Business Context and Reporting Period
This Form 8-K Current Report was filed by Chicago Atlantic Real Estate Finance, Inc. (REFI) on December 16, 2024, regarding an event that occurred on December 11, 2024. The Company is a real estate finance entity incorporated in Maryland and listed on The Nasdaq Global Market LLC.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary material change reported is the departure of a director:
- Resignation: Donald Gulbrandsen notified the Board of his resignation as a member of the Board of Directors and all associated committees.
- Effective Date: The resignation is effective January 1, 2025.
- Reason: The resignation is not the result of any disagreement with the Company regarding operations, policies, or practices.
- Succession: The Board has initiated a search for new independent director candidates.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the standard disclosure regarding the director's departure.
Investor Verification Checklist
- Confirm the effective date of Donald Gulbrandsen's resignation (January 1, 2025).
- Monitor future filings for the appointment of a replacement independent director.
- Verify that the resignation was not related to any undisclosed disagreements or operational issues.