secwatch.observer — SEC 8-K summary
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Issuer:     Lument Finance Trust, Inc. (LFT)
CIK:        0001547546
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001104659-23-049062
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

President Michael P. Larsen resigns; board adopts stock-for-fees program for independent directors
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- Michael P. Larsen resigned as President effective April 18, 2023; no successor named.
- Board adopted Independent Directors Stock-for-Fees Program effective April 20, 2023.
- Program allows independent directors to elect fees in common stock instead of cash.
- Maximum shares issuable: 2,611,555; per director cap: 522,311 shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547546/000110465923049062/0001104659-23-049062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547546/000110465923049062/tm2313448d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-049062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer