Current Report Filing (8-k)
19 Mai 2022 - 10:28PM
Edgar (US Regulatory)
0001555074false00015550742022-05-172022-05-17
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported): May 19, 2022
(May 17, 2022)
ALTISOURCE ASSET MANAGEMENT CORPORATION
(Exact name of Registrant as specified in its charter)
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U.S. Virgin Islands |
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001-36063
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66-0783125 |
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(State or other jurisdiction of incorporation or
organization) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
5100 Tamarind Reef
Christiansted, U.S. Virgin Islands 00820
(Address of principal executive offices including zip
code)
(704) 275-9113
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last
report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Securities registered or to be registered pursuant to Section 12(b)
of the Act:
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Title of each class
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Trading Symbol(s) |
Name of each exchange on which registered
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Common stock, par value $0.01 per share |
AAMC |
NYSE American |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter):
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the
Exchange Act.
☐
Item 5.02 Departure of Directors or Certain Officers; Compensatory
Arrangements of Certain Officers.
Thomas K. McCarthy’s last day in his term as Interim Chief
Executive Officer will be May 31, 2022.
On May 17, 2022, Altisource Asset Management Corporation (the
Company) entered into an amendment to his employment agreement as
of August 16, 2021, as amended on December 30, 2021 and March 30,
2022 (“Employment Agreement”),
wherein the Company has agreed to pay Mr. McCarthy a bonus of
$250,000 in recognition of his contribution to the Company during
his tenure as Interim Chief Executive Officer subject to Mr.
McCarthy releasing the Company from all claims arising from his
employment and the termination of his employment with the Company,
effective May 31, 2022.
The foregoing description of the Employment Agreement does not
purport to be complete and is qualified in its entirety by
reference to the full text of the amendment to the Employment
Agreement dated May 17, 2022, which is attached
hereto as Exhibit 10.1 and incorporated herein by
reference.
Item 7.01 Regulation FD Disclosure.
On May 19, 2022, the Company issued a press release that confirmed
Mr. McCarthy's last day as Interim Chief Executive Officer and
included additional recent developments at the Company. A copy of
the press release is attached as Exhibit 99.1 to this Report on
form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No.
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Description
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Amendment dated May 17, 2022, to the Employment Agreement dated as
of August 16, 2021, as amended on December 30, 2021 and March 30,
2022.
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Press Release of Altisource Asset Management Corporation, dated
May 19, 2022
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101 |
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Pursuant to Rule 406 of Regulation S-T, the cover page is formatted
in Inline XBRL (Inline eXtensible Business Reporting
Language) |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL
document). |
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, as amended, the registrant has
duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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Altisource Asset Management Corporation
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May 19, 2022 |
By:
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/s/ Kevin Sullivan |
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Kevin Sullivan
General Counsel
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Altisource Asset Managem... (AMEX:AAMC)
Graphique Historique de l'Action
De Déc 2022 à Jan 2023
Altisource Asset Managem... (AMEX:AAMC)
Graphique Historique de l'Action
De Jan 2022 à Jan 2023
