Business Context and Reporting Period
This Form 8-K Current Report was filed by Redwood Trust, Inc. on January 29, 2009. The filing addresses corporate governance changes, specifically the appointment of new senior officers by the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to personnel appointments and contains no financial performance data.
Material Changes
The material change reported is the restructuring of two executive roles effective January 29, 2009:
- Harold Zagunis was appointed Chief Risk Officer. He ceases to serve as Controller, a role he held in an acting capacity since June 16, 2008.
- Christopher Abate was appointed Controller. Mr. Abate is an internal candidate who has been employed by Redwood since April 2006, serving as Vice President since December 2007 and Managing Director since December 2008.
Guidance, Outlook, and Risks
The filing does not contain guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items. The appointment of Mr. Abate concludes a search process initiated in June 2008 to find a permanent Controller.
Investor Verification Checklist
- Verify the effective date of the new appointments (January 29, 2009).
- Review the June 16, 2008 Form 8-K referenced in the text for prior details on Mr. Zagunis's background.
- Confirm Mr. Abate's professional credentials (CPA, B.A. in accounting and finance from Western Michigan University) and prior experience at PricewaterhouseCoopers LLP.