secwatch.observer — SEC 8-K summary
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Issuer:     ADAMAS TRUST, INC. (ADAM)
CIK:        0001273685
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001273685-23-000053
Event type: leadership
Sentiment:  negative
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

COO and Secretary Nathan R. Reese resigns effective immediately; will stay as consultant through July 31, 2023
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- Nathan R. Reese resigns as COO and Secretary effective immediately, not due to any disagreement.
- Reese will remain as consultant through July 31, 2023, to assist transition of duties.
- Separation agreement includes continued base salary and benefits through July 31 and a $700,000 cash payment.
- COBRA insurance premiums for Reese and dependents paid through December 31, 2023.
- No successor named; Reese's departure is not due to conflict or disagreement with company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273685/000127368523000053/0001273685-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273685/000127368523000053/nymt-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001273685-23-000053

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