SECURITIES AND EXCHANGE COMMISSION
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 16, 2022, Lindsay Menze tendered her resignation as Chief Financial Officer and Secretary of Chicago Atlantic Real Estate Finance, Inc. (the “Company”), effective as of the close of business on September 30, 2022. Ms. Menze’s resignation is for personal reasons and is not a result of any disagreement with the Company or on any matter relating to the Company’s operations, policies or practices. Ms. Menze will remain in each of her positions until her resignation becomes effective.
In connection with Ms. Menze’s resignation, on September 20, 2022, the Company’s Board of Directors appointed Phillip Silverman, the Company’s Controller, as Interim Chief Financial Officer and Secretary of the Company, effective as of the close of business on September 30, 2022. In this role, Mr. Silverman will serve as the Company’s principal financial officer and principal accounting officer, as such terms are used in the Securities and Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. The Company has commenced a search for a principal financial and/or accounting officer.
Mr. Silverman, 32, has served as Controller of the Company and as Chief Financial Officer at Chicago Atlantic Group, LLC since June 2021. Mr. Silverman has over ten years of accounting and finance experience with expertise in financial reporting, operations, and internal controls within the asset management industry. Prior to joining Chicago Atlantic Group, Mr. Silverman spent more than eight years with BDO USA LLP, where he most recently served as a Senior Manager in the Financial Services and Private Equity group, responsible for end to end execution of audits of private equity and venture capital funds, small business investment companies and business development companies and other asset managers.
Mr. Silverman holds a B.S. in Finance from Indiana University’s Kelley School of Business and is a Certified Public Accountant.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
|CHICAGO ATLANTIC REAL ESTATE FINANCE, INC.|
|Date: September 21, 2022||By:||/s/ Anthony Cappell|
|Title:||Chief Executive Officer|