Item 2.01. Completion of Acquisition or Disposition of Assets.

On October 16, 2020, Drive Shack Inc. (the "Company") consummated the sale of the Rancho San Joaquin golf course, located in Irvine, California. Gross proceeds from the sale equaled $34.5 million, prior to taking into account transaction fees and certain adjustments to the contract sale price based on current assets and liabilities of the golf course at the time of sale. The buyer of Rancho San Joaquin was a privately-held entity headquartered in California, and did not have any material relationship with the Company or any of its subsidiaries or affiliates or any director or officer of the registrant, or any associate of any director or officer of the Company.

A copy of the Company's press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.




Item 8.01. Other Events.

The Company currently intends to hold its 2020 Annual Meeting of Stockholders (the "Annual Meeting") on December 14, 2020. Additional information regarding the Annual Meeting, including the time and location, will be provided in the Company's proxy materials. The mailing of such proxy materials, including the definitive proxy statement and notice of meeting, to stockholders are expected to commence on or about November 4, 2020.

Under the rules of the U.S. Securities and Exchange Commission, the Company has set October 29, 2020 as the deadline for submitting a shareholder proposal for inclusion in the Company's proxy materials for the Annual Meeting pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended. Accordingly, in order for a stockholder proposal to be considered for inclusion in the Company's proxy materials for the Annual Meeting, the proposal must be received by the Secretary of the Company at the Company's principal executive offices at 218 W. 18th Street, 3rd Floor, New York, New York 10011, no later than the close of business on such date, and comply with the procedures and requirements set forth in Rule 14a-8.

In accordance with the advance notice requirements contained in the Company's Amended and Restated Bylaws (the "Bylaws"), for director nominations or other business to be brought before the Annual Meeting by a stockholder, other than Rule 14a-8 proposals described above, written notice must be delivered to the Secretary of the Company at the same address noted above, no later than the close of business on October 29, 2020. These stockholder notices also must comply with the requirements of the Bylaws and will not be effective otherwise.

Item 9.01. Financial Statements and Exhibits.





(d)      Exhibits

  99.1   Press Release, dated October 19, 2020.
104      Cover Page Interactive Data File (formatted as Inline XBRL).

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