PORTSMOUTH SQUARE INC 8-K

What Happened

• Portsmouth Square Inc. (PRSI) filed an 8-K on Jan 9, 2026 (Item 5.02) announcing that director John C. Love resigned from the board effective January 6, 2026. The filing states his resignation was not due to any disagreement with the Company.
• On the same date (January 6, 2026) the Board appointed Andrew Kaplan as a director, effective immediately. Mr. Kaplan has more than 30 years of experience in financial public relations and capital markets, has sourced over $500 million in capital for issuers, and has served on multiple public-company boards. He currently consults to Avino Silver & Gold Mines Ltd. (NYSE) and Energy Fuels Inc. (NYSE).

Key Details

• Resignation: John C. Love, effective January 6, 2026; not due to disagreement with the Company.
• Appointment: Andrew Kaplan, effective January 6, 2026; will receive the Company’s standard non-employee director compensation.
• Experience: Kaplan has 30+ years in capital markets and has sourced over $500 million in capital; prior board roles include public companies listed on NYSE, Nasdaq, and TSX.
• No arrangements or related-party transactions were disclosed as part of Kaplan’s selection; the Board assigned his committee roles.

Why It Matters

• This is a governance change (Item 5.02) that alters the board composition. Investors should note the company added a director with deep capital-markets and fundraising experience, which may strengthen institutional outreach, analyst engagement, and financing capabilities.
• The filing discloses no disputes or related-party issues tied to the change, and there are no immediate financial impacts reported. Continued filings or disclosures would be the place to watch for any material effects on strategy, financing, or corporate governance.