UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
September 3, 2019
READY CAPITAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Maryland | | 001-35808 | | 90-0729143 |
(State or Other Jurisdiction
Of Incorporation) | | (Commission File Number) | | (IRS Employer
Identification No.) |
1251 Avenue of the Americas,
50th Floor
New York, NY 10020
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (212) 257-4600
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common Stock, $0.0001 par value per share | | RC | | New York Stock Exchange |
7.00% Convertible Senior Notes due 2023 | | RCA | | New York Stock Exchange |
6.50% Senior Notes due 2021 | | RCP | | New York Stock Exchange |
6.20% Senior Notes due 2026 | | RCB | | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 1.01 Entry into a Material Definitive Agreement.
On September 3, 2019, Ready Capital Corporation (the “Company”), in connection with a periodic review of its existing form indemnification agreement, entered into an updated indemnification agreement (the “Indemnification Agreement”) with each of its directors and certain officers. The Indemnification Agreement, among other things, provides that the Company will indemnify the director or officer party thereto to the maximum extent permitted by Maryland law, including indemnification of expenses such as attorneys’ fees, judgments, penalties, fines and settlement amounts incurred by such director or officer in any action or proceeding, including any action or proceeding by or in the right of the Company, arising out of his or her service as a director or an officer. The Indemnification Agreement contains customary terms and conditions and establishes certain customary procedures and presumptions.
The foregoing summary of the Indemnification Agreement is qualified in its entirety by reference to the form of Indemnification Agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by reference thereto.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Ready Capital Corporation |
| |
| |
| By: | /s/ Andrew Ahlborn |
| Name: | Andrew Ahlborn |
| Title: | Chief Financial Officer |
Dated: September 9, 2019
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