STRATUS PROPERTIES INC 8-K

What Happened

• On March 24, 2026, Stratus Properties Inc. announced that its Board of Directors unanimously approved a plan of complete liquidation and dissolution following a strategic review that began March 11, 2026. The Plan calls for an orderly sale of all or substantially all of Stratus’ assets and distribution of the net proceeds to stockholders, after payment of or reasonable provision for liabilities. The Plan is subject to stockholder approval and will be described in a proxy statement to be filed with the SEC.

Key Details

• Board action announced in a press release dated March 24, 2026 (filed as Exhibit 99.1).
• Estimated total stockholder distributions stated in the press release: $29.73 to $37.69 per share.
• Plan requires submission for and approval by Stratus’ stockholders at a future meeting; final proceeds depend on asset sale results and liability settlements.
• Additional information and the formal vote details will be provided in a forthcoming proxy statement filed with the SEC.

Why It Matters

• This is a material corporate event: if approved and completed, Stratus will cease operating as a public company and return cash to shareholders through liquidation proceeds. The announced distribution range gives investors an early estimate of expected cash per share, but the final amount and timing will depend on actual asset sale prices, payment of liabilities, and the stockholder vote. Investors should review the upcoming proxy statement for the full liquidation plan, anticipated timeline, tax implications, and instructions for the shareholder vote.