Armada Hoffler Properties Inc.

01/12/2022 | Press release | Distributed by Public on 01/12/2022 05:05

Material Event - Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 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): January 6, 2022

ARMADA HOFFLER PROPERTIES, INC.

(Exact name of registrant as specified in its charter)

Maryland 001-35908 46-1214914
(State or other jurisdiction of
incorporation)
(Commission File Number) (IRS Employer Identification No.)
222 Central Park Avenue, Suite 2100
Virginia Beach, Virginia 23462
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (757) 366-4000

Not Applicable

(Former name or former address, if changed since last report)

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:

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

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

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

¨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
Common Stock, $0.01 par value per share AHH New York Stock Exchange
6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share AHHPrA New York Stock Exchange

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 ¨

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 January 6, 2022, Armada Hoffler Properties, Inc. (the "Company") and Armada Hoffler, L.P. entered into an underwriting agreement (the "Underwriting Agreement") with BofA Securities, Inc., as the underwriter (the "Underwriter"). Pursuant to the terms and conditions of the Underwriting Agreement, the Company agreed to sell 3,500,000 shares of its common stock, $0.01 par value per share ("Common Stock"). Pursuant to the terms of the Underwriting Agreement, the Company granted the Underwriter a 30-day option to purchase up to an additional 525,000 shares of Common Stock, which was exercised in full on January 7, 2022. Pursuant to the Underwriting Agreement, the Underwriter purchased the shares from the Company at a purchase price of $14.45 per share of Common Stock. The common stock was offered and sold pursuant to a prospectus supplement, dated January 6, 2022, and a base prospectus, dated March 9, 2020, relating to the Company's effective shelf registration statement on Form S-3 (File No. 333-236982). The closing of the offering occurred on January 11, 2022.

A copy of the Underwriting Agreement is filed herewith as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. The summary set forth above is qualified in its entirety by reference to Exhibit 1.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description
1.1 Underwriting Agreement, dated January 6, 2022, by and among Armada Hoffler Properties, Inc., Armada Hoffler, L.P. and BofA Securities, Inc., as the underwriter.
5.1 Opinion of Morrison & Foerster LLP regarding the legality of shares.
23.1 Consent of Morrison & Foerster LLP (included in Exhibit 5.1).
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

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.

ARMADA HOFFLER PROPERTIES, INC.
Date: January 11, 2022 By: /s/ Michael P. O'Hara
Michael P. O'Hara
Chief Financial Officer, Treasurer, and Secretary