Business Context and Reporting Period
Alpine Income Property Trust, Inc. filed a Form 8-K dated March 27, 2024, reporting a management change under Item 5.02. The company is a Maryland real estate investment trust whose common stock trades on the New York Stock Exchange under the symbol PINE.
Material Management Change
Lisa M. Vorakoun, age 40, was appointed Interim Chief Financial Officer and Treasurer, effective April 1, 2024. She will serve while the Board of Directors conducts a formal search for a permanent Chief Financial Officer and Treasurer.
Ms. Vorakoun continues to serve as Vice President and Chief Accounting Officer of Alpine and CTO Realty Growth, Inc., roles she has held since August 2020. She previously held controller and accounting positions at CTO and began her career in public accounting.
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other financial performance metrics.
Guidance, Outlook, Risks, and Unusual Items
- The Board’s formal search for a permanent Chief Financial Officer and Treasurer is ongoing; the filing does not state a target completion date.
- The filing reports no arrangements or understandings with other persons relating to Ms. Vorakoun’s appointment.
- The filing reports no family relationships with the company’s directors or executive officers and no related-party transaction requiring disclosure under Item 404(a) of Regulation S-K.
Key Facts for Investors to Verify
- Confirm the effective date of the interim appointment: April 1, 2024.
- Monitor subsequent filings for the appointment of a permanent Chief Financial Officer and Treasurer.
- Assess whether the leadership transition affects financial reporting, internal controls, or future guidance; this 8-K does not address those matters.