Sachem Capital Corp. Announces Executive and Director Changes

TL;DR

Sachem Capital Corp. just shook up its board and exec team, filing new details today.

AI Summary

Sachem Capital Corp. announced on December 10, 2024, a series of executive and director changes. The company elected new directors and appointed new officers, alongside updates to compensatory arrangements for certain officers. This filing also includes financial statements and exhibits.

Why It Matters

Changes in corporate leadership and executive compensation can signal shifts in company strategy or financial health, impacting investor confidence and stock performance.

Risk Assessment

Risk Level: medium — Changes in executive and director roles can introduce uncertainty regarding future strategy and operations.

Key Players & Entities

• Sachem Capital Corp. (company) — Filer of the 8-K
• 2024-12-10 (date) — Date of Report
• 2024-12-16 (date) — Filing Date

FAQ

Key Financial Figures

• $25.00 — Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC
• $62,500 — aven will be compensated at the rate of $62,500 per month. Mr. Walraven's appointment i

Filing Documents

• tm2431096d1_8k.htm (8-K) — 52KB
• tm2431096d1_ex10-1.htm (EX-10.1) — 24KB
• tm2431096d1_ex99-1.htm (EX-99.1) — 12KB
• tm2431096d1_ex10-1img001.jpg (GRAPHIC) — 5KB
• 0001104659-24-128970.txt ( ) — 358KB
• sach-20241210.xsd (EX-101.SCH) — 5KB
• sach-20241210_def.xml (EX-101.DEF) — 29KB
• sach-20241210_lab.xml (EX-101.LAB) — 42KB
• sach-20241210_pre.xml (EX-101.PRE) — 27KB
• tm2431096d1_8k_htm.xml (XML) — 11KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Chief Financial Officer Resignation On December 10, 2024, Nicholas M. Marcello, resigned from his position as Chief Financial Officer of Sachem Capital Corp. (the " Company "). Mr. Marcello's resignation was not based on any disagreements with the Company's accounting principles, practices or financial statement disclosures. Mr. Marcello agreed to remain available to the Company through December 31, 2024 to provide assistance to ensure a successful and seamless transition. On December 13, 2024, the Company issued a press release announcing Mr. Marcello's resignation. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. Interim Chief Financial Officer Effective as of December 13, 2024, Jeffery C. Walraven, age 55, a member of the Board of Directors (the " Board ") and a member of the Audit, Compensation and Nominating and Corporate Governance Committees of the Board, was appointed Interim Chief Financial Officer of the Company, while the Board conducts a formal search process to identify and appoint a permanent Chief Financial Officer. Mr. Walraven's biographical information is set forth in the Company's Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on August 28, 2024, and is incorporated by reference herein. Other than the Agreement, described below, there are no arrangements or understandings between Mr. Walraven and any other persons pursuant to which he was appointed as Interim Chief Financial Officer of the Company. There are no family relationships between Mr. Walraven and any of the Company's other directors or executive officers, and Mr. Walraven is not a party to any transaction, or any proposed transaction, required to be disclosed pursuant to Item 404(a) of Regulation S-K. In connection with Mr. Walraven's

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Letter Agreement, dated December 13, 2024, between the Company and Jeffery C. Walraven (a portion of the exhibit has been excluded from the exhibit because it both (i) is not material and (ii) is the type that the company treats as private or confidential). 99.1 Press Release, dated December 13, 2024. 104 Cover Page Interactive Data File (embedded within 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: December 16, 2024 By: /s/ John L. Villano John L. Villano, CPA Chief Executive Officer 3 Exhibit Index Exhibit No. Description 10.1 Letter Agreement, dated December 13, 2024, between the Company and Jeffery C. Walraven (a portion of the exhibit has been excluded from the exhibit because it both (i) is not material and (ii) is the type that the company treats as private or confidential). 99.1 Press Release, dated December 13, 2024. 4

View Full Filing

View this 8-K filing on SEC EDGAR