Altisource cancels stock split, declares 70% stock dividend; names new CFO

Altisource Asset Management Corp

Board cancels 2-for-1 stock split, proceeds with 70% stock dividend to meet NYSE listing requirement of 1.1M publicly held shares.
Record date Sept 18, 2023; distribution after Oct 31 close; trading on dividend-adjusted basis begins Nov 1, 2023.
Richard Rodick promoted from VP Finance to CFO, succeeding Stephen Krallman who resigns effective Sept 14, 2023.
Krallman will remain as consultant for transition; Rodick brings over 30 years of financial leadership and Big Four background.

item 5.02 item 8.01 item 9.01

Executive movements

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Role change

Richard Rodick

Chief Financial Officer

Altisource Asset Management Corp

Filed: September 8, 2023, 7:59 PM ET

On September 8, 2023 , Altisource Asset Management Corporation announces the promotion of Richard Rodick, previously Vice President, Finance, to Chief Financial Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Rodick changed role as Chief Financial Officer at Altisource Asset Management Corp.

Action: promoted
Role: Chief Financial Officer

Exact text from the filing

On September 8, 2023 , Altisource Asset Management Corporation announces the promotion of Richard Rodick, previously Vice President, Finance, to Chief Financial Officer.

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Source: SEC EDGAR

accession 0001555074-23-000037

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