Woodbridge Liquidation Trust reduces wind-down entity board to one manager; Nevins resigns

Woodbridge Liquidation Trust

Board reduced from 2 to 1 manager effective April 29, 2023, upon resignation of Richard Nevins.
M. Freddie Reiss becomes the sole manager of Woodbridge Wind-Down Entity LLC.
Manager compensation set at $10,000 per month for April 2023 only; no compensation after April 2023.
Richard Nevins resigned from the boards of the wind-down entity and its subsidiaries, effective April 29, 2023.
Third Amendment to LLC Agreement entered on April 28, 2023, governs these changes.

item 1.01 item 5.02 item 9.01

Executive movements

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Departed

Richard Nevins

member of the Board of Managers

WBQNL · Woodbridge Liquidation Trust

Effective: 2023-04-29
Filed: May 1, 2023, 7:59 PM ET

On April 28, 2023, Richard Nevins tendered his resignation as a member of the Board of Managers and will be resigning as a member of the Board of Managers of the Wind-Down Entity and each of its direct and indirect subsidiaries effective April 29, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Nevins resigned as member of the Board of Managers at Woodbridge Liquidation Trust.

Action: resigned
Role: member of the Board of Managers

Exact text from the filing

On April 28, 2023, Richard Nevins tendered his resignation as a member of the Board of Managers and will be resigning as a member of the Board of Managers of the Wind-Down Entity and each of its direct and indirect subsidiaries effective April 29, 2023.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Woodbridge Liquidation Trust amended Third Amendment to Limited Liability Company Agreement of the Wind-Down Entity (effective 2023-04-28).

Action: amendment
Effective: 2023-04-28

Exact text from the filing

On April 28, 2023, the registrant, as sole member of its subsidiary Woodbridge Wind-Down Entity LLC (the “ Wind-Down Entity ”), entered into a Third Amendment to Limited Liability Company Agreement of the Wind-Down Entity (the “ LLC Agreement Amendment ”).

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Woodbridge Liquidation Trust filing history →

Source: SEC EDGAR

accession 0001140361-23-021957

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