Ladder Capital Corp (NYSE:LADR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.

On June22, 2017, Ladder Capital Corp (Ladder) announced that
Michael Mazzei will be retiring as President of Ladder and
joining the Board of Directors and its Risk and Underwriting
Committee, effective immediately. Pamela McCormack will be
promoted from Chief Operating Officer to President.

Ms.McCormack is a Co-Founder of Ladder and was appointed as
General Counsel of Ladder at its formation in October2008 and was
subsequently also appointed as Co-Head of Securitization in 2010,
Chief Strategy Officer in 2014 and Chief Operating Officer in
March2016. Ms.McCormack has more than 20 years of experience in
commercial real estate finance.

In connection with Mr.Mazzeis retirement as President, Ladder
Capital Finance LLC, a subsidiary of Ladder, and Mr.Mazzei
entered into a separation agreement, dated June22, 2017 (the
Separation Agreement). to the Separation Agreement, Mr.Mazzei was
appointed as a ClassIII director of Ladder and, subject to
certain exceptions, Mr.Mazzeis unvested stock and stock options
will continue to vest as they would have had he continued to be
employed with Ladder as long as he continues to serve on the
Board of Directors. Such unvested stock and stock options will
not be subject to the original retirement eligibility date
provided for in his employment agreement. Mr.Mazzei will be
entitled to any earned but unpaid portion of his base salary and
reimbursement for certain expenses but will not receive any
additional severance payments or pro rata bonus for 2017.
Mr.Mazzei will be entitled to receive healthcare benefits
consistent with what he would have received under his employment
agreement for a period of one year.

The Separation Agreement also includes non-compete and
non-solicitation provisions customary for agreements of this
type, through February2020 and August2020, respectively, subject
to certain exceptions. Mr.Mazzei executed a general release in
favor of Ladder. The foregoing summary of the Separation
Agreement is qualified in its entirety by reference to the actual
agreement, a copy of which is filed herewith as Exhibit10.1 and
incorporated by reference herein.

The Company issued a press release regarding the foregoing on
June22, 2017, a copy of which is filed herewith as Exhibit99.1
and incorporated by reference herein.

Item 9.01. Financial Statements and
Exhibits.

(d) Exhibits

Ladder Capital Corp Exhibit
EX-10.1 2 a17-15631_1ex10d1.htm EX-10.1 Exhibit 10.1   Execution Copy   SEPARATION AGREEMENT   THIS SEPARATION AGREEMENT (this “Agreement”),…
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About Ladder Capital Corp (NYSE:LADR)

Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment comprises all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities. The real estate segment includes net leased properties, office buildings, a warehouse and condominium units. The Company invests primarily in loans, securities and other interests in the United States commercial real estate, with a focus on senior secured assets. The Company owns approximately 100 single tenant net leased properties. In addition, the Company owns approximately 30 other properties.