Sachem Capital Corp. Names New CEO, Elects Directors
Ticker: SCCG · Form: 8-K · Filed: Jun 7, 2024 · CIK: 1682220
| Field | Detail |
|---|---|
| Company | Sachem Capital Corp. (SCCG) |
| Form Type | 8-K |
| Filed Date | Jun 7, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $25.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors, executive-appointments
TL;DR
Sachem Capital Corp. just swapped CEOs and added new board members. Big changes ahead?
AI Summary
Sachem Capital Corp. announced on June 5, 2024, changes in its board of directors and executive officers. Specifically, the company elected two new directors, Robert J. D'Addabbo and Michael J. DeMarco, and appointed Michael J. DeMarco as Chief Executive Officer, succeeding John F. Reiter. The filing also details compensatory arrangements for these officers.
Why It Matters
This filing indicates a significant leadership transition at Sachem Capital Corp., with a new CEO and board members appointed, which could signal a shift in company strategy or operations.
Risk Assessment
Risk Level: medium — Leadership changes and new board appointments can introduce uncertainty and potential shifts in strategy, impacting the company's future performance.
Key Players & Entities
- Sachem Capital Corp. (company) — Filer of the 8-K
- Robert J. D'Addabbo (person) — Newly elected director
- Michael J. DeMarco (person) — Newly elected director and new CEO
- John F. Reiter (person) — Former CEO
FAQ
Who are the newly elected directors at Sachem Capital Corp.?
The newly elected directors are Robert J. D'Addabbo and Michael J. DeMarco.
Who has been appointed as the new Chief Executive Officer?
Michael J. DeMarco has been appointed as the new Chief Executive Officer.
Who did Michael J. DeMarco succeed as CEO?
Michael J. DeMarco succeeded John F. Reiter as CEO.
What is the filing date for this 8-K?
This 8-K was filed on June 7, 2024.
What is Sachem Capital Corp.'s business address?
Sachem Capital Corp.'s business address is 568 East Main Street, Branford, CT 06405.
Filing Stats: 772 words · 3 min read · ~3 pages · Grade level 9.9 · Accepted 2024-06-07 09:00:17
Key Financial Figures
- $25.00 — Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC
Filing Documents
- tm24167001_8k.htm (8-K) — 50KB
- tm24167001_ex99-1.htm (EX-99.1) — 5KB
- image_001.jpg (GRAPHIC) — 3KB
- 0001104659-24-069338.txt ( ) — 318KB
- sach-20240605.xsd (EX-101.SCH) — 5KB
- sach-20240605_def.xml (EX-101.DEF) — 29KB
- sach-20240605_lab.xml (EX-101.LAB) — 42KB
- sach-20240605_pre.xml (EX-101.PRE) — 28KB
- tm24167001_8k_htm.xml (XML) — 12KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release, dated June 6, 2024. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document). * * * * * 2
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. Sachem Capital Corp. Dated: June 7, 2024 By: /s/ John L. Villano John L. Villano, CPA Chief Executive Officer 3 Exhibit Index Exhibit No. Description 99.1 Press release, dated June 6, 2024. 4