CFO Brian Mitts resigns effective Dec 31; Paul Richards appointed as new CFO

NEXPOINT DIVERSIFIED REAL ESTATE TRUST

Brian Mitts resigns as CFO, EVP-Finance, Treasurer, and Assistant Secretary effective Dec 31, 2024; remains on Board of Trustees.
Paul Richards, 36, appointed CFO, EVP-Finance, Treasurer, and Assistant Secretary effective Jan 1, 2025.
David Willmore appointed Chief Accounting Officer, Assistant Treasurer, and Assistant Secretary effective Jan 1, 2025.
Separation agreement includes two $200k payments to Mitts (Feb and Aug 2025) and 12-month COBRA subsidy.
Outstanding equity awards amended to treat continued director service as continuous employment for vesting.

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

Paul Richards

Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary

NXDT · NEXPOINT DIVERSIFIED REAL ESTATE TRUST

Effective: 2025-01-01
Filed: November 14, 2024, 6:59 PM ET

the Board appointed Paul Richards as the Company’s Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, effective as of 12:00 a.m. Central Time on January 1, 2025.

Departed

Brian Mitts

Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary

NXDT · NEXPOINT DIVERSIFIED REAL ESTATE TRUST

Effective: 2024-12-31
Successor: Paul Richards
Filed: November 14, 2024, 6:59 PM ET

On November 11, 2024, Brian Mitts resigned effective as of 11:59 p.m. Central Time on December 31, 2024 from his positions as Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary of NexPoint Diversified Real Estate Trust

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Richards 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 appointed Paul Richards as the Company’s Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, effective as of 12:00 a.m. Central Time on January 1, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Mitts resigned as Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.

Action: resigned
Role: Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary

Exact text from the filing

On November 11, 2024, Brian Mitts resigned effective as of 11:59 p.m. Central Time on December 31, 2024 from his positions as Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary of NexPoint Diversified Real Estate Trust

View on SEC.gov

NEXPOINT DIVERSIFIED REAL ESTATE TRUST filing history →

Source: SEC EDGAR

accession 0001437749-24-035332

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