CIM Real Estate Finance Trust Reports Material Agreement, Officer Changes

TL;DR

**CIM Real Estate Finance Trust just inked a major deal and shuffled exec compensation, watch for details!**

AI Summary

CIM Real Estate Finance Trust, Inc. filed an 8-K on January 12, 2024, reporting an event that occurred on January 9, 2024. This filing indicates an "Entry into a Material Definitive Agreement" and changes related to "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers." While the specific details of these agreements and personnel changes are not provided in this summary, the filing signals significant corporate actions that could impact the company's strategic direction and financial health. Investors should pay close attention to the full details of these agreements and personnel changes, as they could affect future performance and shareholder value.

Why It Matters

This filing signals significant corporate actions, including new agreements and changes in leadership compensation, which can directly influence the company's future strategy and financial stability.

Risk Assessment

Risk Level: medium — The filing indicates material agreements and changes in officer compensation, which could be positive or negative depending on the undisclosed specifics, creating moderate uncertainty.

Analyst Insight

Investors should seek out the full text of the material definitive agreement and details on the compensatory arrangements to understand the financial implications and strategic direction of CIM Real Estate Finance Trust, Inc. before making investment decisions.

Key Players & Entities

• CIM Real Estate Finance Trust, Inc. (company) — the registrant filing the 8-K
• January 9, 2024 (date) — date of the earliest event reported
• January 12, 2024 (date) — date the 8-K was filed
• 000-54939 (other) — Commission file number

Forward-Looking Statements

• Further details regarding the 'Material Definitive Agreement' and 'Compensatory Arrangements of Certain Officers' will be disclosed in subsequent filings or press releases. (CIM Real Estate Finance Trust, Inc.) — high confidence, target: Q1 2024

FAQ

Filing Documents

• cmft-20240109.htm (8-K) — 32KB
• cimrealestatefinancetrusti.htm (EX-10.1) — 209KB
• 0001498547-24-000012.txt ( ) — 387KB
• cmft-20240109.xsd (EX-101.SCH) — 2KB
• cmft-20240109_lab.xml (EX-101.LAB) — 21KB
• cmft-20240109_pre.xml (EX-101.PRE) — 11KB
• cmft-20240109_htm.xml (XML) — 2KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. The information set forth under Item 5.02 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 1.01 in its entirety. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 9, 2024, the Compensation Committee of the Board of Directors of CIM Real Estate Finance Trust, Inc. (the "Company") approved and adopted the CIM Real Estate Finance Trust, Inc. 2024 Manager Equity Incentive Plan (the "Manager Plan"), which provides for the grant of non-qualified stock options, restricted stock awards, restricted stock unit awards, and stock appreciation right awards, and dividend equivalents, to eligible named executive officers (as defined in Item 402 of Regulation S-K) of the Company deemed eligible to participate in the Manager Plan and/or CIM Real Estate Finance Management, LLC (the "Manager") (which will in turn transfer such incentives to the employees, advisors, or consultants of the Manager and its affiliates, other than eligible named executive officers of the Company, who provide services to the Manager or its affiliates in support of the Company and its subsidiaries). The maximum number of shares of common stock of the Company that may be subject to awards granted under the Manager Plan is 12,000,000 shares. The Manager Plan will expire on January 9, 2034, unless terminated earlier by the Board of Directors or the Compensation Committee. The foregoing description of the Manager Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Manager Plan, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 CIM Real Estate Finance Trust, Inc. 202 4 Manager Equ ity Incentive Plan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 11, 2024 CIM REAL ESTATE FINANCE TRUST, INC. By: /s/ Nathan D. DeBacker Name: Nathan D. DeBacker Title: Chief Financial Officer, Principal Accounting Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR