MDV MODIV INDUSTRIAL, INC.

NEUTRAL Impact: 3/10 10-K/A
Horizon immediate Filed Apr 30, 2026 Processed 1mo ago SEC 0001645873-26-000057
Amended annual report (potential restatement)
Latest settled — T+20d
MDV-PA ▲ +2.19% at T+20d
NEUTRAL call ✓ call won +2.19% · α vs SPY -3.08% · entry $24.71 → $25.25
Next anchor: T+60d in 6w
Last close $18.35 (close Jun 12) · -25.74% from $24.71 entry
Entry anchored
Apr 30, 2026
via day open
T+1d
+0.97%
call +0.97% · α +1.31%
$24.95
settled 6w ago
T+5d
+0.77%
call +0.77% · α -1.58%
$24.90
settled 6w ago
T+20d
+2.19%
call +2.19% · α -3.08%
$25.25
settled 17d ago
T+60d
call — · α —
in 6w

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Executive Summary

Modiv Industrial filed Amendment No. 1 to its 2025 10-K solely to add Part III information (directors, executive compensation, beneficial ownership) that was omitted from the original filing because the company will not file a proxy statement within 120 days of year-end. The amendment includes updated Section 302 certifications and discloses CFO/Secretary succession (Pacini resigned, Raney appointed) and large equity grants to executives. No financial restatements or changes to financial statements are included.

Actionable Insight

This is a purely administrative amendment adding corporate governance disclosures. No financial restatement or material event. Monitor the next quarterly filing for any operational updates from the new CFO.

Key Facts

  • Amendment filed solely to add Part III information (directors, executive compensation, beneficial ownership) not included in original 10-K filed March 25, 2026
  • Raymond J. Pacini resigned as CFO and Secretary upon filing of the original 10-K; John C. Raney appointed as CFO, General Counsel and Secretary
  • CEO Aaron Halfacre ceased drawing salary effective April 1, 2025 and received 546,543 Class X OP Units valued at $8,138,018
  • Total 2025 compensation: CEO Halfacre $8,245,521, EVP Pacini $1,390,150, CFO Raney $2,841,925
  • Grant Thornton remains independent auditor; audit fees were $493,451 for 2025 and $466,779 for 2024
  • No related party transactions occurred in 2024 or 2025
  • Two 5%+ shareholders: First City Investment Group (5.2%) and BlackRock (5.1%)

Financial Impact

No financial restatements or changes to previously reported financials. Executive compensation disclosed: CEO total $8.2M (primarily equity), EVP $1.4M, CFO $2.8M.

Risk Factors

  • No material risks identified from this administrative filing

Market Snapshot

Exchange
NYSE
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Real Estate Investment Trusts

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
10-K/A Filing (Primary)0001645873-26-000057
Document: modivreit-12312025xex314.htm0001645873-26-000057
Document: modivreit-ex31312312025.htm0001645873-26-000057
Document: 0001645873-26-000057-index-headers.html0001645873-26-000057
Document: 0001645873-26-000057-index.html0001645873-26-000057
Document: 0001645873-26-000057.txt0001645873-26-000057
3 reports for MDV
Performance horizon

Track record builds as more directional reports settle.

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Reports for MDV — sortable, filterable
Type Now
May 4, 2026
5w ago
8-K / 425
BULLISH ★ 7/10
$24.95 $25.25▲ +1.20%▼ −4.44%$18.35 (−26.45%)
Apr 30, 2026
6w ago
10-K/A
NEUTRAL ★ 3/10
$24.71 $25.25▲ +2.19%▼ −3.08%$18.35 (−25.74%)
Mar 19, 2026
12w ago
8-K
NEUTRAL ★ 3/10
$14.33 $15.98▲ +11.52%▲ +3.90%$18.35 (+28.06%)
Showing 3 of 3

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