{"schema_version":"secwatch.filing_event.v1","accession":"0001273685-21-000104","form_type":"8-K","ticker":"ADAM","cik":"0001273685","company_name":"ADAMAS TRUST, INC.","filed_at":"2021-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.876611+00:00","generated_at":"2026-06-27T22:30:55.856667+00:00","sec_items":["5.02","5.03","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NYMT appoints Jason Serrano CEO, Steven Mumma Executive Chairman effective Jan 1, 2022","bullets":["Mumma becomes Executive Chairman, $600K base salary, 12-month term ending Dec 31, 2022.","Serrano becomes CEO and President, $825K base salary, 2-year term with auto-renewal.","Company reclassified 6M shares of 7.75% Series B preferred stock as undesignated preferred.","Serrano eligible for annual bonus and long-term equity awards; Mumma generally not eligible for new equity in 2022.","Employment agreements include one-year non-compete, severance provisions for without-cause/ good-reason termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001273685-21-000104","json":"https://secwatch.observer/filing/0001273685-21-000104.json","markdown":"https://secwatch.observer/filing/0001273685-21-000104.md","text":"https://secwatch.observer/filing/0001273685-21-000104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1273685/000127368521000104/0001273685-21-000104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1273685/000127368521000104/nymt-20211222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T22:30:55.856667+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"07f050e163","claim":"Jason T. Serrano was appointed as Chief Executive Officer and President at ADAMAS TRUST, INC..","evidence_excerpt":"The Employment Agreements adjust the positions, compensation, and other terms of employment for Messrs. Mumma and Serrano to reflect the appointments of Mr. Mumma as Executive Chairman of the Company and Mr. Serrano as Chief Executive Officer and President of the Company, each effective as of January 1, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1273685/000127368521000104/0001273685-21-000104-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer and President"}],"fact_type":"executive_change"},{"claim_id":"578085bac3","claim":"Steven R. Mumma was appointed as Executive Chairman at ADAMAS TRUST, INC..","evidence_excerpt":"The Employment Agreements adjust the positions, compensation, and other terms of employment for Messrs. Mumma and Serrano to reflect the appointments of Mr. Mumma as Executive Chairman of the Company and Mr. Serrano as Chief Executive Officer and President of the Company, each effective as of January 1, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1273685/000127368521000104/0001273685-21-000104-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Chairman"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}