Business Context and Reporting Period
This Form 8-K Current Report was filed by Redwood Trust, Inc. on June 16, 2008. The filing addresses a change in senior management regarding the Controller position.
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 personnel changes and does not contain financial performance data.
Material Changes
- Departure: Raymond S. Jackson, Controller, announced his intention to resign effective July 1, 2008.
- Appointment: Harold F. Zagunis, Managing Director and Vice President, was appointed by the Board of Directors on June 16, 2008, to serve as acting Controller until a permanent replacement is found.
- Interim Role: Mr. Zagunis had already assumed Controller responsibilities on an interim basis immediately following Mr. Jackson's resignation announcement.
Management Commentary and Risks
Management Commentary: The Board confirmed Mr. Zagunis is highly qualified for the role, citing his tenure with Redwood since 1995 and prior experience as CFO, Controller, Treasurer, and Secretary. He holds an M.B.A. from Stanford University and a B.A. from Willamette University.
Compensation: Mr. Zagunis will not receive any additional compensation for his service as acting Controller.
Risks and Contingencies: The filing does not disclose specific financial risks or contingencies beyond the operational transition of the Controller role.
Investor Verification Checklist
- Verify the effective date of Raymond S. Jackson's resignation (July 1, 2008).
- Confirm the duration of Harold F. Zagunis's interim tenure as Controller.
- Monitor future filings for the appointment of a permanent Controller.
- Review subsequent financial reports to assess the impact of this leadership transition on financial reporting integrity.