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For the fiscal year ended or ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 December 31 , 2020 For the transition period from Commission File Number : 001-31458 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D.C. 20549 Maryland ( State or other jurisdiction of incorporation or organization ) FORM 10 - K o Yes x No 10670 N. Central Expressway , Suite 700 , Dallas , TX ( Address of principal executive offices ) Registrant's telephone number , including area code : ( 646 ) 585-5591 Securities registered pursuant to Section 12 ( b ) of the Act : Title of each class : Common Stock , $ 0.01 par value per share 9.75 % Series B Cumulative Redeemable Preferred Stock , $ 0.01 par value per share 8.05 % Series C Cumulative Redeemable Preferred Stock , $ 0.01 par value per share o Yes x No to Drive Shack Inc. ( Exact name of registrant as specified in its charter ) x Yes o No 81-0559116 ( I.R.S. Employer Identification No. ) 75231 ( Zip Code ) Trading Symbol ( s ) . DS DS - PB 8.375 % Series D Cumulative Redeemable Preferred Stock , $ 0.01 par value per share Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . DS - PC Name of exchange on which registered : New York Stock Exchange ( NYSE ) New York Stock Exchange ( NYSE ) New York Stock Exchange ( NYSE ) New York Stock Exchange ( NYSE ) DS - PD Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . x Yes o No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company or an emerging growth company . See definition of " large accelerated filer " , " accelerated filer " , " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act .