Altisource Asset Management Corporation Terminates Chief Executive Officer
The Board expects to promptly commence a search for its next Chief Executive Officer and has appointed Mr.
“This is an unfortunate situation, but we believe we have taken the appropriate action based on the findings of the independent inquiry. We remain committed to developing new businesses. Our team remains otherwise intact, and we do not expect this event to impede our efforts nor the company’s future success,” stated Governor
AAMC is an asset management company that provides portfolio management and corporate governance services to investment vehicles. Additional information is available at www.altisourceamc.com.
Statements in this press release, or made by officers, directors or authorized persons of the Company, concerning the search process for a new President and Chief Executive Officer and the timing of that search as well as the Company’s implementation of new business initiatives are forward-looking statements under the safe-harbor provisions of the federal securities laws. The actual results and timing of the search process may differ possibly materially from that contemplated by those statements due to, among other things, the ability of the Board to find eligible candidates, delays due to the COVID-19 pandemic, the performance of the Company and the other factors set forth under Item 1A Risk Factors in the Company’s Annual Report on Form 10-K for the year ended
The statements made in this press release are current as of the date of this press release only. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, whether as a result of new information, future events or otherwise.
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Source: Altisource Asset Management Corporation