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Section 1: 8-K (8-K)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 


 

FORM 8-K

 


 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): May 9, 2017

 


 

Ladder Capital Corp

(Exact Name of Registrant As Specified In Its Charter)

 


 

Delaware
(State or Other Jurisdiction
of Incorporation)

 

001-36299
(Commission
File Number)

 

80-0925494
(IRS Employer
Identification No.)

 


 

345 Park Avenue, 8th Floor
New York, New York 10154
(Address of Principal Executive Offices, including Zip Code)

 

(212) 715-3170
(Registrant’s telephone number, including area code)

 

Not applicable
(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. x

 

 

 



 

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

 

On May 9, 2017, Howard Park resigned from the Board of Directors of Ladder Capital Corp (the “Company”), including all committees thereof, effective as of such date. The Company is extremely grateful to Mr. Park for his service to the Company and its stockholders.

 

The Company issued a press release regarding the foregoing on May 12, 2017, a copy of which is filed herewith as Exhibit 99.1 and incorporated herein by reference.

 

Item 9.01.                                        Financial Statements and Exhibits.

 

(d)                           Exhibits

 

Exhibit
No.

 

Description of Exhibit

99.1

 

Press Release

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Date: May 12, 2017

LADDER CAPITAL CORP

 

 

 

 

 

/s/ Marc Fox

 

Marc Fox
Chief Financial Officer

 

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Section 2: EX-99.1 (EX-99.1)

Exhibit 99.1

 

 

Ladder Announces the Resignation of Howard Park from Board of Directors

 

NEW YORK—(BUSINESS WIRE)—Ladder Capital Corp (“Ladder” or the “Company”) (NYSE:LADR) today announced that Howard Park of GI Partners has resigned from its Board of Directors, effective May 9, 2017.

 

Mr. Park commented “GI Partners is proud to have been a part of Ladder’s founding now nearly nine years ago. We’ve enjoyed an excellent partnership with Ladder and are pleased to have helped the Company grow into a leading public company focused on the commercial real estate market.  We remain a significant and supportive shareholder and wish the Ladder team the best with their continued success.”

 

GI Partners, a private investment firm managing $14 billion in capital commitments across private equity and real estate strategies, has been an investor in Ladder since the Company’s inception in October 2008.

 

Brian Harris, Ladder’s Chief Executive Officer, commented, “On behalf of Ladder and its Board of Directors, we thank Howard for his years of service and are grateful to both Howard and GI Partners for their contributions to Ladder’s development and continued growth.”

 

About Ladder

 

Ladder is an internally-managed real estate investment trust that is a leader in commercial real estate finance. Ladder originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. Ladder’s investment activities include: (i) direct origination of commercial real estate first mortgage loans; (ii) investments in investment grade securities secured by first mortgage loans on commercial real estate; and (iii) investments in net leased and other commercial real estate equity. Founded in 2008, Ladder is run by a highly experienced management team with extensive expertise in all aspects of the commercial real estate industry, including origination, credit, underwriting, structuring, capital markets and asset management. Led by Brian Harris, the Company’s Chief Executive Officer, Ladder is headquartered in New York City and has branches in Los Angeles and Boca Raton.

 

Ladder Investor Contact

 

Ladder Capital Corp Investor Relations

(917) 369-3207

investor.relations@laddercapital.com

 


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