CTO Realty Growth, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CTO Realty Growth, Inc. on March 29, 2024, covering the event date of March 27, 2024. The Company is a real estate investment trust incorporated in Maryland, with its principal executive offices in Winter Park, Florida. The report addresses a change in executive leadership under Item 5.02.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Lisa M. Vorakoun as Interim Chief Financial Officer and Treasurer, effective April 1, 2024. This appointment is interim in nature while the Board of Directors conducts a formal search for a permanent successor. There are no reported changes to the Company's capital structure, operations, or financial position in this filing.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. No specific risks, contingencies, or unusual items are disclosed in this report. The Company confirmed there are no arrangements or understandings between Ms. Vorakoun and other persons regarding her appointment, nor are there any family relationships with other directors or officers requiring disclosure.
Key Facts for Investor Verification
- Interim Appointment: Lisa M. Vorakoun was appointed Interim CFO and Treasurer effective April 1, 2024.
- Search Status: The Board is currently conducting a formal search for a permanent CFO and Treasurer.
- Candidate Background: Ms. Vorakoun has been with the Company since January 2013, most recently serving as Vice President and Chief Accounting Officer since August 2020.
- Related Roles: Ms. Vorakoun also serves as Vice President and Chief Accounting Officer of Alpine Income Property Trust, Inc.
- Compensation: The filing states there are no undisclosed arrangements or understandings regarding her appointment.