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OTHER INFORMATION
+Added: DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
+Added: Not applicable.
We will file a definitive Proxy Statement for our 2022 Annual Meeting of Stockholders (the “2022 Proxy Statement”) with the SEC, pursuant to Regulation 14A, not later than 120 days after December 31, 2021.
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DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
−Removed: The information required by Item 10 is hereby incorporated by reference from our 2021 Proxy Statement under the captions “ Election of Directors to Class of 2024 ,” “ Information Regarding the Board of Directors and Corporate Governance ,” “ Compensation Committee Report, ” “ Executive Officers ,” and the sub-caption “ Code of Business Conduct and Ethics .”
+Added: The information required by Item 10 is hereby incorporated by reference from our 2022 Proxy Statement under the captions “ Election of Directors to Class of 2025 ,” “ Information Regarding the Board of Directors and Corporate Governance ,” “ Compensation Committee Report, ” “ Executive Officers ,” and the sub-caption “ Code of Ethics and Business Conduct .”
EXECUTIVE COMPENSATION
34 unchanged sentences
001-35795), filed on January 14, 2021.
+Added: 3.7 Articles Supplementary, incorporated by reference to Exhibit 3.7 to the Quarterly Report on Form 10-Q (File No.
+Added: 001-35795), filed on May 12, 2021.
4.1 Form of Common Stock Certificate, incorporated by reference to Exhibit 4.1 to Pre-Effective Amendment No.
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001-35795), filed on February 4, 2013.
−Removed: 10.2 Loan Agreement, dated April 30, 2014, by and among Gladstone Land Limited Partnership, as borrower, Gladstone Land Corporation, as guarantor, and Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on May 14, 2014.
−Removed: 10.3 Loan Guaranty Agreement, dated April 30, 2014, by Gladstone Land Corporation for the benefit of Metropolitan Life Insurance Company, incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on May 14, 2014.
−Removed: 10.4 Promissory Note (Note A), dated April 30, 2014, by Gladstone Land Limited Partnership, as borrower, in favor of Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on May 14, 2014.
−Removed: 10.5 Promissory Note (Note B—RELOC), dated April 30, 2014, by Gladstone Land Limited Partnership, as borrower, in favor of Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.4 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on May 14, 2014.
10.2 First Amended and Restated Agreement of Limited Partnership of Gladstone Land Limited Partnership, dated October 7, 2014, incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K (File No.
001-35795), filed on October 14, 2014.
−Removed: 10.7 Third Amendment to Loan Agreement, dated September 3, 2015, by and among Gladstone Land Limited Partnership, as borrower, Gladstone Land Corporation, as guarantor, and Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on September 10, 2015.
−Removed: 10.8 First Amendment to Promissory Note (Note A), dated September 3, 2015, by Gladstone Land Limited Partnership, as borrower, in favor of Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on September 10, 2015.
−Removed: 10.9 First Amendment to Promissory Note (Note B), dated September 3, 2015 by Gladstone Land Limited Partnership, as borrower, in favor of Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on September 10, 2015.
−Removed: 10.10 Fourth Amendment to Loan Agreement, dated October 5, 2016, by and among Gladstone Land Limited Partnership, as borrower, Gladstone Land Corporation, as guarantor, and Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.7 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on October 11, 2016.
−Removed: 10.11 Second Amendment to Promissory Note (Note A), dated October 5, 2016, by Gladstone Land Limited Partnership, as borrower, in favor of Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.8 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on October 11, 2016.
−Removed: 10.12 Second Amendment to Promissory Note (Note B), dated October 5, 2016, by Gladstone Land Limited Partnership, as borrower, in favor of Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.9 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on October 11, 2016.
−Removed: 10.13 Promissory Note (Note C – 2016 Term Facility), dated October 5, 2016, by Gladstone Land Limited Partnership, as borrower, in favor of Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.10 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on October 11, 2016.
−Removed: 10.14 Promissory Note (Note D – 2016 RELOC), dated October 5, 2016, by Gladstone Land Limited Partnership, as borrower, in favor of Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.11 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on October 11, 2016.
