Item 5.02. Appointment of a Director
Effective December 27, 2019, Robert Dika was appointed as a director of Santa Fe
Financial Corporation (the "Company") to serve until his successor is duly
elected and qualifies. The Board of the Company has determined that Mr. Dika
qualifies as an independent director under SEC and Nasdaq Rules. Mr. Dika is
qualified to serve as a director due to his vast experience as a CFO. Mr, Dika
will be compensated according to the Company's compensation standards for
independent directors.
Mr. Dika is a senior finance and operations leader with a proven track record of
guiding companies to profit growth, with extensive accomplishments in the
Mid-Cap, Multinational, and Fortune 500 segments. He leverages professional
experience in finance, accounting, corporate development, strategy, and
operations to strengthen financial performance. Mr. Dika has managed various
mergers and acquisitions involving companies in the food, warehousing, biotech,
and textile industries. He has directed multiple corporate divestitures,
including agricultural land, industrial real estate, and companies in the food,
warehousing, transportation, floral, and hospitality industries. He has
spearheaded billions of dollars of real estate developments, including food
processing facilities, luxury hotels, shopping malls, airport facilities, and
research campuses. Since January 2018, he has served as CFO of United Melon
Distributors, Inc. He was CFO and COO of Dr. Schulze's American Botanical
Pharmacy, Inc. Los Angeles, California, from April 2017 to January 2018, CFO of
Pegasus Foods, Inc. Los Angeles, California, from March 2016 to April 2017 and
CFO of Fantasy Cookie, Co. from February 2014 to November 2015. Before that, he
served in various capacities with Dole Food Company, Inc. and as a senior
accountant, auditor, and analyst at Warner Bros. and accounting firms.
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