secwatch.observer — SEC 8-K summary
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Issuer:     Shepherd's Finance, LLC (—)
CIK:        0001544190
Form:       8-K
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0001641172-25-013841
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shepherd's Finance appoints new CFO, exchanges units, and redeems preferred units
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1544190/000164117225013841/0001641172-25-013841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1544190/000164117225013841/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-013841

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer