC (“Merger Sub”), ACRES Capital Corp. (“ACC”) and ACRES Capital, LLC (the “Merger Agreement”), pursuant to which ACC will merge with and into Merger Sub, with Merger Sub continuing as the surviving entity and a wholly-owned subsidiary of the Company (the “Merger”); and (v) approved the adoption of the Equity Incentive Plan.

The voting results were as follows:

 

Election of Directors		Shares For		Shares Against		Abstentions		Broker Non-Votes
Mr. Bryant		3,434,475		41,837		1,180,904		1,353,580
Ms. Edwards		3,430,163		46,083		1,180,970		1,353,580
Mr. Fentress		3,431,530		44,784		1,180,902		1,353,580
Mr. Fogel		3,432,497		43,746		1,180,973		1,353,580
Mr. Ickowicz		3,428,389		47,925		1,180,902		1,353,580
Mr. Kessler		3,429,397		46,905		1,180,914		1,353,580
Mr. Levin		3,346,977		129,337		1,180,902		1,353,580
Mr. Neff		3,427,900		48,902		1,180,414		1,353,580
Ms. Williams		3,398,320		77,947		1,180,949		1,353,580

 

A proposal to approve, in an advisory vote, the compensation of the Company’s named executive officers:

Shares For		Shares Against		Abstentions		Broker Non-Votes
3,338,236		136,543		1,182,437		1,353,580

 

A proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026:

Shares For		Shares Against		Abstentions
4,767,097		63,599		1,180,100

 

A proposal to approve the issuance of approximately 7,487,219 shares of our common stock, subject to certain adjustments, pursuant to the Merger Agreement:

 

Shares For				Shares Against				Abstentions				Broker Non-Votes
	4,605,657				44,847				6,712				1,353,580

 

A proposal to approve, the adoption of the ACRES Commercial Realty Corp. 2026 Omnibus Equity Incentive Plan:

 

Shares For				Shares Against				Abstentions				Broker Non-Votes
	3,406,106				59,552				1,191,558				1,353,580

 

Because the stockholders approved the foregoing proposals at the Annual Meeting, the adjournment proposal was not submitted to the stockholders.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
10.1		ACRES Commercial Realty Corp. 2026 Omnibus Equity Incentive Plan.
104		Cover Page Interactive Data File (embedded within the Inline 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.

			ACRES COMMERCIAL REALTY CORP.
Date:	June 25, 2026	By:	/s/ Jaclyn Jesberger
			Jaclyn Jesberger Senior Vice President, Chief Legal Officer and Secretary