Sachem Capital Corp. Files 8-K on Officer/Director Changes
Ticker: SCCG · Form: 8-K · Filed: Sep 5, 2025 · CIK: 1682220
| Field | Detail |
|---|---|
| Company | Sachem Capital Corp. (SCCG) |
| Form Type | 8-K |
| Filed Date | Sep 5, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $25.00, $600,000, $250,000, $50,000, $300,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
TL;DR
Sachem Capital Corp. filed an 8-K detailing changes in its board and executive team.
AI Summary
Sachem Capital Corp. filed an 8-K on September 5, 2025, reporting on events as of September 1, 2025. The filing covers the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. It also includes other events and financial statements/exhibits.
Why It Matters
This filing provides crucial updates on the company's leadership and governance structure, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: medium — Changes in directors or officers can signal underlying issues or strategic shifts that may affect the company's future performance.
Key Players & Entities
- Sachem Capital Corp. (company) — Filer of the 8-K report
- September 1, 2025 (date) — Earliest event date reported
- September 5, 2025 (date) — Date of report filing
FAQ
What specific officer or director positions were affected by the changes reported in this 8-K?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but does not specify the names or exact roles affected in the provided text.
Were there any new directors elected or officers appointed as of September 1, 2025?
The filing lists 'Election of Directors' and 'Appointment of Certain Officers' as items covered, suggesting that such changes may have occurred, but the specific details are not in the provided excerpt.
What is the nature of the 'Other Events' reported in this 8-K?
The provided text for the 8-K filing does not specify the details of the 'Other Events'.
Does this filing include any updated financial statements or exhibits?
Yes, the filing explicitly states 'Financial Statements and Exhibits' as an item covered, indicating that such documents are included.
What is Sachem Capital Corp.'s fiscal year end?
Sachem Capital Corp.'s fiscal year ends on December 31.
Filing Stats: 994 words · 4 min read · ~3 pages · Grade level 9.8 · Accepted 2025-09-05 16:08:16
Key Financial Figures
- $25.00 — Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC I
- $600,000 — ll receive (i) an annual base salary of $600,000, (ii) annual cash incentive compensatio
- $250,000 — with a target grant date fair value of $250,000. In addition, upon execution of the Emp
- $50,000 — ven will also receive a cash payment of $50,000 and a one-time grant of restricted stoc
- $300,000 — d stock with a grant date fair value of $300,000, which will cliff vest on the third ann
- $0.05 — nd declared a quarterly dividend of (i) $0.05 per common share, par value $0.001 per
- $0.001 — f (i) $0.05 per common share, par value $0.001 per share, of the Company to be paid on
- $0.484375 — cord as of September 15, 2025; and (ii) $0.484375 per share on the Company's 7.75% Series
- $0 — e Redeemable Preferred Stock, par value $0.001, payable on September 30, 2025 to s
Filing Documents
- sach-20250901.htm (8-K) — 44KB
- sach-cfox8kxexx101.htm (EX-10.1) — 148KB
- sach-cfox8kxexx102.htm (EX-10.2) — 30KB
- sach-cfox8kxexx991.htm (EX-99.1) — 10KB
- sach-cfox8kxexx992.htm (EX-99.2) — 8KB
- image_0.jpg (GRAPHIC) — 5KB
- image_0a.jpg (GRAPHIC) — 5KB
- 0001682220-25-000063.txt ( ) — 480KB
- sach-20250901.xsd (EX-101.SCH) — 3KB
- sach-20250901_def.xml (EX-101.DEF) — 17KB
- sach-20250901_lab.xml (EX-101.LAB) — 32KB
- sach-20250901_pre.xml (EX-101.PRE) — 18KB
- sach-20250901_htm.xml (XML) — 8KB
01. Other Events
Item 8.01. Other Events. On September 4, 2025, the Company issued a press release announcing Mr. Walraven's promotion. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. On September 4, 2025, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.2, announcing that its board of directors authorized and declared a quarterly dividend of (i) $0.05 per common share, par value $0.001 per share, of the Company to be paid on September 30, 2025 to shareholders of record as of September 15, 2025; and (ii) $0.484375 per share on the Company's 7.75% Series A Cumulative Redeemable Preferred Stock, par value $0.001, payable on September 30, 2025 to shareholders of record on September 15, 2025. The dividend on the preferred stock represents the full amount accrued from June 30, 2025, through and including September 29, 2025.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Employment Agreement by and between Jeffery C. Walraven and Sachem Capital Corp. effective as of September 1, 2025 10.2* Restricted Stock Award Agreement, dated September 3, 2025, under the Sachem Capital Corp. 2025 Omnibus Incentive Plan between Sachem Capital Corp. and Jeffery C. Walraven 99.1 Press Release, dated September 4 , 2025 , announcing Mr. Walraven's promotion to the positio n of Ex ecutive V ice President and Chief Financial Officer 99.2 Press Release, dated September 4, 2025, announcing the declaration of the quarterly dividends 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Certain portions of this exhibit have been omitted in accordance with Item 601(b)(10) of Regulation S-K. ***** 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: September 5, 2025 By: /s/ John L. Villano John L. Villano, CPA President and Chief Executive Officer 3