UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Zoned Properties, Inc. (the “Company”) believes that it is in the best interest of the Company’s shareholders to decrease the size of the Company’s Board of Directors (the “Board”), and accordingly decrease the amount of compensation expense that the Company incurs related to its Board service. On April 23, 2025, the following members of the Board submitted their respective resignations as Board members: Alex McLaren, Derek Overstreet and Jody Kane. None of the resignations was because of a disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Company’s operations, policies or practices.
On April 23, 2025, following the resignations, the Board reduced the size of the Board to four members, consisting of the following:
Bryan McLaren, Chairman
Art Friedman
David G. Honaman
Cole Stevens
Item 8.01. Other Events.
Following the director resignations as described in Item 5.02 hereof, the members and chairmen of the Board committees were as follows:
| Audit Committee | Compensation Committee | Nominating and Governance Committee | ||
| David G. Honaman, Chairman | Art Friedman, Chairman | Cole Stevens, Chairman | ||
| Art Friedman | David G. Honaman | Art Friedman | ||
| Cole Stevens | Cole Stevens | David G. Honaman |
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (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.
| ZONED PROPERTIES, INC. | |
| Dated: April 24, 2025 | /s/ Bryan McLaren |
| Bryan McLaren | |
| Chief Executive Officer & Chief Financial Officer |