---
schema_version: "secwatch.filing_event.v1"
accession: "0001555074-23-000037"
form_type: "8-K"
ticker: null
cik: "0001555074"
company_name: "Altisource Asset Management Corp"
filed_at: "2023-09-08T23:59:59+00:00"
generated_at: "2026-06-10T22:08:28.700862+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001555074-23-000037
- form_type: 8-K
- cik: 0001555074
- company_name: Altisource Asset Management Corp
- filed_at: 2023-09-08T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000037/0001555074-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000037/aamc-20230908.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001555074-23-000037
- JSON: https://secwatch.observer/filing/0001555074-23-000037.json
- Plain text: https://secwatch.observer/filing/0001555074-23-000037.txt

## Key facts
- Executive change
  Richard Rodick changed role as Chief Financial Officer at Altisource Asset Management Corp.
  - Action: promoted
  - Role: Chief Financial Officer
  source text: On September 8, 2023 , Altisource Asset Management Corporation announces the promotion of Richard Rodick, previously Vice President, Finance, to Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000037/0001555074-23-000037-index.htm

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