8-K
filed July 1, 2022, 7:59 PM ET
ticker NXDT
CIK 0001356115
other material
confidence high
sentiment neutral
materiality 0.85
NexPoint Diversified Real Estate Trust deregisters as investment company, adopts new REIT mandate
NEXPOINT DIVERSIFIED REAL ESTATE TRUST
- SEC deregistration effective July 1, 2022; company now operates as a diversified REIT focusing on commercial real estate across the capital structure.
- New advisory agreement with NexPoint Real Estate Advisors X, L.P.: 1.00% annual advisory fee + 0.20% administrative fee on Managed Assets; expense cap 1.5% for 12 months.
- Auditor change: dismissed Cohen & Company, engaged KPMG for fiscal year 2022; no disagreements reported.
- Board revamped: Brian Mitts appointed CFO; Matt McGraner EVP/CIO/Secretary; Scott Kavanaugh and Dr. Arthur Laffer join board; James Dondero becomes Chairman; prior directors resigned.
- Old advisory and administration agreements terminated; new advisory agreement includes termination fee equal to three times trailing 12-month fees.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Scott Kavanaugh was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- appointed
- Role
- Trustee
Exact text from the filing
Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
D.C. Sauter was appointed as General Counsel at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- appointed
- Role
- General Counsel
Exact text from the filing
The Board of Trustees appointed Brian Mitts as our Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, Matt McGraner as our Executive VP, Chief Investment Officer and Secretary and D.C. Sauter as our General Counsel.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matt McGraner was appointed as Executive VP, Chief Investment Officer and Secretary at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- appointed
- Role
- Executive VP, Chief Investment Officer and Secretary
Exact text from the filing
The Board of Trustees appointed Brian Mitts as our Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, Matt McGraner as our Executive VP, Chief Investment Officer and Secretary and D.C. Sauter as our General Counsel.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ethan Powell resigned as Chairman of the Board of Trustees at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- resigned
- Role
- Chairman of the Board of Trustees
Exact text from the filing
Mr. Powell also resigned in his capacity as Chairman of the Board of Trustees, effective as of the Deregistration Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bob Froehlich resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ethan Powell resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Will Mabry resigned as Assistant Treasurer at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- resigned
- Role
- Assistant Treasurer
Exact text from the filing
Frank Waterhouse resigned from his position as Treasurer, Principal Accounting Officer and Principal Financial Officer, Will Mabry resigned from his position as Assistant Treasurer, Rahim Ibrahim resigned from his position as Assistant Secretary, and Stephanie Vitiello resigned from her position as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer, effective as of the Deregistration Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brian Mitts was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- appointed
- Role
- Trustee
Exact text from the filing
Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Frank Waterhouse resigned as Treasurer, Principal Accounting Officer and Principal Financial Officer at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- resigned
- Role
- Treasurer, Principal Accounting Officer and Principal Financial Officer
Exact text from the filing
Frank Waterhouse resigned from his position as Treasurer, Principal Accounting Officer and Principal Financial Officer, Will Mabry resigned from his position as Assistant Treasurer, Rahim Ibrahim resigned from his position as Assistant Secretary, and Stephanie Vitiello resigned from her position as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer, effective as of the Deregistration Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James Dondero was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- appointed
- Role
- Trustee
Exact text from the filing
Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Honis resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rahim Ibrahim resigned as Assistant Secretary at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- resigned
- Role
- Assistant Secretary
Exact text from the filing
Frank Waterhouse resigned from his position as Treasurer, Principal Accounting Officer and Principal Financial Officer, Will Mabry resigned from his position as Assistant Treasurer, Rahim Ibrahim resigned from his position as Assistant Secretary, and Stephanie Vitiello resigned from her position as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer, effective as of the Deregistration Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bryan A. Ward resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brian Mitts was appointed as Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- appointed
- Role
- Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary
Exact text from the filing
The Board of Trustees appointed Brian Mitts as our Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, Matt McGraner as our Executive VP, Chief Investment Officer and Secretary and D.C. Sauter as our General Counsel.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephanie Vitiello resigned as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- resigned
- Role
- Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer
Exact text from the filing
Frank Waterhouse resigned from his position as Treasurer, Principal Accounting Officer and Principal Financial Officer, Will Mabry resigned from his position as Assistant Treasurer, Rahim Ibrahim resigned from his position as Assistant Secretary, and Stephanie Vitiello resigned from her position as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer, effective as of the Deregistration Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James Dondero was appointed as Chairman of the Board of Trustees at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- appointed
- Role
- Chairman of the Board of Trustees
Exact text from the filing
Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Arthur Laffer was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.
- Action
- appointed
- Role
- Trustee
Exact text from the filing
Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees
View on SEC.gov
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