Power REIT 8-K

What Happened
Power REIT announced on July 6, 2026 that its Board of Trustees appointed Brent Morrison as an independent trustee, effective immediately. Mr. Morrison is currently Chairman, CEO and President of Regional Health Properties, Inc., a publicly traded healthcare company. He will serve until the Trust’s next annual shareholder meeting and until a successor is elected or he earlier leaves in accordance with Trust rules.

Key Details

• Appointment effective: July 6, 2026.
• Term: Until the next annual meeting of shareholders and until a successor qualifies (or earlier resignation/removal).
• Background: Mr. Morrison is Chairman, CEO and President of Regional Health Properties, Inc.; experienced in small-cap public company governance, capital markets, financial reporting and corporate finance.
• Compensation & Independence: Board determined he meets NYSE American independence requirements; he will receive the Trust’s standard non-employee trustee compensation. No related-party transactions or special arrangements requiring disclosure.

Why It Matters
This is a board-level governance change: adding an independent trustee with public-company leadership and finance experience could influence oversight, strategic direction and corporate governance. For investors, the appointment signals the Board’s effort to maintain independent oversight and bring experienced leadership to trustee responsibilities; there are no disclosed conflicts or special compensation arrangements tied to the appointment.