ACRES Commercial Realty Corp. Reports Officer Changes and Compensatory Arrangements
Ticker: ACR-PD · Form: 8-K · Filed: Feb 16, 2024 · CIK: 1332551
| Field | Detail |
|---|---|
| Company | Acres Commercial Realty Corp. (ACR-PD) |
| Form Type | 8-K |
| Filed Date | Feb 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: officer-changes, compensatory-arrangements, corporate-governance
TL;DR
**ACRES Commercial Realty Corp. just filed an 8-K about officer changes and compensation, so keep an eye on their leadership and strategy!**
AI Summary
ACRES Commercial Realty Corp. filed an 8-K on February 16, 2024, reporting events from February 15, 2024. The filing indicates changes related to the departure or election of directors and certain officers, as well as compensatory arrangements for officers. It also mentions the company's Series C Preferred Stock and Series D Preferred Stock, and its common stock, all dated February 15, 2024.
Why It Matters
Changes in leadership and compensation structures can signal strategic shifts or financial adjustments within the company, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty, but the specific details are not provided to assess the full impact.
Key Players & Entities
- ACRES Commercial Realty Corp. (company) — Registrant
- February 15, 2024 (date) — Date of earliest event reported
- February 16, 2024 (date) — Filing date
- Maryland (company) — State of Incorporation
- Exantas Capital Corp. (company) — Former company name
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 15, 2024.
What type of information was included in Item 5.02 of the 8-K?
Item 5.02, 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers,' was included in the 8-K.
What is the state of incorporation for ACRES Commercial Realty Corp.?
ACRES Commercial Realty Corp. is incorporated in Maryland.
What was the previous name of ACRES Commercial Realty Corp. before Exantas Capital Corp.?
Before Exantas Capital Corp., the company was formerly known as Resource Capital Corp. until July 8, 2005.
What types of stock were mentioned in the filing with a date of February 15, 2024?
The filing mentioned us-gaap:SeriesCPreferredStockMember, us-gaap:CommonStockMember, and us-gaap:SeriesDPreferredStockMember, all dated February 15, 2024.
Filing Stats: 530 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-02-16 16:19:54
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share ACR New York St
Filing Documents
- acr-20240215.htm (8-K) — 43KB
- 0000950170-24-016395.txt ( ) — 189KB
- acr-20240215.xsd (EX-101.SCH) — 45KB
- acr-20240215_htm.xml (XML) — 7KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACRES COMMERCIAL REALTY CORP. Date: February 16, 2024 By: /s/ Jaclyn Jesberger Jaclyn Jesberger Senior Vice President, Chief Legal Officer and Secretary