AFC Gamma names Brett Kaufman as CFO, replacing Thomas Geoffroy who transitions to external manager

Advanced Flower Capital Inc.

Thomas Geoffroy resigned as CFO effective Aug 6, 2021; not due to disagreement with the company.
Brett Kaufman appointed CFO and Treasurer effective Aug 6, 2021; previously CFO of Ladenburg Thalmann.
Kaufman receives annual base salary of $500,000 and target bonus of at least 45% of base.
Kaufman granted restricted stock valued at $1,000,000 vesting over three years.
Geoffroy will become CFO of AFC Gamma's external manager, AFC Management, LLC.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Brett Kaufman

Chief Financial Officer and Treasurer

AFCG · Advanced Flower Capital Inc.

Effective: 2021-08-02
Filed: August 5, 2021, 7:59 PM ET

Effective August 2, 2021 (the “Effective Date”), the Compensation Committee of the Company’s Board of Directors (the “Board”) approved the terms of a new employment agreement (the “Employment Agreement”) by and between AFC Management, LLC and Mr. Kaufman, whereby he will be appointed as the Company’s Chief Financial Officer and Treasurer and the Chief Financial Officer of a to-be-established Business Development Company (“AFC BDC”).

Departed

Thomas Geoffroy

Chief Financial Officer and Treasurer

AFCG · Advanced Flower Capital Inc.

Effective: 2021-08-06
Successor: Brett Kaufman
Filed: August 5, 2021, 7:59 PM ET

On August 2, 2021, Thomas Geoffroy resigned from his position as Chief Financial Officer and Treasurer of AFC Gamma, Inc. (the “Company”) , effective August 6, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Brett Kaufman was appointed as Chief Financial Officer and Treasurer at Advanced Flower Capital Inc..

Action: appointed
Role: Chief Financial Officer and Treasurer

Exact text from the filing

Effective August 2, 2021 (the “Effective Date”), the Compensation Committee of the Company’s Board of Directors (the “Board”) approved the terms of a new employment agreement (the “Employment Agreement”) by and between AFC Management, LLC and Mr. Kaufman, whereby he will be appointed as the Company’s Chief Financial Officer and Treasurer and the Chief Financial Officer of a to-be-established Business Development Company (“AFC BDC”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Thomas Geoffroy resigned as Chief Financial Officer and Treasurer at Advanced Flower Capital Inc..

Action: resigned
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On August 2, 2021, Thomas Geoffroy resigned from his position as Chief Financial Officer and Treasurer of AFC Gamma, Inc. (the “Company”) , effective August 6, 2021.

View on SEC.gov

Advanced Flower Capital Inc. filing history →

Source: SEC EDGAR

accession 0001140361-21-027033

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