secwatch.observer — SEC 8-K summary
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Issuer:     Altisource Asset Management Corp (—)
CIK:        0001555074
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0001555074-23-000037
Event type: other
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1555074/000155507423000037/0001555074-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1555074/000155507423000037/aamc-20230908.htm
  HTML page:      https://secwatch.observer/filing/0001555074-23-000037

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