SEC Info - Stratus Properties Inc. - ‘8-K’ for 9/1/22

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Stratus Properties Inc. – ‘8-K’ for 9/1/22

On: Friday, 9/2/22, at 8:56am ET · For: 9/1/22 · Accession #: 885508-22-48 · File #: 1-37716

  As Of               Filer                 Filing    For·On·As Docs:Size

 9/02/22  Stratus Properties Inc.           8-K:8,9     9/01/22   12:250K

Current Report — Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     33K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     16K 
 7: R1          Cover Page                                          HTML     48K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
 8: XML         XBRL Instance -- strs-20220901_htm                   XML     21K 
 9: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 4: EX-101.DEF  XBRL Definitions -- strs-20220901_def                XML     18K 
 5: EX-101.LAB  XBRL Labels -- strs-20220901_lab                     XML     78K 
 6: EX-101.PRE  XBRL Presentations -- strs-20220901_pre              XML     43K 
 3: EX-101.SCH  XBRL Schema -- strs-20220901                         XSD     11K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               13±    19K 
12: ZIP         XBRL Zipped Folder -- 0000885508-22-000048-xbrl      Zip     32K

‘8-K’ — Current Report

This is an HTML Document rendered as filed. [ Alternative Formats ]

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strs-20220901

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM i 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): i September 1, 2022

i Stratus Properties Inc.

(Exact name of registrant as specified in its charter)

i Delaware

i 001-37716

i 72-1211572

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification Number)


i 212 Lavaca St., Suite 300
i Austin,	i Texas	i 78701
(Address of Principal Executive Offices)		(Zip Code)

Registrant's telephone number, including area code: ( i 512) i 478-5788

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:

i ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

i ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

i ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

i ☐ 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
i Common Stock, par value $0.01 per share	i STRS	i The NASDAQ Stock Market

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 i ☐

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 8.01. Other Events.

On September 1, 2022, Stratus Properties Inc.’s (Stratus) Board of Directors (Board) declared a special cash dividend of $4.67 per share on Stratus’ common stock payable on September 29, 2022 to shareholders of record as of September 19, 2022.

Stratus’ Board also approved a new share repurchase program, which authorizes repurchases of up to $10 million of Stratus’ common stock. The repurchase program authorizes Stratus, in management’s discretion, to repurchase shares from time to time, subject to market conditions and other factors.

On September 2, 2022, Stratus issued a press release, titled “Stratus Properties Inc. Announces $50 Million Return of Capital to Shareholders.” A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 8.01.

Item 9.01. Financial Statements and Exhibits.

d) Exhibits.


Exhibit Number			Exhibit Title
99.1			Press Release dated September 2, 2022, titled “Stratus Properties Inc. Announces $50 Million Return of Capital to Shareholders.”
104			The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURE

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.

Stratus Properties Inc.

By: /s/ Erin D. Pickens

Erin D. Pickens

Senior Vice President and

Chief Financial Officer

(authorized signatory and

Principal Financial Officer and

Principal Accounting Officer)

Date: September 2, 2022