Rithm Capital Corp. Files 8-K on Financials and Personnel Changes
Ticker: RITM-PD · Form: 8-K · Filed: Apr 30, 2024 · CIK: 1556593
| Field | Detail |
|---|---|
| Company | Rithm Capital Corp. (RITM-PD) |
| Form Type | 8-K |
| Filed Date | Apr 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, corporate-governance, filing
TL;DR
Rithm Capital dropped an 8-K detailing financials and exec changes. Check it out.
AI Summary
Rithm Capital Corp. filed an 8-K on April 30, 2024, reporting on its results of operations and financial condition. The filing also disclosed information regarding the departure of directors, election of new directors, appointment of officers, and compensatory arrangements. Additionally, it included financial statements and exhibits.
Why It Matters
This filing provides crucial updates on Rithm Capital's financial performance and any significant changes in its leadership or board structure, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: medium — The filing contains information about financial results and potential changes in leadership, which can introduce uncertainty and affect the company's stock performance.
Key Players & Entities
- Rithm Capital Corp. (company) — Filer of the 8-K
- New Residential Investment Corp. (company) — Former company name
- New Residential Investment LLC (company) — Former company name
- Spinco Inc. (company) — Former company name
FAQ
What specific financial results are detailed in the 8-K filing?
The filing indicates it covers 'Results of Operations and Financial Condition' but does not provide specific dollar amounts or figures within the provided text.
When was this 8-K filing submitted?
The filing was submitted on April 30, 2024.
What other types of information are included in this 8-K besides financial results?
The filing also includes information on the departure of directors, election of directors, appointment of officers, compensatory arrangements, and financial statements and exhibits.
What was Rithm Capital Corp. formerly known as?
Rithm Capital Corp. was formerly known as New Residential Investment Corp., New Residential Investment LLC, and Spinco Inc.
What is Rithm Capital Corp.'s Standard Industrial Classification (SIC) code?
Rithm Capital Corp.'s SIC code is 6798, which corresponds to Real Estate Investment Trusts.
Filing Stats: 836 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-04-30 06:47:00
Key Financial Figures
- $0.01 — nge on which registered: Common Stock, $0.01 par value per share RITM New York Stock
Filing Documents
- ritm-20240430.htm (8-K) — 34KB
- ritm-2024331x8xkxexhibit991.htm (EX-99.1) — 324KB
- image.jpg (GRAPHIC) — 55KB
- 0001556593-24-000010.txt ( ) — 645KB
- ritm-20240430.xsd (EX-101.SCH) — 4KB
- ritm-20240430_def.xml (EX-101.DEF) — 17KB
- ritm-20240430_lab.xml (EX-101.LAB) — 33KB
- ritm-20240430_pre.xml (EX-101.PRE) — 18KB
- ritm-20240430_htm.xml (XML) — 7KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On April 30, 2024, Rithm Capital Corp. (the "Company") issued a press release announcing the Company's results for its fiscal quarter ended March 31, 2024. A copy of the Company's press release is attached to this Current Report on Form 8-K (the "Current Report") as Exhibit 99.1 and is incorporated herein solely for purposes of this Item 2.02 disclosure. This Current Report, including the exhibit attached hereto, is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, unless expressly set forth as being incorporated by reference into such filing. Item 5.02 Departure of Directors or Certain Officers; Election of Directors Appointment of Certain Officers Compensatory Arrangements of Certain Officers. On April 30, 2024, David Zeiden was appointed Chief Legal Officer of Rithm Capital Corp. (the "Company"). Mr. Zeiden previously served as Executive Managing Director, Chief Compliance Officer ("CCO") and Chief Regulatory Counsel for Sculptor Capital Management, Inc. ("Sculptor Capital"), where he oversaw Sculptor Capital's global compliance program. Mr. Zeiden has over 25 years' experience as in-house counsel and in private practice advising on complex investments and other transactions, as well as providing legal, compliance, regulatory and operational leadership. Prior to serving as Sculptor Capital's CCO, Mr. Zeiden was General Counsel and Chief Operating Officer for Sculptor Capital's Asia business. Before joining Sculptor Capital in 2007, Mr. Zeiden spent nearly a decade in private practice in the Corporate Departments at law firms Paul Weiss and Debevoise & Plimpton. We believe that Mr. Zeiden's legal and
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press release, dated April 30, 2024, issued by Rithm Capital Corp. 104 Cover Page Interactive Data File — the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE 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. RITHM CAPITAL CORP. (Registrant) /s/ Nicola Santoro, Jr. Nicola Santoro, Jr. Chief Financial Officer and Chief Accounting Officer Date: April 30, 2024