Alpine Income Property Trust, Inc. — Form 8-K Summary
Business Context and Reporting Period
The Form 8-K reports a management appointment by Alpine Income Property Trust, Inc. (NYSE: PINE), a Maryland real estate investment trust. The earliest reported event occurred on May 29, 2024; the filing was signed and dated May 31, 2024.
Management Appointment
- Philip R. Mays, age 56, was appointed Senior Vice President, Chief Financial Officer and Treasurer, effective June 17, 2024.
- Upon effectiveness, Mr. Mays will become the Company’s principal financial officer.
- Lisa M. Vorakoun will resume her role as Senior Vice President and Chief Accounting Officer.
- Mr. Mays previously served as Chief Financial Officer of Shadowbox Studios and, from 2011 to 2021, as Chief Financial Officer and Executive Vice President of Cedar Realty Trust, Inc.
Financial Metrics and Liquidity
This Form 8-K does not provide revenue, net income, funds from operations, cash flow, margins, debt, liquidity, or other operating and financial metrics.
Material Changes Versus Prior Period
The filing does not report comparative-period financial results. The material change disclosed is the planned transition in the Company’s principal financial officer effective June 17, 2024.
Guidance, Outlook, Risks, and Unusual Items
- No financial guidance or business outlook is provided.
- The Company states that there are no arrangements or understandings with other persons related to Mr. Mays’s appointment.
- Mr. Mays has no reported family relationships with the Company’s directors or executive officers and is not party to a transaction requiring disclosure under Item 404(a) of Regulation S-K.
- The Company furnished a May 31, 2024 press release as Exhibit 99.1 under Regulation FD. The press release is furnished, not filed, and is not subject to Section 18 liability or incorporated by reference unless specifically stated.
Key Facts for Investors to Verify
- Confirm the June 17, 2024 effective date and completion of the CFO and Treasurer transition.
- Review Exhibit 99.1 for any additional management commentary or compensation details.
- Assess subsequent filings for changes in financial reporting, internal controls, capital allocation, or outlook following the change in principal financial officer.
- Note that the filing contains no updated financial results or balance-sheet information.