Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 6, 2020, Altisource Portfolio Solutions S.A. (the "Registrant")
announced certain cost reduction measures to address potential impacts related
to the COVID-19 pandemic, including a 50% reduction of the cash compensation of
the non-management members of the Board of Directors.
On October 1, 2020, the Registrant approved the adjustment of the cash
compensation of the non-management members of the Board of Directors to 80% of
the pre-reduction cash compensation.
On December 22, 2021, the Registrant approved the adjustment of the cash
compensation of the non-management members of the Board of Directors to 100% of
the pre-reduction cash compensation effective December 1, 2021.
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