secwatch.observer — SEC 8-K summary
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Issuer:     Altisource Asset Management Corp (—)
CIK:        0001555074
Form:       8-K
Filed at:   2023-12-26T23:59:59+00:00
Accession:  0001555074-23-000053
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1555074/000155507423000053/0001555074-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1555074/000155507423000053/aamc-20231226.htm
  HTML page:      https://secwatch.observer/filing/0001555074-23-000053

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