{"schema_version":"secwatch.filing_event.v1","accession":"0001498547-24-000021","form_type":"8-K","ticker":"CMRF","cik":"0001498547","company_name":"CIM REAL ESTATE FINANCE TRUST, INC.","filed_at":"2024-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.345728+00:00","generated_at":"2026-06-05T05:29:01.207751+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CIM Real Estate Finance Trust announces director resignations and updated NAV of $6.09 per share","bullets":["Five directors resigned to serve on board of subsidiary CLR, which holds ~$1.6B in assets and 24% of Company equity.","Estimated NAV per share declined from $6.31 (Sep 2023) to $6.09 (Jan 2024), driven by higher interest rates and office tenant demand.","Kroll, independent appraiser, provided a valuation range of $5.99-$6.18 per share; Board adopted the $6.09 midpoint.","Board reduced to five members after resignations; three independent directors remain."],"urls":{"canonical":"https://secwatch.observer/filing/0001498547-24-000021","json":"https://secwatch.observer/filing/0001498547-24-000021.json","markdown":"https://secwatch.observer/filing/0001498547-24-000021.md","text":"https://secwatch.observer/filing/0001498547-24-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/0001498547-24-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/cmft-20240229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T05:29:01.207751+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"234e18c916","claim":"Emily Vande Krol resigned as Director at CIM REAL ESTATE FINANCE TRUST, INC..","evidence_excerpt":"On February 29, 2024, Alicia K. Harrison, Calvin E. Hollis, Avraham Shemesh, Roger D. Snell and Emily Vande Krol (each a “Resigning Director” and collectively, the “Resigning Directors”), of whom Messrs. Hollis and Snell, and Ms. Harrison are independent directors, resigned from the board of directors (the “Board”) of CIM Real Estate Finance Trust, Inc., a Maryland corporation (the “Company”), effective as of the close of the meeting of the Board on February 29, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/0001498547-24-000021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7b6fc90264","claim":"Alicia K. Harrison resigned as Director at CIM REAL ESTATE FINANCE TRUST, INC..","evidence_excerpt":"On February 29, 2024, Alicia K. Harrison, Calvin E. Hollis, Avraham Shemesh, Roger D. Snell and Emily Vande Krol (each a “Resigning Director” and collectively, the “Resigning Directors”), of whom Messrs. Hollis and Snell, and Ms. Harrison are independent directors, resigned from the board of directors (the “Board”) of CIM Real Estate Finance Trust, Inc., a Maryland corporation (the “Company”), effective as of the close of the meeting of the Board on February 29, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/0001498547-24-000021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"820bec7ebf","claim":"Roger D. Snell resigned as Director at CIM REAL ESTATE FINANCE TRUST, INC..","evidence_excerpt":"On February 29, 2024, Alicia K. Harrison, Calvin E. Hollis, Avraham Shemesh, Roger D. Snell and Emily Vande Krol (each a “Resigning Director” and collectively, the “Resigning Directors”), of whom Messrs. Hollis and Snell, and Ms. Harrison are independent directors, resigned from the board of directors (the “Board”) of CIM Real Estate Finance Trust, Inc., a Maryland corporation (the “Company”), effective as of the close of the meeting of the Board on February 29, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/0001498547-24-000021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d9a03fd008","claim":"Avraham Shemesh resigned as Director at CIM REAL ESTATE FINANCE TRUST, INC..","evidence_excerpt":"On February 29, 2024, Alicia K. Harrison, Calvin E. Hollis, Avraham Shemesh, Roger D. Snell and Emily Vande Krol (each a “Resigning Director” and collectively, the “Resigning Directors”), of whom Messrs. Hollis and Snell, and Ms. Harrison are independent directors, resigned from the board of directors (the “Board”) of CIM Real Estate Finance Trust, Inc., a Maryland corporation (the “Company”), effective as of the close of the meeting of the Board on February 29, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/0001498547-24-000021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"faf027033c","claim":"Calvin E. Hollis resigned as Director at CIM REAL ESTATE FINANCE TRUST, INC..","evidence_excerpt":"On February 29, 2024, Alicia K. Harrison, Calvin E. Hollis, Avraham Shemesh, Roger D. Snell and Emily Vande Krol (each a “Resigning Director” and collectively, the “Resigning Directors”), of whom Messrs. Hollis and Snell, and Ms. Harrison are independent directors, resigned from the board of directors (the “Board”) of CIM Real Estate Finance Trust, Inc., a Maryland corporation (the “Company”), effective as of the close of the meeting of the Board on February 29, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/0001498547-24-000021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}