Leopard Intermediate LLC, as successor by merger to LXP Industrial Trust, filed four Post-Effective Amendments to Form S-8 on November 2, 2026, removing from registration all unsold or unissued shares under four previously active equity compensation plan registrations following the completion of a two-step merger.

Key Highlights

  • Merger completed November 2, 2026: LXP Industrial Trust merged with and into Leopard Merger Sub LLC, with the surviving entity subsequently merging into Leopard Intermediate LLC, making Leopard REIT LLC the sole member of the surviving entity.
  • Four registration statements terminated: The filing terminates Registration Statements Nos. 333-85625, 333-102232, 333-266016, and 333-288228, each covering shares under separate equity award plans.
  • Total shares covered: The four registrations collectively covered approximately 13,470,924 shares of common stock, par value $0.0001 per share, across the affected plans.
  • Earliest plan dated 1993: The oldest registration, No. 333-85625, filed August 20, 1999, covered 1,600,000 shares split between the Lexington Corporate Properties Trust 1993 Stock Option Plan and the 1998 Share Option Plan.
  • Most recent plan registered June 2025: Registration No. 333-288228, filed June 23, 2025, registered 5,000,000 shares under the LXP Industrial Trust 2022 Equity-Based Award Plan, as amended.
  • Signed in Atlanta, Georgia: The Post-Effective Amendments were executed by Gautam Huded, Executive Vice President, on behalf of Leopard Intermediate LLC.

LXP Industrial Trust's Equity Plans Terminated Following Two-Step Merger Closing

LXP Industrial Trust, a Maryland real estate investment trust formerly known as Lexington Realty Trust and, prior thereto, Lexington Corporate Properties Trust, completed a merger transaction on November 2, 2026, according to the filing. The company had been listed on the NYSE under the ticker LXP. Pursuant to an Agreement and Plan of Merger dated July 19, 2026, LXP Industrial Trust merged with and into Leopard Merger Sub LLC, a Maryland limited liability company and wholly owned indirect subsidiary of Leopard REIT LLC. Leopard Merger Sub LLC was identified as the Initial Surviving Entity.

Following the effective time of that initial merger, also on November 2, 2026, the Initial Surviving Entity merged with and into Leopard Intermediate LLC, a Delaware limited liability company and wholly owned subsidiary of Leopard REIT LLC, with Leopard Intermediate LLC surviving as the Surviving Entity. The filing states that as a result of these two mergers, "Parent became the sole member of the Surviving Entity." Leopard Intermediate LLC, as successor by merger, executed the Post-Effective Amendments from Atlanta, Georgia.

The four registration statements being terminated span more than two decades of the company's equity compensation history. Registration No. 333-85625, filed August 20, 1999, covered 800,000 shares each under the 1993 Stock Option Plan and the 1998 Share Option Plan. Registration No. 333-102232, filed December 27, 2002, registered 800,000 shares under the Amended and Restated 2002 Equity-Based Award Plan. Registration No. 333-266016, filed July 5, 2022, registered 6,070,924 shares under the 2022 Equity-Based Award Plan, of which 4,000,000 were newly registered and 2,070,924 were shares subject to outstanding awards previously registered under No. 333-223399. The most recent, Registration No. 333-288228, registered 5,000,000 additional shares under the same 2022 plan as amended. The filing states that the Registrant "has terminated any and all offerings of its securities pursuant to the Registration Statements" as a result of the mergers.

What Was Disclosed

LXP Industrial Trust, through its successor Leopard Intermediate LLC, filed Post-Effective Amendments on November 2, 2026, to deregister all unsold or unissued shares across four S-8 registration statements covering multiple historical equity compensation plans, following the completion of a two-step merger with entities affiliated with Leopard REIT LLC.