secwatch.observer — SEC 8-K summary
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Issuer:     Ladder Capital Corp (LADR)
CIK:        0001577670
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001104659-23-072245
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ladder Capital enters amended employment agreements with CFO and General Counsel
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- CFO Paul Miceli's base salary set at $350,000; General Counsel Kelly Porcella at $225,000.
- Cash severance capped at $1M: lesser of $1M or base salary plus average of last 2 years' bonuses.
- Retirement vesting: unvested time-based equity vests 5 years post-retirement if age≥62 and 10 years service, subject to non-compete.
- Agreements supersede prior pacts; no fixed term; annual bonus and equity grants per previously agreed framework.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577670/000110465923072245/0001104659-23-072245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577670/000110465923072245/tm2318851d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-072245

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