---
schema_version: "secwatch.filing_event.v1"
accession: "0001555074-23-000034"
form_type: "8-K"
ticker: null
cik: "0001555074"
company_name: "Altisource Asset Management Corp"
filed_at: "2023-08-30T23:59:59+00:00"
generated_at: "2026-06-11T01:58:03.375673+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Altisource Asset Management CEO Jason Kopcak resigns; interim CEO named; restructuring underway

## Summary
- Jason Kopcak resigns as CEO; Danya Sawyer appointed Interim CEO effective immediately.
- Board completed comprehensive review of mortgage platform; cost-cutting initiatives detailed.
- Employee right-sizing, Tampa facility shuttered, third-party professional services reduced.
- Cash and cash equivalents $16.5M; credit lines reduced to $20.2M; loan portfolio $37.1M UPB.
- Company maintains commitment to mortgage space; restructuring aims for sustainable operations.

## SEC filing metadata
- accession: 0001555074-23-000034
- form_type: 8-K
- cik: 0001555074
- company_name: Altisource Asset Management Corp
- filed_at: 2023-08-30T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000034/0001555074-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000034/aamc-20230830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001555074-23-000034
- JSON: https://secwatch.observer/filing/0001555074-23-000034.json
- Plain text: https://secwatch.observer/filing/0001555074-23-000034.txt

## Key facts
- Executive change
  Jason Kopack resigned as Chief Executive Officer at Altisource Asset Management Corp.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On August 30, 2023 , Altisource Asset Management Corporation announced the resignation of Chief Executive Officer, Jason Kopack
  evidence_url: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000034/0001555074-23-000034-index.htm

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