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STWD > SEC Filings for STWD > Form 8-K on 8-May-2014All Recent SEC Filings

Show all filings for STARWOOD PROPERTY TRUST, INC.



Change in Directors or Principal Officers, Financial Statements and

Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 6, 2014, Perry Stewart Ward resigned as Chief Financial Officer, Treasurer and Principal Financial Officer of Starwood Property Trust, Inc., a Maryland corporation (the "Company"), effective as of May 7, 2014. On May 6, 2014, the Board of Directors of the Company appointed Rina Paniry to succeed Mr. Ward as the Company's Chief Financial Officer, Treasurer and Principal Financial Officer, effective as of May 7, 2014. The Company issued a press release on May 6, 2014 announcing this appointment, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Ms. Paniry, age 40, will be employed by an affiliate of SPT Management, LLC, the Company's external manager (the "Manager"). Ms. Paniry has served as the Chief Financial Officer of LNR Property LLC, a wholly-owned subsidiary of the Company ("LNR"), since 2013 and prior to that served as Chief Accounting Officer of LNR since 2006. Prior to joining LNR, Ms. Paniry spent 11 years at Deloitte & Touche in numerous roles.

There are no arrangements or understandings between Ms. Paniry and any other persons pursuant to which she was selected as Chief Financial Officer, Treasurer and Principal Financial Officer. There are also no family relationships between Ms. Paniry and any director or executive officer of the Company, and Ms. Paniry has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. See the information disclosed under the heading "Certain Relationships and Related Party Transactions" in the Company's definitive proxy statement filed with the Securities and Exchange Commission on March 31, 2014 for a description of certain relationships between the Company and the Manager.

In connection with Ms. Paniry's appointment as Chief Financial Officer, Treasurer and Principal Financial Officer, Ms. Paniry received a grant under the Company's Equity Plan of 14,547 restricted shares of the Company's common stock, with such shares vesting in equal quarterly installments over a three-year period beginning on June 30, 2014.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release, dated May 6, 2014.

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