---
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"
generated_at: "2026-06-05T05:29:01.207751+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CIM Real Estate Finance Trust announces director resignations and updated NAV of $6.09 per share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001498547-24-000021
- JSON: https://secwatch.observer/filing/0001498547-24-000021.json
- Plain text: https://secwatch.observer/filing/0001498547-24-000021.txt

## Key facts
- Executive change
  Emily Vande Krol resigned as Director at CIM REAL ESTATE FINANCE TRUST, INC..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/0001498547-24-000021-index.htm
- Executive change
  Alicia K. Harrison resigned as Director at CIM REAL ESTATE FINANCE TRUST, INC..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/0001498547-24-000021-index.htm
- Executive change
  Roger D. Snell resigned as Director at CIM REAL ESTATE FINANCE TRUST, INC..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/0001498547-24-000021-index.htm
- Executive change
  Avraham Shemesh resigned as Director at CIM REAL ESTATE FINANCE TRUST, INC..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/0001498547-24-000021-index.htm
- Executive change
  Calvin E. Hollis resigned as Director at CIM REAL ESTATE FINANCE TRUST, INC..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1498547/000149854724000021/0001498547-24-000021-index.htm

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