Leopard Intermediate LLC, as successor by merger to LXP Industrial Trust, filed Post-Effective Amendments to four Form S-8 Registration Statements on November 2, 2026, to deregister all remaining unsold or unissued common shares previously registered under the company's equity award plans following the completion of a merger.

Key Highlights

  • Merger completed: LXP Industrial Trust merged with and into Leopard Merger Sub LLC on November 2, 2026, with Leopard Intermediate LLC surviving as the ultimate successor entity.
  • Four registrations terminated: Post-effective amendments were filed against Registration Nos. 333-85625, 333-102232, 333-266016, and 333-288228.
  • Shares deregistered: The affected plans collectively covered registrations of 1,600,000 shares (1999), 800,000 shares (2002), 6,070,924 shares (2022), and 5,000,000 shares (2025).
  • Merger agreement date: The Agreement and Plan of Merger was dated July 19, 2026, among the Registrant, Leopard REIT LLC as Parent, and Leopard Merger Sub LLC as Merger Sub.
  • Plans covered: The deregistered plans include equity award plans dating back to the Lexington Corporate Properties Trust 1993 Stock Option Plan through the LXP Industrial Trust 2022 Equity-Based Award Plan, as amended.
  • Signed by: Gautam Huded, Executive Vice President of Leopard Intermediate LLC, signed the amendments on November 2, 2026, in Atlanta, Georgia.

LXP Industrial Trust Closes Merger, Terminates Equity Plan Registrations Spanning Three Decades

LXP Industrial Trust, a Maryland real estate investment trust formerly known as Lexington Realty Trust and, prior thereto, Lexington Corporate Properties Trust, completed a two-step merger process on November 2, 2026. According to the filing, the company first merged with and into Leopard Merger Sub LLC, a Maryland limited liability company and wholly owned indirect subsidiary of Leopard REIT LLC, with Leopard Merger Sub LLC surviving as the "Initial Surviving Entity." Later that same day, 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 mergers, Parent became the sole member of the Surviving Entity.

As a consequence of the completed mergers, the registrant disclosed that it has "terminated any and all offerings of its securities pursuant to the Registration Statements." The four post-effective amendments cover equity plans that span a substantial history of the company's prior corporate identities. The oldest, Registration No. 333-85625, was originally filed on August 20, 1999, and covered 1,600,000 shares split equally between the 1993 Stock Option Plan and the 1998 Share Option Plan. Registration No. 333-102232, filed December 27, 2002, covered 800,000 shares under the Amended and Restated 2002 Equity-Based Award Plan. The two most recent registrations, Nos. 333-266016 and 333-288228, filed in 2022 and 2025 respectively, covered shares under the LXP Industrial Trust 2022 Equity-Based Award Plan and its amendment, totaling an additional 11,070,924 shares across both filings.

The filing notes that the registrant is removing from registration "any and all securities of the Registrant registered but unsold or otherwise unissued under the Registration Statements as of the date hereof," consistent with undertakings previously made in each Registration Statement. Counsel of record listed in the filing includes Brian Scrivani, Esq. and David Perechocky, Esq. of Gibson, Dunn and Crutcher LLP.

What Was Disclosed

LXP Industrial Trust, now succeeded by Leopard Intermediate LLC following mergers completed November 2, 2026, filed post-effective amendments to terminate four S-8 registrations and remove all unsold or unissued shares previously registered under five equity compensation plans from as far back as 1993.