Business Context and Reporting Period
This Form 8-K Current Report was filed by Redwood Trust, Inc. on May 30, 2008. The filing addresses a material change in corporate governance and executive management under Item 5.02.
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
- Resignation: Raymond S. Jackson, Managing Director and Controller, intends to resign effective July 1, 2008.
- Interim Appointment: Harold F. Zagunis, Managing Director and Vice President, has assumed the responsibilities of Controller on an interim basis.
- Transition Plan: Mr. Jackson will assist in the transition of duties to Mr. Zagunis during June 2008.
Management Commentary and Background
Management states that Mr. Zagunis is highly qualified for the interim role. He has been employed by Redwood since 1995 and has previously served as Chief Financial Officer, Controller, Treasurer, and Secretary. Prior to Redwood, he was Vice President of Finance for Landmark Land Company, Inc. He holds B.A. degrees in Mathematics and Economics from Willamette University and an M.B.A. from Stanford University Graduate School of Business.
Investor Verification Checklist
- Verify the exact effective date of Mr. Jackson's resignation (July 1, 2008).
- Confirm the duration of Mr. Zagunis's interim tenure and the timeline for a permanent search.
- Review subsequent filings for the appointment of a permanent Controller.
- Check for any related compensation arrangements or severance details not disclosed in this specific 8-K.