---
schema_version: "secwatch.filing_event.v1"
accession: "0001273685-22-000111"
form_type: "8-K"
ticker: "ADAM"
cik: "0001273685"
company_name: "ADAMAS TRUST, INC."
filed_at: "2022-12-14T23:59:59+00:00"
generated_at: "2026-06-21T04:36:54.900365+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001273685-22-000111
- form_type: 8-K
- ticker: ADAM
- cik: 0001273685
- company_name: ADAMAS TRUST, INC.
- filed_at: 2022-12-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1273685/000127368522000111/0001273685-22-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1273685/000127368522000111/nymt-20221212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001273685-22-000111
- JSON: https://secwatch.observer/filing/0001273685-22-000111.json
- Plain text: https://secwatch.observer/filing/0001273685-22-000111.txt

## Key facts
- Executive change
  Nicholas Mah was appointed as President at ADAMAS TRUST, INC..
  - Action: appointed
  - Role: President
  source text: appointed Nicholas Mah, who presently serves as a Managing Director of the Company, as President of the Company, effective on January 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1273685/000127368522000111/0001273685-22-000111-index.htm
- Executive change
  Jason T. Serrano changed role as President at ADAMAS TRUST, INC..
  - Action: relinquished
  - Role: President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1273685/000127368522000111/0001273685-22-000111-index.htm

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