---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-027033"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2021-08-05T23:59:59+00:00"
generated_at: "2026-06-29T21:56:38.547648+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-21-027033
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2021-08-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822523/000114036121027033/0001140361-21-027033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000114036121027033/brhc10027587_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-027033
- JSON: https://secwatch.observer/filing/0001140361-21-027033.json
- Plain text: https://secwatch.observer/filing/0001140361-21-027033.txt

## Key facts
- Executive change
  Brett Kaufman was appointed as Chief Financial Officer and Treasurer at Advanced Flower Capital Inc..
  - Action: appointed
  - Role: Chief Financial Officer and Treasurer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000114036121027033/0001140361-21-027033-index.htm
- Executive change
  Thomas Geoffroy resigned as Chief Financial Officer and Treasurer at Advanced Flower Capital Inc..
  - Action: resigned
  - Role: Chief Financial Officer and Treasurer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000114036121027033/0001140361-21-027033-index.htm

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