---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-013410"
form_type: "8-K"
ticker: "TCI"
cik: "0000733590"
company_name: "TRANSCONTINENTAL REALTY INVESTORS INC"
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:20:05.460582+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Transcontinental Realty director Raymond Roberts resigns; Fernando Victor Lara Celis appointed

## Summary
- Raymond D. Roberts, Sr., age 91, resigned as director and from all board committees on Oct 10, 2023; cited health issues, no disagreement with company.
- Board appointed Fernando Victor Lara Celis as director effective Oct 11, 2023; he is General Manager/President of FYA Project LLC (Schlotzsky's franchisee).
- Celis also elected as director of American Realty Investors (ARL) and Transcontinental Realty Investors (IOR) on same date.
- After resignation, Board retains majority independent directors and fully constituted committees.

## SEC filing metadata
- accession: 0001214659-23-013410
- form_type: 8-K
- ticker: TCI
- cik: 0000733590
- company_name: TRANSCONTINENTAL REALTY INVESTORS INC
- 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/733590/000121465923013410/0001214659-23-013410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/733590/000121465923013410/b10132328k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-013410
- JSON: https://secwatch.observer/filing/0001214659-23-013410.json
- Plain text: https://secwatch.observer/filing/0001214659-23-013410.txt

## Key facts
- Executive change
  Raymond D. Roberts, Sr. resigned as Director at TRANSCONTINENTAL REALTY INVESTORS INC.
  - Action: resigned
  - Role: Director
  source text: On October 10, 2023, Raymond D. Roberts, Sr. resigned as a director and from all Board Committees of Transcontinental Realty Investors, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/733590/000121465923013410/0001214659-23-013410-index.htm
- Executive change
  Fernando Victor Lara Celis was appointed as Director at TRANSCONTINENTAL REALTY INVESTORS INC.
  - Action: selected
  - Role: Director
  source text: On October 10, 2023, the Board of Directors of TCI 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/733590/000121465923013410/0001214659-23-013410-index.htm

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