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CLNY > SEC Filings for CLNY > Form 8-K on 28-Mar-2014All Recent SEC Filings

Show all filings for COLONY FINANCIAL, INC.

Form 8-K for COLONY FINANCIAL, INC.


28-Mar-2014

Entry into a Material Definitive Agreement, Financial Statements and Exhib


Item 1.01 Entry into a Material Definitive Agreement.

On March 24, 2014, Colony Financial, Inc. (the "Company") and Colony Capital, LLC ("Colony Capital") entered into an amendment to the Amended and Restated Secondment Agreement (the "Secondment Agreement") pursuant to which Darren J. Tangen is seconded exclusively to the Company by Colony Capital. The Secondment Agreement was amended solely to increase the Company's maximum obligation to reimburse Colony Capital for Mr. Tangen's base salary from $29,167 per month, or $350,000 annually, to $33,333 per month, or $400,000 annually. Other than as described in the foregoing sentence, all other terms of the Secondment Agreement remain unchanged.

A copy of the amendment to the Secondment Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.       Description

10.1              Amendment No. 1, dated as of March 24, 2014, to the Amended and
                  Restated Secondment Agreement by and between Colony Financial,
                  Inc. and Colony Capital, LLC


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