---
schema_version: "secwatch.filing_event.v1"
accession: "0001555074-23-000053"
form_type: "8-K"
ticker: null
cik: "0001555074"
company_name: "Altisource Asset Management Corp"
filed_at: "2023-12-26T23:59:59+00:00"
generated_at: "2026-06-07T07:19:16.614624+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Altisource appoints William C. Erbey as CEO and Chairman; base salary $50,000/year

## Summary
- William C. Erbey appointed CEO and Chairman effective December 21, 2023; annual base salary of $50,000 with no other compensation granted.
- Erbey previously served as AAMC Chairman (2012-2015) and was founder/CEO of Ocwen Financial Corporation.
- Annual meeting results: all four director nominees (Byrd, Engerman, Frischer, Erbey) elected; Ernst & Young ratified as auditor.
- Advisory vote on executive compensation approved: 1,586,148 for, 69,822 against, 29,892 abstentions.

## SEC filing metadata
- accession: 0001555074-23-000053
- form_type: 8-K
- cik: 0001555074
- company_name: Altisource Asset Management Corp
- filed_at: 2023-12-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000053/0001555074-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000053/aamc-20231226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001555074-23-000053
- JSON: https://secwatch.observer/filing/0001555074-23-000053.json
- Plain text: https://secwatch.observer/filing/0001555074-23-000053.txt

## Key facts
- Executive change
  William C. Erbey was appointed as Chief Executive Officer and Chairman at Altisource Asset Management Corp.
  - Action: appointed
  - Role: Chief Executive Officer and Chairman
  source text: On December 21, 2023, Altisource Asset Management Corporation (the "Company") announced that William C. Erbey as the new Chief Executive Officer of the Company. In addition, the Board of Directors of the Company has appointed Mr. Erbey as its Chairman effective as of December 21, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000053/0001555074-23-000053-index.htm
- Shareholder Votes
  Altisource Asset Management Corp shareholders approved Election of Directors at the 2023-12-21 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-12-21
  source text: The following Directors were elected to serve until the Company's 2024 Annual Meeting of Stockholders and until their successors are duly elected and qualified by the following vote: Name For Against Abstentions Broker Non-Votes Ricardo C. Byrd 1,537,314 115,981 32,567 724,368 John A. Engerman 1,587,654 65,641 32,567 724,368 Charles L. Frischer 1,588,161 67,868 29,833 724,368 William C. Erbey 1,587,207 67,727 30,897 724,368
  evidence_url: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000053/0001555074-23-000053-index.htm
- Shareholder Votes
  Altisource Asset Management Corp shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm at the 2023-12-21 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-12-21
  source text: The appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 was ratified by the following vote: For Against Abstentions 2,379,349 30,812 69
  evidence_url: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000053/0001555074-23-000053-index.htm
- Shareholder Votes
  Altisource Asset Management Corp shareholders approved Advisory approval of named executive officer compensation at the 2023-12-21 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-12-21
  source text: The compensation of the Company's named executive officers as disclosed in the proxy statement was approved, on an advisory basis, by the following vote: For Against Abstentions Broker Non-Votes 1,586,148.00 69,822 29,892 724,368
  evidence_url: https://www.sec.gov/Archives/edgar/data/1555074/000155507423000053/0001555074-23-000053-index.htm

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