Business Context and Reporting Period
Company: Sachem Capital Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: May 8, 2020
Reporting Period: Three months ended March 31, 2020
Context: This filing serves to announce the Company's financial results for the first quarter of 2020 via a press release (Exhibit 99.1) and to disclose a subsequent investor conference call held on May 12, 2020 (Exhibit 99.2).
Key Financial Metrics
The provided text is a cover sheet for the Form 8-K and does not contain specific financial data points. It references a press release and conference call transcript where the actual numbers are located.
- Revenue, Profit, Cash Flow, Margins: Not provided in this text.
- Debt and Liquidity: Not provided in this text.
- Securities Registered: Common Shares (Ticker: SACH), 7.125% Notes due 2024 (Ticker: SCCB), and 6.875% Notes due 2024 (Ticker: SACC), all listed on NYSE American LLC.
Material Changes
The filing text does not provide specific comparative data or details regarding material changes versus the prior comparable period. It only indicates that results for the three months ended March 31, 2020, were announced.
Guidance, Outlook, and Risks
Management Commentary: The Company hosted a conference call on May 12, 2020, to discuss financial condition and operating results. A transcript is available as Exhibit 99.2.
Regulatory Disclosure: The information furnished under Item 7.01 (Regulation FD Disclosure) is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not subject to the liability of that section. The Company explicitly states it does not assume any obligation to update such information in the future.
Guidance and Risks: Specific guidance, outlook, or risk factors are not detailed in this text.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 8, 2020) for specific Q1 2020 revenue, net income, and earnings per share figures.
- Review Exhibit 99.2 (Conference Call Transcript dated May 12, 2020) for management's commentary on the impact of the pandemic, portfolio performance, and future outlook.
- Verify the status of the Company's debt instruments (7.125% Notes and 6.875% Notes) in the full press release.
- Note that the information in this 8-K is not incorporated by reference into other filings unless expressly stated.