---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-043997"
form_type: "8-K"
ticker: "WBQNL"
cik: "0001785494"
company_name: "Woodbridge Liquidation Trust"
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T11:04:18.126018+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Woodbridge Liquidation Trust cuts management costs; CEO resigns, part-time successors named

## Summary
- CEO Frederick Chin resigns effective Dec 31, 2022; board reduced from 3 to 2 members.
- CFO Marion W. Fong appointed CEO/CFO part-time at $35k/month starting Jan 1, 2023.
- COO/CIO David Mark Kemper II becomes part-time COO at $25k/month; CIO position eliminated.
- Part-time agreements consolidate functions and reduce costs due to shrunken real estate portfolio.
- Fong and Kemper receive retention/wind-down bonuses and accrued vacation payouts on Jan 2, 2023.

## SEC filing metadata
- accession: 0001140361-22-043997
- form_type: 8-K
- ticker: WBQNL
- cik: 0001785494
- company_name: Woodbridge Liquidation Trust
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785494/000114036122043997/0001140361-22-043997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785494/000114036122043997/brhc10044810_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-043997
- JSON: https://secwatch.observer/filing/0001140361-22-043997.json
- Plain text: https://secwatch.observer/filing/0001140361-22-043997.txt

## Key facts
- Executive change
  Frederick Chin resigned as Chief Executive Officer at Woodbridge Liquidation Trust.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On November 30, 2022, Frederick Chin gave notice of resignation as Chief Executive Officer of the Wind-Down Entity and notice of termination of his employment under his Part-Time Employment Agreement with the Wind-Down Entity (the “Chin Agreement”), with such resignation and termination of employment to be effective as of December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785494/000114036122043997/0001140361-22-043997-index.htm
- Executive change
  Marion W. Fong was appointed as Chief Executive Officer at Woodbridge Liquidation Trust.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On November 30, 2022 the WDE Board appointed Marion W. Fong as the Wind-Down Entity’s Chief Executive Officer, effective January 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785494/000114036122043997/0001140361-22-043997-index.htm
- Executive change
  David Mark Kemper II was removed as Chief Investment Officer at Woodbridge Liquidation Trust.
  - Action: removed
  - Role: Chief Investment Officer
  source text: On November 30, 2022, the WDE Board removed Mr. Kemper as the Wind-Down Entity’s Chief Investment Officer, effective as of December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785494/000114036122043997/0001140361-22-043997-index.htm
- Material Agreements
  Woodbridge Liquidation Trust amended First Amendment to Limited Liability Company Agreement of the Wind-Down Entity with Woodbridge Wind-Down Entity LLC (effective 2022-11-30).
  - Action: amendment
  - Counterparty: Woodbridge Wind-Down Entity LLC
  - Effective: 2022-11-30
  source text: On November 30, 2022, the registrant, as sole member of its subsidiary Woodbridge Wind-Down Entity LLC (the “Wind-Down Entity”), entered into a First Amendment to Limited Liability Company Agreement of the Wind-Down Entity (the “LLC Agreement Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785494/000114036122043997/0001140361-22-043997-index.htm

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