Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 19, 2021, the board of directors (the “Board”) of the FS Credit Real Estate Income Trust, Inc. (the “Company”) appointed Ryan N. Boyer as a new director, effective as of the same date. Mr. Boyer serves as an independent director and was appointed to serve for a term expiring at the Company’s 2022 annual meeting of stockholders.
Mr. Boyer has not been elected to serve as a member of the Board pursuant to any agreement or understanding with the Company or any other person and does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Mr. Boyer will receive director compensation in accordance with the Company’s independent director compensation plan.
Set forth below is Mr. Boyer’s biographical information:
Ryan N. Boyer is a lifelong Philadelphia resident. After graduating from Roxborough High School in 1989, Ryan received a full academic scholarship to West Chester University, where he majored in Business Management. Upon graduation, he began working for BRIJTS, Inc. a real estate investment company that focused on rehabbing and selling residential properties to rejuvenate and beautify neighborhoods across Philadelphia. In 1995, Ryan joined Laborers’ Local 332 as a journeymen laborer. In 2000, he rose to the position of assistant to the Secretary-Treasurer and, in July 2003, Ryan became Secretary-Treasurer of Local 332, a union of almost 3000 members. In that capacity, Ryan oversaw an annual budget of over 2 million dollars and negotiated labor contracts on behalf of his membership. Since August of 2008, Ryan has been the Business Manager of the Laborers District Council of the Metropolitan Area of Philadelphia and Vicinity, the parent body of four local unions with over 6,000 members. In this capacity, Ryan negotiates contracts, oversees contract compliance, and is a Trustee of the union’s pension, training, and health and welfare funds to ensure that all member unions comply with the rules and regulations that govern their existence. Ryan currently serves on several boards and commissions including, Philadelphia Workforce Investment Board (Philly Works), the Philadelphia Jobs Commission and the City of Philadelphia Tax Review Board.
In September of 2014, Ryan was elected President of the Coalition of Black Trade Unionists (CBTU), Southeastern Pennsylvania Chapter. The CBTU is a constituency group under the AFL-CIO that is dedicated to ensuring that proper diversity and inclusion exist within the union movement and to mentor and train young minorities to assume leadership roles in their respective unions.
In 2015, Ryan was appointed by Governor Tom Wolf to serve as Chair of the 16 Member Board of Commissioners that oversees operations of the bi-state Delaware River Port Authority (DRPA), where he served until 2021. The Delaware River Port Authority of Pennsylvania and New Jersey is a regional transportation agency that serves as steward of the Ben Franklin, Walt Whitman, Commodore Barry and Betsy Ross Bridges, as well as the PATCO High Speed Transit Line, on behalf of the community. The DRPA serves as a major economic driver for the region, facilitating commerce and transporting workers between South Jersey and Philadelphia. Under his leadership, the DRPA expanded its aggressive Capital Improvement Campaign, improved its standing with the major bond rating agencies, and held bridge tolls steady.
Ryan is extremely active in the Philadelphia civic and non-profit community and has been an outspoken proponent of efforts to reduce violence, expand economic opportunity and improve the conditions of youth across the region.
Ryan and his wife Farida live in Philadelphia and have 5 children.
