---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-058225"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2022-05-10T23:59:59+00:00"
generated_at: "2026-06-25T21:38:16.389478+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Ready Capital accelerates conversion of all Class B common shares into common stock effective May 11, 2022

## Summary
- Board accelerated automatic conversion of all outstanding Class B-1, B-2, B-3, B-4 shares (one-for-one) into common stock as of 5:00 p.m. ET on May 11, 2022.
- Following conversion, all Class B shares reclassified as common; authorized shares now 500M common and 50M preferred.
- Conversion stems from MREC merger closing Mar 16, 2022; eliminates separate class B structure.

## SEC filing metadata
- accession: 0001104659-22-058225
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2022-05-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000110465922058225/0001104659-22-058225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000110465922058225/tm2214900d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-058225
- JSON: https://secwatch.observer/filing/0001104659-22-058225.json
- Plain text: https://secwatch.observer/filing/0001104659-22-058225.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.