---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-013409"
form_type: "8-K"
ticker: "IOR"
cik: "0000949961"
company_name: "INCOME OPPORTUNITY REALTY INVESTORS INC /TX/"
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:28:42.368614+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Director Raymond D. Roberts, Sr. resigns; Fernando Victor Lara Celis appointed to IOR board

## Summary
- Raymond D. Roberts, Sr., age 91, resigned as director and from all board committees on October 10, 2023.
- Resignation due to health issues; no disagreements with the company's operations or policies.
- Fernando Victor Lara Celis, age 57, appointed director effective October 11, 2023 to fill the vacancy.
- Celis is General Manager and President of a Schlotzsky's Deli franchisee with seven locations in North Dallas, Texas.
- Board continues to have majority independent directors; audit, compensation, and governance committees remain intact.

## SEC filing metadata
- accession: 0001214659-23-013409
- form_type: 8-K
- ticker: IOR
- cik: 0000949961
- company_name: INCOME OPPORTUNITY REALTY INVESTORS INC /TX/
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949961/000121465923013409/0001214659-23-013409-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949961/000121465923013409/o10132318k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-013409
- JSON: https://secwatch.observer/filing/0001214659-23-013409.json
- Plain text: https://secwatch.observer/filing/0001214659-23-013409.txt

## Key facts
- Executive change
  Raymond D. Roberts, Sr. resigned as Director at INCOME OPPORTUNITY REALTY INVESTORS INC /TX/.
  - Action: resigned
  - Role: Director
  source text: On October 10, 2023, Raymond D. Roberts, Sr. resigned as a director and from all Board Committees of Income Opportunity Realty Investors, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/949961/000121465923013409/0001214659-23-013409-index.htm
- Executive change
  Fernando Victor Lara Celis was appointed as Director at INCOME OPPORTUNITY REALTY INVESTORS INC /TX/.
  - Action: appointed
  - Role: Director
  source text: On October 10, 2023, the Board of Directors of IOR selected Fernando Victor Lara Celis, age 57, as a director effective October 11, 2023, to fill a vacancy on the Board of Directors created by the resignation of Raymond D. Roberts, Sr.
  evidence_url: https://www.sec.gov/Archives/edgar/data/949961/000121465923013409/0001214659-23-013409-index.htm

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