Attached files
file | filename |
---|---|
EX-31.1 - EX-31.1 - Lodging Fund REIT III, Inc. | tmb-20201231xex31d1.htm |
EX-31.2 - EX-31.2 - Lodging Fund REIT III, Inc. | tmb-20201231xex31d2.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
(Mark One)
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2020
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Transition period from to
Commission file number: 000-56082
LODGING FUND REIT III, INC.
(Exact Name of Registrant as Specified in Its Charter)
Maryland |
| 83-0556111 |
(State or Other Jurisdiction of Incorporation or Organization) |
| (I.R.S. Employer Identification No.) |
| | |
1635 43rd Street South, Suite 205 Fargo, North Dakota |
| 58103 |
(Address of Principal Executive Offices) |
| (Zip Code) |
(701) 630-6500
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act: None
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
None | N/A | N/A |
Securities registered pursuant to Section 12(g) of the Act: Common Stock, $0.01 par value
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer |
| ☐ | Accelerated filer | | | ☐ |
Non-accelerated filer | | ☒ | Smaller reporting company | | | ☒ |
|
| | 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. ☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
The aggregate market value of the common stock held by non-affiliates of the registrant: No established market exists for the registrant’s shares of common stock. On June 1, 2018 the registrant launched its ongoing private offering of its shares of common stock, which shares are being offered at $10.00 per share, with discounts available for certain categories of purchasers. There were 7,194,494 shares of common stock held by non-affiliates as of June 30, 2020, the last business day of the registrant’s most recently completed second fiscal quarter.
As of March 25, 2021, there were 7,717,167 outstanding shares of common stock of the registrant.
DOCUMENTS INCORPORATED BY REFERENCE
None. Certain information from the definitive proxy statement for the Registrant’s 2021 Annual Meeting of Stockholders filed with the Securities and Exchange Commission (the “SEC”) no later than April 30, 2021 was incorporated by reference into Part III of the Registrant’s Annual Report on Form 10-K for the period ended December 31, 2020 originally filed on March 31, 2021.
EXPLANATORY NOTE
Lodging Fund REIT III, Inc. (the “registrant”) is filing this abbreviated amendment to the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, originally filed by the registrant with the Securities and Exchange Commission on March 31, 2021 (the “Original 10-K”) solely to include language regarding internal control over financial reporting in the introductory portion of paragraph 4 and paragraph 4(b) of the 302 certifications filed as Exhibits 31.1 and 31.2 with this amendment, which language was inadvertently omitted in the 302 certifications included with the Original 10-K. This amendment does not change the previously reported financial statements or any of the other disclosure contained in the Original 10-K.
Index to Exhibits
* Filed herewith
1
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| LODGING FUND REIT III, INC. | |
| | |
Date: May 28, 2021 | By: | /s/ Corey R. Maple |
| | Corey R. Maple |
| | Chairman of the Board, Chief Executive Officer, Secretary and Director |
| | (principal executive officer) |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated and on the dates indicated.
Date |
| Name and Title |
| | |
May 28, 2021 | | /s/ Corey R. Maple |
| | Corey R. Maple, Chairman of the Board, Chief Executive Officer, Secretary and Director (principal executive officer) |
| | |
May 28, 2021 | | /s/ Samuel C. Montgomery |
| | Samuel C. Montgomery, Chief Financial Officer (principal financial officer and principal accounting officer) |
| | |
May 28, 2021 | | /s/ Norman H. Leslie |
| | Norman H. Leslie, President, Chief Investment Officer, Treasurer and Director |
| | |
May 28, 2021 | | /s/ David G. Ekman |
| | David G. Ekman, Director |
| | |
May 28, 2021 | | /s/ Brian Hagen |
| | Brian Hagen, Director |
| | |
May 28, 2021 | | /s/ Jeffrey T. Leighton |
| | Jeffrey T. Leighton, Director |
| | |
May 28, 2021 | | /s/ Perry Rynders |
| | Perry Rynders, Director |
2