UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): December 30, 2020
(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code: (310 ) 282-8820
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Securities registered pursuant to Section 12(b) of the Act:
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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 ☐
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||||
On December 30, 2020, Neale W. Redington resigned from all positions he held with Colony Credit Real Estate, Inc. (the “Company”), including his positions as Chief Financial Officer and Treasurer of the Company, effective January 1, 2021, in order to pursue other opportunities at Colony Capital, Inc. (“Colony Capital”).
On December 31, 2020, the Board of Directors (the “Board”) of the Company unanimously approved the appointment of Frank V. Saracino as Chief Financial Officer and Treasurer of the Company, effective January 1, 2021. Mr. Saracino will continue in his role as Chief Accounting Officer of the Company.
The following is a brief biographical summary for Mr. Saracino:
Frank V. Saracino, age 54, serves as the Company’s Chief Financial Officer, Chief Accounting Officer and Treasurer, having served as the Company’s Chief Accounting Officer since November 2018. Mr. Saracino also serves as Managing Director at Colony Capital where he is responsible for the financial accounting and reporting for certain Colony Capital managed real estate investment trusts and vehicles as Chief Financial Officer, which he has performed since August 2015. Prior to joining a predecessor of the Colony Capital business in 2015, Mr. Saracino was a Managing Director with Prospect Capital Corporation where he served from inception as Chief Financial Officer of its real estate investment trust subsidiaries and registered closed-end investment companies. From 2008 to 2012, Mr. Saracino was a Managing Director and America’s co-head of finance at Macquarie Group, and 2004 to 2008 he was Chief Accounting Officer of eSpeed, Inc., a publicly-traded subsidiary of Cantor Fitzgerald. Mr. Saracino started his career at Coopers & Lybrand where he earned a CPA, and subsequently worked in corporate finance at Deutsche Bank. Mr. Saracino holds a Bachelor of Science degree from Syracuse University.
SIGNATURE
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: January 5, 2021 | COLONY CREDIT REAL ESTATE, INC. | |||||||
| By: | /s/ David A. Palamé | |||||||
| Name: | David A. Palamé | |||||||
| Title: | General Counsel & Secretary | |||||||