LM Funding America Inc (LMFA)

[cjstocksup]

I also like that Frank Silcox is back as LMFA CEO. He founded the company and it reminds me of when Steve Jobs went back to Apple he made it great again. His bio and investments are very impressive.

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



Effective January 25, 2021, Martin A. Traber resigned as a member of the board of directors of the Company (the “Board”) and became a director of LMF Acquisition. Mr. Traber’s resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices.



On January 29, 2021, the Board appointed Frank Silcox, effective immediately, to serve as a director to fill the vacancy resulting from Mr. Traber’s resignation. Mr. Silcox was appointed as a “Class III” director for a term that ends at the 2022

2

4842-1573-2696.1



annual meeting of stockholders. Mr. Silcox was also appointed to serve on the Compensation Committee and Nominating and Governance Committee of the Board.



Mr. Silcox, age 57, was the original founder of the Company in January 2008 and thereafter ceased to be an equity holder and management member in 2014. Since March 2015, Mr. Silcox has been a partner with Osprey Capital, a private commercial real estate lender and equity investor, and since March 2015, Mr. Silcox has been Managing Director of Osprey Capital. Mr. Silcox has over 30 years of experience in the commercial mortgage banking business with particular expertise in the development of, and investment in, multi-family housing and condominium projects throughout Florida and the Southeast. Also since 2014, Mr. Silcox has made investments through FS Ventures, LLC, his personal investment firm which owns a diversified investment portfolio of investments primarily in real estate. As a principal investor, Mr. Silcox has held ownership interests in over ten (10) real estate projects with individual costs exceeding $15,000,000 and total costs exceeding $300,000,000. Mr. Silcox is a 1985 graduate of the University of Tampa.

https://ih.advfn.com/stock-market/NASDAQ/lm-funding-america-LMFA/stock-news/84207740/current-report-filing-8-k