SEC Filing Summary: Resource Capital Corp.
Business Context and Reporting Period
This Form 8-K was filed by Resource Capital Corp. on November 2, 2009. The filing serves two primary purposes: reporting the results of operations for the three and nine months ended September 30, 2009, and correcting an inadvertent omission from the prior Form 10-Q regarding stockholder voting results.
Key Financial Metrics
The filing references a press release (Exhibit 99.1) containing detailed financial results for the periods ended September 30, 2009. However, the text of this 8-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The filing explicitly states that the information is furnished and not deemed "filed" for liability purposes under Section 18 of the Exchange Act.
Material Changes and Corporate Governance
The filing discloses the results of the Annual Meeting of Stockholders held on June 9, 2009, which were omitted from the June 30, 2009, Form 10-Q. Stockholders voted to re-elect seven directors for one-year terms expiring in 2010. The voting results were as follows:
- Walter T. Beach: 23,336,819 for; 498,124 withheld.
- Edward E. Cohen: 23,233,790 for; 601,153 withheld.
- Jonathan Z. Cohen: 23,381,843 for; 453,100 withheld.
- William B. Hart: 23,285,037 for; 549,906 withheld.
- Gary Ickowicz: 23,385,503 for; 449,440 withheld.
- Murray S. Levin: 23,134,735 for; 700,208 withheld.
- P. Sherrill Neff: 23,190,422 for; 644,521 withheld.
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, forward-looking guidance, or a discussion of risks and contingencies. It directs readers to the attached press release for operational results. No unusual items are described within the body of this report.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99.1) for specific revenue, earnings, and cash flow figures for the three and nine months ended September 30, 2009.
- Verify the corrected stockholder voting data against the original June 30, 2009, Form 10-Q to confirm the omission has been addressed.
- Note that the financial data in this 8-K is furnished, not filed, and may not be incorporated by reference into other registration statements.