James W. Korth steps down as CEO; Holly C. MacDonald-Korth named CEO effective May 16, 2023

Korth Direct Mortgage Inc.

James W. Korth resigned as CEO on May 16, 2023, but remains Chairman, Managing Partner of subsidiary, and assumes title of Founder.
Holly C. MacDonald-Korth appointed CEO; she continues as President, CFO, and director.
MacDonald-Korth, 47, served as CFO since 2016 and President since 2019; she is the daughter of James W. Korth.
No compensatory arrangements or other terms disclosed in the filing.

item 5.02

Executive movements

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Departed

James W. Korth

Chief Executive Officer

Korth Direct Mortgage Inc.

Effective: 2023-05-16
Successor: Holly C. MacDonald-Korth
Filed: May 18, 2023, 7:59 PM ET

On May 16, 2023, James W. Korth resigned as Chief Executive Officer of Korth Direct Mortgage Inc. (the “Company”).

Appointed

Holly C. MacDonald-Korth

Chief Executive Officer

Korth Direct Mortgage Inc.

Effective: 2023-05-16
Filed: May 18, 2023, 7:59 PM ET

On May 16, 2023, Holly C. MacDonald-Korth was elected Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James W. Korth resigned as Chief Executive Officer at Korth Direct Mortgage Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On May 16, 2023, James W. Korth resigned as Chief Executive Officer of Korth Direct Mortgage Inc. (the “Company”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Holly C. MacDonald-Korth was appointed as Chief Executive Officer at Korth Direct Mortgage Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On May 16, 2023, Holly C. MacDonald-Korth was elected Chief Executive Officer of the Company.

View on SEC.gov

Source: SEC EDGAR

accession 0001214659-23-007455

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