Resource Capital Corp. (NYSE:RSO) Files An 8-K Results of Operations and Financial Condition

Resource Capital Corp. (NYSE:RSO) Files An 8-K Results of Operations and Financial Condition

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ITEM 2.02 Results of Operations and Financial Condition.

On May 9, 2017, Resource Capital Corp. (the “Company”) issued a
press release regarding its operating results for the
three>months ended March 31, 2017. A copy of this press
release is furnished with this report as an exhibit (Exhibit
99.1). The information in this Current Report, including the
exhibit hereto, is to be considered “furnished” to Form 8-K and
shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject
to the liabilities of that Section. The information in this
Current Report shall not be incorporated by reference into any
registration statement or other document to the Securities Act of
1933, as amended.
ITEM 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Effective May 7, 2017, Matthew J. Stern, age 43, was appointed as
President of the Company. Mr. Stern has served as Executive Vice
President of Resource America, Inc. since September 2016. Mr.
Stern also serves as a Senior Managing Director of Island Capital
Group (Island Capital) and C-III Capital Partners LLC (C-III)
and, since April 2010, has focused primarily on mergers and
acquisitions, corporate finance and business development
activities. Prior to joining Island Capital and C-III in 2010,
Mr. Stern served as Managing Director of Centerline Capital
Groups (NASDAQ: CLNH) (Centerline and now Hunt Mortgage Group)
investment banking and corporate finance groups, where he had
primary responsibility for Centerlines mergers and acquisitions
and corporate finance functions from 2006 to 2010. Before joining
Centerline, Mr. Stern worked in the Global Mergers Acquisitions
Group of Lehman Brothers Holdings Inc. from 2003 to 2006, working
primarily on mergers and acquisitions, capital markets and
corporate finance transactions.
Effective May 7, 2017, Robert C. Lieber resigned as President of
the Company but he continues to serve as Chief Executive Officer.
A copy of the press release regarding Mr. Sterns appointment as
President of the Company is attached hereto as Exhibit 99.2 and
shall be considered furnished to Form 8-K and shall not be deemed
filed for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities
under that Section.
ITEM 9.01 Financial Statements and Exhibits.
(d)
The exhibits furnished as part of this report are
identified in the Exhibit Index immediately following the
page of this report. Such Exhibit Index is incorporated
herein by this reference.
(S)


About Resource Capital Corp. (NYSE:RSO)

Resource Capital Corp. is a real estate finance company. The Company invests in asset classes, which include commercial real estate-related assets, residential real estate-related assets and commercial finance assets. Its investments in commercial real estate-related assets include first mortgage loans (referred as whole loans); first priority interests in first mortgage loans; subordinated interests in first mortgage loans, and commercial mortgage-backed securities. Its investments in residential real estate-related assets include residential mortgage loans and mortgage-backed securities. Its investments in commercial finance assets include middle-market secured corporate loans and preferred equity investments; asset-backed securities backed by senior secured corporate loans; debt tranches of collateralized debt obligations and collateralized loan obligations, and senior secured corporate loans (referred as bank loans). It is externally managed by Resource Capital Manager, Inc.

Resource Capital Corp. (NYSE:RSO) Recent Trading Information

Resource Capital Corp. (NYSE:RSO) closed its last trading session down -0.08 at 9.46 with 405,205 shares trading hands.

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