SEC Filing Summary: Exantas Capital Corp. (Form 8-K)
Business Context and Reporting Period
This Form 8-K was filed on May 25, 2018, by Exantas Capital Corp. (formerly Resource Capital Corp.), a Maryland corporation. The filing reports a corporate name change and associated administrative updates effective as of 5:00 p.m. Eastern Daylight Time on May 25, 2018.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly a current report regarding corporate governance changes and does not contain financial performance data.
Material Changes
- Corporate Name Change: The company changed its name from "Resource Capital Corp." to "Exantas Capital Corp."
- Trading Symbols: Effective May 29, 2018, the New York Stock Exchange trading symbols will change from "RSO" to "XAN" for common stock and from "RSO PrC" to "XAN PrC" for the 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock.
- CUSIP Numbers: New CUSIP numbers were assigned: 30068N105 for common stock and 30068N402 for Preferred Stock.
- Governance: The Board of Directors approved the Articles of Amendment and Second Amended and Restated Bylaws without stockholder approval.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document focuses solely on the procedural execution of the name change.
Key Facts for Investor Verification
- Verify the new ticker symbol "XAN" and "XAN PrC" on trading platforms starting May 29, 2018.
- Confirm the new CUSIP numbers (30068N105 and 30068N402) for settlement and record-keeping purposes.
- Note that the name change was executed via Board approval without a stockholder vote.