Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 28, 2021, Mr. Francis X. Gallagher, Jr., Chairman of the board of
directors of MMA Capital Holdings, Inc. (the "Company"), announced his
resignation as a member the board of directors (the "Board"), and as a member of
the Audit, Compensation and Governance Committees effective upon the Board
naming his replacement as Chairman.
On March 3, 2021, the Board held a special meeting and named Mr. Michael L.
Falcone to the position of Chairperson of the Board and Mr. J.P. Grant III as
lead independent director. Mr. Gallagher's board seat will remain vacant until
such time as the Board elects a new member or chooses to eliminate the seat.
Mr. Gallagher confirmed that his resignation was for personal reasons and did
not result from any disagreement with the Company or its auditors on any matter
relating to the Company's operations, policies or practices, including its
internal controls or financial matters.
In addition to the board updates, upon recommendation of the external manager,
Hunt Investment Management, LLC, the Board has confirmed Mr. Gary A. Mentesana
as Chief Executive Officer. Mr. Mentesana will retain his additional titles of
Chief Operating Officer and President of the Company.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number Description of Exhibit
99.1 Press Release, dated March 4, 2021
104 Cover Page Interactive Data File (formatted as Inline XBRL)
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MMA CAPITAL HOLDINGS, INC. 