{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-066662","form_type":"8-K","ticker":null,"cik":"0001784797","company_name":"Broadmark Realty Capital Inc.","filed_at":"2023-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.561236+00:00","generated_at":"2026-06-14T10:43:20.719347+00:00","sec_items":["1.02","2.01","3.01","3.03","5.01","5.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Broadmark Realty completes merger with Ready Capital; BRMK shares converted at 0.47233 RC shares","bullets":["Effective May 31, 2023, Broadmark merged with RCC Merger Sub; surviving company is Ready Capital.","Each BRMK share converted into 0.47233 shares of RC common stock (NYSE:RC); cash for fractional shares.","Credit agreement with JPMorgan Chase terminated in connection with merger.","BRMK trading suspended and delisted from NYSE; Company to file Form 15 to suspend reporting.","All directors and executive officers of Broadmark ceased to hold positions at Effective Time."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-066662","json":"https://secwatch.observer/filing/0001104659-23-066662.json","markdown":"https://secwatch.observer/filing/0001104659-23-066662.md","text":"https://secwatch.observer/filing/0001104659-23-066662.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/tm2317444d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T10:43:20.719347+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"076e1970a4","claim":"Pinkie D. Mayfield departed as Director at Broadmark Realty Capital Inc..","evidence_excerpt":"As of the Effective Time, as contemplated by the Merger Agreement (and not because of any disagreement with the Company), the Company’s directors ceased serving in such capacity. These directors are Jeffrey B. Pyatt, Stephen G. Haggerty, Daniel J. Hirsch, David A. Karp, Norma J. Lawrence, Kevin M. Luebbers and Pinkie D. Mayfield.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to serve"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"137f53b8cc","claim":"Jeffrey B. Pyatt departed as Executive Officer at Broadmark Realty Capital Inc..","evidence_excerpt":"In addition, at the Effective Time, each of the executive officers of the Company, Jeffrey B. Pyatt, Jonathan Hermes, Kevin M. Luebbers and Nevin Boparai, ceased to be an executive officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"39c83fa54c","claim":"Kevin M. Luebbers departed as Executive Officer at Broadmark Realty Capital Inc..","evidence_excerpt":"In addition, at the Effective Time, each of the executive officers of the Company, Jeffrey B. Pyatt, Jonathan Hermes, Kevin M. Luebbers and Nevin Boparai, ceased to be an executive officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"3e03eb4f9e","claim":"Jonathan Hermes departed as Executive Officer at Broadmark Realty Capital Inc..","evidence_excerpt":"In addition, at the Effective Time, each of the executive officers of the Company, Jeffrey B. Pyatt, Jonathan Hermes, Kevin M. Luebbers and Nevin Boparai, ceased to be an executive officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"54b3ac5975","claim":"Stephen G. Haggerty departed as Director at Broadmark Realty Capital Inc..","evidence_excerpt":"As of the Effective Time, as contemplated by the Merger Agreement (and not because of any disagreement with the Company), the Company’s directors ceased serving in such capacity. These directors are Jeffrey B. Pyatt, Stephen G. Haggerty, Daniel J. Hirsch, David A. Karp, Norma J. Lawrence, Kevin M. Luebbers and Pinkie D. Mayfield.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to serve"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"59c64bb95d","claim":"Kevin M. Luebbers departed as Director at Broadmark Realty Capital Inc..","evidence_excerpt":"As of the Effective Time, as contemplated by the Merger Agreement (and not because of any disagreement with the Company), the Company’s directors ceased serving in such capacity. These directors are Jeffrey B. Pyatt, Stephen G. Haggerty, Daniel J. Hirsch, David A. Karp, Norma J. Lawrence, Kevin M. Luebbers and Pinkie D. Mayfield.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to serve"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5cbdeda033","claim":"David A. Karp departed as Director at Broadmark Realty Capital Inc..","evidence_excerpt":"As of the Effective Time, as contemplated by the Merger Agreement (and not because of any disagreement with the Company), the Company’s directors ceased serving in such capacity. These directors are Jeffrey B. Pyatt, Stephen G. Haggerty, Daniel J. Hirsch, David A. Karp, Norma J. Lawrence, Kevin M. Luebbers and Pinkie D. Mayfield.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to serve"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"86e61ac47d","claim":"Daniel J. Hirsch departed as Director at Broadmark Realty Capital Inc..","evidence_excerpt":"As of the Effective Time, as contemplated by the Merger Agreement (and not because of any disagreement with the Company), the Company’s directors ceased serving in such capacity. These directors are Jeffrey B. Pyatt, Stephen G. Haggerty, Daniel J. Hirsch, David A. Karp, Norma J. Lawrence, Kevin M. Luebbers and Pinkie D. Mayfield.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to serve"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"8e6e052cb7","claim":"Nevin Boparai departed as Executive Officer at Broadmark Realty Capital Inc..","evidence_excerpt":"In addition, at the Effective Time, each of the executive officers of the Company, Jeffrey B. Pyatt, Jonathan Hermes, Kevin M. Luebbers and Nevin Boparai, ceased to be an executive officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"cd0d2dd423","claim":"Jeffrey B. Pyatt departed as Director at Broadmark Realty Capital Inc..","evidence_excerpt":"As of the Effective Time, as contemplated by the Merger Agreement (and not because of any disagreement with the Company), the Company’s directors ceased serving in such capacity. These directors are Jeffrey B. Pyatt, Stephen G. Haggerty, Daniel J. Hirsch, David A. Karp, Norma J. Lawrence, Kevin M. Luebbers and Pinkie D. Mayfield.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to serve"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"debe64d207","claim":"Norma J. Lawrence departed as Director at Broadmark Realty Capital Inc..","evidence_excerpt":"As of the Effective Time, as contemplated by the Merger Agreement (and not because of any disagreement with the Company), the Company’s directors ceased serving in such capacity. These directors are Jeffrey B. Pyatt, Stephen G. Haggerty, Daniel J. Hirsch, David A. Karp, Norma J. Lawrence, Kevin M. Luebbers and Pinkie D. Mayfield.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to serve"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"b3c35166b4603dbfe65e161b35c9d7f614a684a1","claim":"Broadmark Realty Capital Inc. underwent a change of control involving Ready Capital Corporation (closed 2023-05-31).","evidence_excerpt":"On May 31, 2023, pursuant to the Merger Agreement, the Company merged with and into Merger Sub, with Merger Sub continuing as the surviving company.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Ready Capital Corporation"},{"label":"Closing","value":"2023-05-31"}],"fact_type":"ma_transaction"},{"claim_id":"5a9c83a82b9f9afa623a61da843b001d9de266ab","claim":"Broadmark Realty Capital Inc. terminated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the Lenders party thereto (effective 2023-05-31).","evidence_excerpt":"On May 31, 2023, in connection with the consummation of the Merger, the Company terminated that certain Credit Agreement, dated as of February 19, 2021, by and among the Company, the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, as amended (the “Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784797/000110465923066662/0001104659-23-066662-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, and the Lenders party thereto"},{"label":"Effective","value":"2023-05-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}