SEC Filing Summary: Resource Capital Corp. (Form 8-K)
Business Context and Reporting Period
This Form 8-K was filed by Resource Capital Corp. on May 23, 2006. The filing serves as a Regulation FD disclosure regarding the effectiveness of a Registration Statement on Form S-11. Note: While the request metadata mentions "ACRES Commercial Realty Corp.", the filing text explicitly identifies the registrant as "Resource Capital Corp."
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses solely on a regulatory event regarding share resales.
Material Changes
- Registration Statement Effectiveness: The SEC declared the Company's Form S-11 Registration Statement effective on May 23, 2006.
- Share Resale: The statement covers the resale of 14,450,800 shares of common stock by selling stockholders.
- Origin of Shares: These shares relate to a private placement of 15,333,334 shares entered into in March 2005.
- Proceeds: The Company will not receive any proceeds from the sale of these shares; proceeds will go to the selling stockholders.
Guidance, Outlook, and Risks
The filing does not contain management guidance, future outlook, or specific risk factors beyond the standard disclosure that selling stockholders are permitted but not obligated to sell the shares. The primary contingency is the potential dilution or market impact from the resale of these shares by existing holders.
Key Facts for Investor Verification
- Verify the identity of the registrant (Resource Capital Corp.) versus the metadata provided (ACRES Commercial Realty Corp.).
- Confirm the number of shares available for resale (14,450,800) and the identity of the selling stockholders listed in the prospectus (Exhibit 99.1).
- Understand that this transaction generates no capital for the company.
- Review the press release (Exhibit 99.1) for details on the selling stockholders and any specific selling restrictions.