American Strategic Investment Co. 8-K

What Happened

• The company filed an 8-K reporting that Edward M. Weil, Jr. resigned as a Class III director and Chairman effective July 9, 2026, citing personal reasons and no disagreement with the company. On July 10, 2026, the Board appointed Nicholas S. Schorsch, Jr., age 41, as a Class III director and Chairman to fill the vacancy. Mr. Schorsch, Jr.’s term began July 10, 2026 and runs until the Company’s 2029 annual meeting (or until his successor is elected). He has served as the Company’s Chief Executive Officer since March 2025 and was selected to the Board as a managing director by the Company’s advisor, New York City Advisors, LLC.

Key Details

• Edward M. Weil, Jr. resignation effective: July 9, 2026; reason: personal, not due to any disagreement.
• Nicholas S. Schorsch, Jr. appointment effective: July 10, 2026 as Class III director and Chairman; term expires at 2029 annual meeting.
• Mr. Schorsch, Jr. background: CEO since March 2025; long experience in real estate/capital markets (helped source >$1B in real-estate acquisitions, served on a fund investment committee with $2.6B AUM, led teams that raised >$10B in retail equity and participated in >$20B of M&A; part of platforms servicing ~2.5M accounts with ~$225B AUM).
• Related‑party note: the filing states no special arrangements for his appointment and no reportable transactions under Item 404, other than any interest he may have as Chief Operating Officer of AR Global (parent of the Advisor) and as the son of Nicholas S. Schorsch.

Why It Matters

• This is a governance change at the top: the company’s CEO has been elevated to a Board seat and named Chairman, which may centralize leadership and decision-making. Investors should note continuity in management (no reported disagreement) and Mr. Schorsch, Jr.’s extensive industry experience. Also note the potential related‑party connections disclosed (ties to AR Global and his family) that investors often watch for conflicts of interest or alignment with the advisor.