Business Context and Reporting Period
This Form 8-K is a current report filed by AG Mortgage Investment Trust, Inc. (trading symbol: MITT) on December 31, 2020. The report covers events occurring on December 30, 2020, and January 1, 2021, regarding changes in the company's executive leadership.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and personnel changes rather than financial performance data.
Material Changes
- Resignation of CFO: Brian Sigman resigned as Chief Financial Officer and Treasurer, effective December 31, 2020. The resignation was not the result of any dispute with the company.
- Appointment of New CFO: Anthony W. Rossiello was appointed as Chief Financial Officer and Principal Financial Officer, effective January 1, 2021.
- Employment Status: Mr. Rossiello is employed by AG REIT Management, LLC, the company's external manager, rather than directly by the registrant.
Outlook, Risks, and Management Commentary
Management confirmed that the leadership transition was planned and not driven by disagreement. Mr. Rossiello brings over 11 years of experience in the banking and mortgage REIT industry, including prior roles at Ernst & Young LLP and as Controller for the company since August 2020. No material plans, contracts, or compensatory arrangements were disclosed in connection with this appointment at the time of filing.
Key Facts for Investor Verification
- Verify the effective dates of the CFO transition (Dec 31, 2020, for resignation; Jan 1, 2021, for appointment).
- Confirm that the new CFO, Anthony W. Rossiello, is employed by the external manager (AG REIT Management, LLC) and not directly by the trust.
- Note that no financial performance data is included in this specific filing; investors should refer to the most recent 10-Q or 10-K for financial metrics.