New York Mortgage Trust appoints Nicholas Mah as President effective Jan 1, 2023; Serrano remains CEO

ADAMAS TRUST, INC.

Nicholas Mah, formerly Managing Director, appointed President effective Jan 1, 2023; Jason Serrano remains CEO.
Employment agreement with two-year term (through Dec 31, 2024), automatic renewal, base salary $625,000.
Mah eligible for annual short-term incentive bonuses and long-term equity awards under 2017 Equity Incentive Plan.
Severance: for termination without cause or for good reason, 1.5x (base salary + avg bonus), COBRA 18 months, equity acceleration.
Mah subject to one-year non-compete and non-solicitation covenants.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Nicholas Mah

President

ADAM · ADAMAS TRUST, INC.

Effective: 2023-01-01
Filed: December 14, 2022, 6:59 PM ET

appointed Nicholas Mah, who presently serves as a Managing Director of the Company, as President of the Company, effective on January 1, 2023

Role change

Jason T. Serrano

President

ADAM · ADAMAS TRUST, INC.

Effective: 2023-01-01
Successor: Nicholas Mah
Filed: December 14, 2022, 6:59 PM ET

Jason T. Serrano, the Company’s current Chief Executive Officer and President, will relinquish his role as President but will continue in his role of 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

Nicholas Mah was appointed as President at ADAMAS TRUST, INC..

Action: appointed
Role: President

Exact text from the filing

appointed Nicholas Mah, who presently serves as a Managing Director of the Company, as President of the Company, effective on January 1, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason T. Serrano changed role as President at ADAMAS TRUST, INC..

Action: relinquished
Role: President

Exact text from the filing

Jason T. Serrano, the Company’s current Chief Executive Officer and President, will relinquish his role as President but will continue in his role of Chief Executive Officer of the Company.

View on SEC.gov

ADAMAS TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001273685-22-000111

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