---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-008832"
form_type: "8-K"
ticker: "CTO"
cik: "0000023795"
company_name: "CTO Realty Growth, Inc."
filed_at: "2024-05-31T23:59:59+00:00"
generated_at: "2026-06-01T07:16:45.650335+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CTO Realty appoints Philip Mays as CFO effective June 17; base salary $375k

## Summary
- Philip R. Mays appointed SVP, CFO and Treasurer of CTO Realty Growth (CTO) effective June 17, 2024.
- Also appointed CFO of externally managed Alpine Income Property Trust (PINE).
- Base salary $375,000; target annual incentive 75% of base; 2025 target equity award 133% of base.
- Mays previously CFO of Cedar Realty Trust (2011-2021) and Shadowbox Studios (2021-2024).
- Lisa Vorakoun will resume her role as SVP and Chief Accounting Officer upon Mays's start.

## SEC filing metadata
- accession: 0001558370-24-008832
- form_type: 8-K
- ticker: CTO
- cik: 0000023795
- company_name: CTO Realty Growth, Inc.
- filed_at: 2024-05-31T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23795/000155837024008832/0001558370-24-008832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23795/000155837024008832/cto-20240529x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-008832
- JSON: https://secwatch.observer/filing/0001558370-24-008832.json
- Plain text: https://secwatch.observer/filing/0001558370-24-008832.txt

## Key facts
- Executive change
  Philip R. Mays was appointed as Senior Vice President, Chief Financial Officer and Treasurer at CTO Realty Growth, Inc..
  - Action: appointed
  - Role: Senior Vice President, Chief Financial Officer and Treasurer
  source text: On May 29, 2024, Philip R. Mays, age 56, was appointed Senior Vice President, Chief Financial Officer and Treasurer of CTO Realty Growth, Inc. (the “Company”), effective as of June 17, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/23795/000155837024008832/0001558370-24-008832-index.htm

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