−Removed: 10.15 Seventh Amendment to Loan Agreement, dated December 15, 2017, by and among Gladstone Land Limited Partnership, as borrower, Gladstone Land Corporation, as guarantor, and Metropolitan Life Insurance Company, as lender, incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K (File No.
−Removed: 001-35795), filed on December 21, 2017.
10.3 Third Amendment to First Amended and Restated Agreement of Limited Partnership of Gladstone Land Limited Partnership, including Exhibit SB-2 thereto, incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K (File No.
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001-35795), filed on May 31, 2018.
−Removed: 10.18 Fourth Amended and Restated Investment Advisory Agreement, dated January 14, 2020, by and between Gladstone Land Corporation and Gladstone Management Corporation, incorporated by reference to Exhibit 10.35 to the Annual Report on Form 10-K (File No.
−Removed: 001-35795), filed on February 19, 2020.
10.5 Amended and Restated AgVantage Bond Purchase Agreement, dated as of December 10, 2020, by and among Gladstone Lending Company, LLC, as Issuer, Farmer Mac Mortgage Securities Corporation, as Bond Purchaser, and Federal Agricultural Mortgage Corporation, as Guarantor, incorporated by reference to Exhibit 10.1 on the Current Report on Form 8-K (File No.
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001-35795), filed on February 20, 2020.
+Added: 10.15 First Amendment to Loan Agreement, dated as of February 3, 2022 by and among Gladstone Land Limited Partnership, as borrower, Gladstone Land Corporation, as guarantor, and Metropolitan Life Insurance Company, as lender +
+Added: 10.16 Amendment No.1 to Equity Distribution Agreement, dated May 18, 2021, by and among Gladstone Land Corporation, Gladstone Land Limited Partnership, and Ladenburg Thalmann & Co.
+Added: Inc., incorporated by reference to Exhibit 1.1 to the Current Report on Form 8-K (File No.
+Added: 001-35795), filed on May 18, 2021.
+Added: 10.17 Amendment No.1 to Equity Distribution Agreement, dated May 18, 2021, by and among Gladstone Land Corporation, Gladstone Land Limited Partnership, and Virtu Americas LLC, incorporated by reference to Exhibit 1.2 to the Current Report on Form 8-K (File No.
+Added: 001-35795), filed on May 18, 2021
+Added: 10.18 Fifth Amended and Restated Investment Advisory Agreement, dated July 13, 2021, by and between Gladstone Land Corporation and Gladstone Management Corporation, incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K (File No.
+Added: 001-35795), filed on July 14, 2021.
21 List of Subsidiaries of Gladstone Land Corporation.+
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*** Attached as Exhibit 101 to this Annual Report on Form 10-K are the following materials, formatted in Inline eXtensible Business Reporting Language (iXBRL):
−Removed: (i) the Consolidated Balance Sheets as of December 31, 2020, and December 31, 2019, (ii) the Consolidated Statements of Operations and Comprehensive Income for the years ended December 31, 2020 and 2019, (iii) the Consolidated Statements of Equity for the years ended December 31, 2020 and 2019, (iv) the Consolidated Statements of Cash Flows for the years ended December 31, 2020 and 2019, and (v) the Notes to the Consolidated Financial Statements.
+Added: (i) the Condensed Consolidated Balance Sheets as of December 31, 2021, and December 31, 2020, (ii) the Condensed Consolidated Statements of Operations and Comprehensive Income for the years ended December 31, 2021 and 2020, (iii) the Condensed Consolidated Statements of Equity for the years ended December 31, 2021 and 2020, (iv) the Condensed Consolidated Statements of Cash Flows for the years ended December 31, 2021 and 2020, and (v) the Notes to the Condensed Consolidated Financial Statements.
FORM 10-K SUMMARY
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David Gladstone
−Removed: Chief Executive Officer and
+Added: Chief Executive Officer, President, and
Chairman of the Board of Directors
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David Gladstone
−Removed: Chief Executive Officer and Chairman of the Board of Directors
+Added: Chief Executive Officer, President, and Chairman of the Board of Directors
(principal executive officer)
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February 22, 2022 By:
−Removed: February 24, 2021 By:
/s/ John Outland
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.