Business Context and Reporting Period
This Form 8-K is a current report filed by New York Mortgage Trust, Inc. (noted in metadata as Adamas Trust, Inc.) on December 21, 2009. The filing addresses a corporate governance event regarding the Board of Directors.
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 a disclosure of personnel changes and contains no financial statements or performance data.
Material Changes
The material change reported is the resignation of Steven M. Abreu from the Board of Directors and all associated board committees. The resignation became effective at the close of business on December 21, 2009. Mr. Abreu cited the demands of a new position as the reason for his departure and confirmed he has no disagreement with the Company regarding operations, finances, or policies.
Outlook and Management Commentary
Management has stated that the Board is currently in the process of identifying a qualified candidate to replace Mr. Abreu. No specific guidance, risk factors, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Steven M. Abreu resigned from the Board of Directors effective December 21, 2009.
- The resignation was voluntary and due to a new employment opportunity.
- The Board is actively seeking a replacement for Mr. Abreu.
- No financial data or operational metrics are included in this specific filing.