secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN REALTY INVESTORS INC (ARL)
CIK:        0001102238
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001214659-23-013411
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Director Raymond Roberts Sr. resigns; Fernando Celis appointed to ARL board
---------------------------------------------------------------------------

- Raymond D. Roberts, Sr. resigned as director and from all board committees on October 10, 2023, citing health issues.
- Roberts, age 91, had served as a director since June 2016; no disagreement with the company.
- Board appointed Fernando Victor Lara Celis, age 57, effective October 11, 2023, to fill the vacancy.
- Celis is General Manager and President of FYA Project LLC (Schlotzsky's franchisee) and manages real estate projects in Mexico.
- Celis also elected as director of Transcontinental Realty Investors (TCI) and Income Opportunity Realty Investors (IOR) on the same day.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1102238/000121465923013411/0001214659-23-013411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1102238/000121465923013411/z10132308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-013411

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer