Business Context and Reporting Period
This Form 8-K is a current report filed by AG Mortgage Investment Trust, Inc. (MITT) on November 25, 2020, regarding events occurring on November 24, 2020. The Company is a Maryland corporation with its principal executive offices in New York, New York. It is managed by a subsidiary of Angelo, Gordon & Co., L.P.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance changes rather than financial performance data.
Material Changes
The primary material change reported is the departure of a senior officer:
- Resignation: Raul E. Moreno resigned as General Counsel and Secretary, effective December 14, 2020.
- Reason: The resignation was not the result of any dispute or disagreement with the Company.
- Interim Arrangement: Christopher D. Moore, General Counsel and Secretary of Angelo Gordon, will serve as Acting General Counsel and Secretary following the effective date.
- Transition Support: Mr. Moreno will remain with Angelo Gordon to provide transitional legal support during the first quarter of 2021.
- Search Status: The Manager has commenced a search for a permanent General Counsel and Secretary.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies. The only unusual item noted is the scheduled departure of the General Counsel and Secretary.
Key Facts for Investor Verification
- Confirm the effective date of Raul E. Moreno's resignation (December 14, 2020).
- Verify the appointment of Christopher D. Moore as Acting General Counsel and Secretary.
- Monitor future filings for the appointment of a permanent General Counsel and Secretary.
- Note that the resignation was amicable and not due to any disagreement.