{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-013841","form_type":"8-K","ticker":null,"cik":"0001544190","company_name":"Shepherd's Finance, LLC","filed_at":"2025-06-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.708912+00:00","generated_at":"2026-05-19T21:48:55.299043+00:00","sec_items":["1.01","3.02","5.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Shepherd's Finance appoints new CFO, exchanges units, and redeems preferred units","bullets":["CFO Catherine Leslie resigned to lead new accounting business unit; Ted Westwood named successor effective June 2, 2025.","Westwood, former FedEx controller (14 yrs) and most recently at Nutting Co., receives $185,000 base salary.","Holder William Myrick exchanged 2,969 Class A common units for 2,329.533 Series C Cumulative Preferred Units.","Company redeemed 251.10821 preferred units from CEO and his wife for $251,108.21.","Unit exchange exempt from registration under Sec 4(a)(2) or 3(a)(9)."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-013841","json":"https://secwatch.observer/filing/0001641172-25-013841.json","markdown":"https://secwatch.observer/filing/0001641172-25-013841.md","text":"https://secwatch.observer/filing/0001641172-25-013841.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1544190/000164117225013841/0001641172-25-013841-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1544190/000164117225013841/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T21:48:55.299043+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c521b88b9f","claim":"Catherine Leslie resigned as Chief Financial Officer at Shepherd's Finance, LLC.","evidence_excerpt":"On May 30, 2025, Catherine Leslie, the Chief Financial Officer of the Registrant, who has been doing both her CFO duties and leading that business, agreed to lead that business unit for the Registrant full time and advised the Registrant that she was resigning as the Registrant’s Chief Financial Officer, effective upon the date her successor, Ted Westwood, starts employment with the Registrant as described below.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1544190/000164117225013841/0001641172-25-013841-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"f98b7fad6e","claim":"Theodore Westwood was appointed as Chief Financial Officer at Shepherd's Finance, LLC.","evidence_excerpt":"On May 30, 2025, the Board of the Registrant appointed Theodore Westwood as the Chief Financial Officer of the Registrant, effective as of June 2, 2025, to serve until his successor is duly designated, or until his earlier death, resignation, retirement, disqualification, or removal from office.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1544190/000164117225013841/0001641172-25-013841-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}