Altisource Asset Management Corporation Reports A Stock Dividend In Lieu Of A Stock Split And Appointment Of Richard Rodick As New CFO, Succeeds Previous CFO Stephen Krallman, Who Is Resigning From His Role Effective September 14, 2023
Portfolio Pulse from Benzinga Newsdesk
Altisource Asset Management Corporation (AAMC) has announced a 70% stock dividend in lieu of a previously reported 2 for 1 stock split. The move is aimed at achieving compliance with the NYSE's listing requirement of a minimum level of 1,100,000 publicly held shares. The company also announced the appointment of Richard Rodick as the new CFO, succeeding Stephen Krallman who is resigning effective September 14, 2023.
September 08, 2023 | 9:04 pm
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POSITIVE IMPACT
AAMC's decision to issue a 70% stock dividend instead of a stock split could potentially increase the stock's liquidity and attractiveness to investors. The appointment of Richard Rodick as CFO could bring new strategic direction to the company.
The decision to issue a 70% stock dividend instead of a stock split could potentially increase the stock's liquidity and attractiveness to investors, which could drive up the stock price in the short term. The appointment of a new CFO often signals a potential change in strategic direction, which could also impact the stock price depending on investor sentiment towards the new CFO.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100