Business Context and Reporting Period
This Form 8-K is a current report filed by AG Mortgage Investment Trust, Inc. (Note: Request metadata lists "TPG Mortgage Investment Trust, Inc.", but the filing text identifies the registrant as "AG Mortgage Investment Trust, Inc."). The report date is March 16, 2012, covering the announcement of a change in the Board of Directors.
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 corporate governance changes.
Material Changes
John Angelo, Chairman of the Board and Executive Chairman, announced he will not stand for re-election at the 2012 annual meeting of stockholders, expected on or about May 18, 2012. He will continue to serve until his term expires on that date. The departure is attributed to time constraints and other board obligations, not any disagreement with the Company or issues regarding operations, policies, or practices.
Guidance, Outlook, and Risks
Mr. Angelo will continue his role as Chief Executive Officer of Angelo, Gordon & Co, L.P., an affiliate of the Company, and will remain involved in the activities of the Company's external manager. The Board expressed appreciation for Mr. Angelo's service. No financial guidance, outlook, or specific risk factors were disclosed in this filing.
Key Facts for Investor Verification
- John Angelo will not seek re-election as a director at the 2012 annual meeting.
- The departure is voluntary and unrelated to any disagreement with the Company.
- Mr. Angelo retains his position as CEO of the affiliate, Angelo Gordon & Co, L.P.
- The 2012 annual meeting is expected to occur on or about May 18, 2012.