STRATUS PROPERTIES INC 8-K

What Happened

• Stratus Properties Inc. (STRS) filed an 8-K on July 1, 2026 stating its Board unanimously approved voluntary delisting from Nasdaq and subsequent deregistration with the SEC as part of a plan of complete liquidation and dissolution. The Board also declared an initial liquidating distribution of $5.00 per share, payable July 20, 2026 to shareholders of record as of July 13, 2026. Stratus delivered notice to Nasdaq on July 1, 2026 and expects to file Form 25 around July 31, 2026, with the delisting becoming effective on or about August 10, 2026.

Key Details

• Initial liquidating distribution: $5.00 per share, payable July 20, 2026; record date July 13, 2026.
• Form 25 expected to be filed on/around July 31, 2026; Nasdaq delisting expected effective ~August 10, 2026 (trading suspension requested before market open that day).
• Stratus intends to file Form 15 to deregister under the Exchange Act; deregistration expected to be effective 90 days after filing, which will suspend its obligations to file Forms 10-K, 10-Q and 8-K.
• Company does not plan to list on another national exchange; shares may trade OTC only if broker-dealers quote them.

Why It Matters

• After deregistration and suspension of reporting, Stratus will stop filing regular SEC reports, reducing publicly available financial disclosures for investors.
• Trading liquidity is likely to decline after Nasdaq delisting; shareholders who keep positions may face wider spreads, less coverage, and OTC trading risks.
• Eligible shareholders will receive the announced $5.00 per-share cash distribution on July 20, 2026; this is part of the company’s wind-down under its plan of liquidation.