Altisource Appoints New CFO, Reynolds Transitions
Ticker: ASPSW · Form: 8-K · Filed: Feb 28, 2025 · CIK: 1462418
| Field | Detail |
|---|---|
| Company | Altisource Portfolio Solutions S.A. (ASPSW) |
| Form Type | 8-K |
| Filed Date | Feb 28, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo, personnel
TL;DR
New CFO David Johnson starts March 3rd, Reynolds moves to advisor role.
AI Summary
On February 25, 2025, Altisource Portfolio Solutions S.A. announced the appointment of David Johnson as Chief Financial Officer, effective March 3, 2025. Johnson will succeed Michael J. Reynolds, who will transition to a Senior Advisor role until his retirement on March 31, 2025. Johnson's annual base salary will be $400,000, with potential for a discretionary bonus and equity awards.
Why It Matters
This executive change at the CFO level can impact investor confidence and the company's financial strategy moving forward.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $400,000 — CFO Base Salary (New CFO David Johnson's annual base compensation.)
Key Players & Entities
- Altisource Portfolio Solutions S.A. (company) — Registrant
- David Johnson (person) — Appointed Chief Financial Officer
- Michael J. Reynolds (person) — Outgoing Chief Financial Officer
- $400,000 (dollar_amount) — David Johnson's annual base salary
- March 3, 2025 (date) — Effective date for David Johnson's appointment
- March 31, 2025 (date) — Michael J. Reynolds' retirement date
FAQ
Who is the new Chief Financial Officer of Altisource Portfolio Solutions S.A.?
David Johnson has been appointed as the new Chief Financial Officer.
When does David Johnson's appointment as CFO become effective?
David Johnson's appointment is effective March 3, 2025.
What is the annual base salary for the new CFO?
David Johnson's annual base salary is $400,000.
What will Michael J. Reynolds' role be after stepping down as CFO?
Michael J. Reynolds will transition to a Senior Advisor role until his retirement on March 31, 2025.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is February 25, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on February 28, 2025 by David Johnson regarding ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPSW).