---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-021957"
form_type: "8-K"
ticker: "WBQNL"
cik: "0001785494"
company_name: "Woodbridge Liquidation Trust"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:13:06.960210+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-021957
- form_type: 8-K
- ticker: WBQNL
- cik: 0001785494
- company_name: Woodbridge Liquidation Trust
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785494/000114036123021957/0001140361-23-021957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785494/000114036123021957/brhc20051807_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-021957
- JSON: https://secwatch.observer/filing/0001140361-23-021957.json
- Plain text: https://secwatch.observer/filing/0001140361-23-021957.txt

## Key facts
- Executive change
  Richard Nevins resigned as member of the Board of Managers at Woodbridge Liquidation Trust.
  - Action: resigned
  - Role: member of the Board of Managers
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785494/000114036123021957/0001140361-23-021957-index.htm
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785494/000114036123021957/0001140361-23-021957-index.htm

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