---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-035332"
form_type: "8-K"
ticker: "NXDT"
cik: "0001356115"
company_name: "NEXPOINT DIVERSIFIED REAL ESTATE TRUST"
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:20:55.063044+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-035332
- form_type: 8-K
- ticker: NXDT
- cik: 0001356115
- company_name: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1356115/000143774924035332/0001437749-24-035332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1356115/000143774924035332/nexsof20241113_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-035332
- JSON: https://secwatch.observer/filing/0001437749-24-035332.json
- Plain text: https://secwatch.observer/filing/0001437749-24-035332.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774924035332/0001437749-24-035332-index.htm
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774924035332/0001437749-24-035332-index.htm

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