On May 8, 2023, Sachem Capital Corp. announced the departure of John E. Warch, its Chief Financial Officer effective as of May 4, 2023. In connection therewith, Mr. Warch was relieved of all his duties with the Company.

The Board of Directors of the Company appointed John L. Villano, CPA, the company's Chief Executive Officer, as interim Chief Financial Officer until the Company hires a new chief financial officer to replace Mr. Warch.