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): May 1, 2024 (April 29, 2024)
AMBASE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
| 1-07265
| 95-2962743
|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
7857 WEST SAMPLE ROAD, SUITE 134
CORAL SPRINGS, FLORIDA 33065
(Address of principal executive offices, including zip code)
(201) 265-0169
(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 (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 |
None.
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 |
AmBase Corporation (“AmBase” or the “Company”) announced the passing of Mr. Jerry Y. Carnegie, a Director of the Company since 2009. Mr. Carnegie had served on the Company’s Board of Directors (the “Board”) and served as the Chairman of the Company’s Accounting and Audit Committee and as a member of the Company’s Personnel Committee.
The Company had previously announced, in March 2024, that Mr. Carnegie formally informed the Company that he would not stand for re-election to the Company’s Board at the end of his current term in June 2024. There are no disagreements between Mr. Carnegie and the Company.
On April 29, 2024, the Company was informed that Mr. Carnegie had passed away. The Company is saddened to learn of Mr. Carnegie’s passing.
The Board will be considering a reduction in the number of directors of the Board or alternatives to the Board seat vacated.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit Number | | Exhibit Title |
| | | |
| 104.1 | | The Cover Page from this Current Report on Form 8-K, formatted in Inline XBRL. |
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.
| | AMBASE CORPORATION |
| | |
| | By | /s/ John Ferrara | |
| | John Ferrara |
| | Vice President and Chief Financial Officer and Controller |
| | AmBase Corporation |
| | Date: May 1, 2024 |
