secwatch.observer — SEC 8-K summary
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Issuer:     ADAMAS TRUST, INC. (ADAM)
CIK:        0001273685
Form:       8-K
Filed at:   2022-12-14T23:59:59+00:00
Accession:  0001273685-22-000111
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273685/000127368522000111/0001273685-22-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273685/000127368522000111/nymt-20221212.htm
  HTML page:      https://secwatch.observer/filing/0001273685-22-000111

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