Business Context and Reporting Period
This Form 8-K Current Report was filed by TPG RE Finance Trust, Inc. (TRTX) on January 28, 2022. The filing discloses significant changes to the Company's executive leadership and board of directors.
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 filing reports the following material changes to corporate governance and management:
- Appointment of CEO: Doug Bouquard was appointed as Chief Executive Officer and elected as a director, effective April 25, 2022.
- Appointment of CAO: Brandon Fox was appointed as Chief Accounting Officer, effective January 28, 2022.
Management Commentary and Background
Doug Bouquard (New CEO): Prior to this appointment, Mr. Bouquard was a Managing Director at Goldman Sachs, responsible for U.S. Commercial Real Estate Debt within the Global Markets Division. He joined Goldman Sachs in 2004 and holds a B.A. from Colgate University.
Brandon Fox (New CAO): Mr. Fox has been a principal with TPG, Inc. since June 2021. Previously, he served as head of corporate accounting for Oaktree Capital Management (2019-2021) and held various finance and accounting roles at TPG Real Estate and Healthpeak Properties, Inc. He holds an MBA from the University of Chicago Booth School of Business and is a Certified Public Accountant (inactive).
The Company confirmed that these appointments were not made pursuant to any arrangement with other persons and that no reportable transactions exist between the new officers and the Company under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the effective dates of the new appointments (April 25, 2022 for CEO; January 28, 2022 for CAO).
- Review the attached press release (Exhibit 99.1) for additional details on the leadership transition.
- Confirm the absence of any undisclosed compensatory arrangements or family relationships as stated in the filing.