Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
OnNovember 30, 2021 , theNew York Stock Exchange (the "NYSE") notifiedAltisource Asset Management Corporation (the "Company") that it was halting trading in the Company's common stock as it had regulatory concerns about the Company's compliance with the NYSE American's continued listing standards. While the trading halt is in place, the Company understands that its common stock cannot be traded on any other exchange or in the over-the-counter market.
Item 5.02. Compensatory Arrangements of Certain Officers
OnDecember 30, 2021 , the Board of Directors (the "Board") of the Company extended the term ofThomas McCarthy's employment as interim Chief Executive Officer to the earlier ofMarch 31, 2022 or until a permanent Chief Executive Officer is appointed. In connection with the extension, the Company andMr. McCarthy amended the employment agreement datedAugust 16, 2021 (the "Employment Agreement") to reflect the extension. The remaining terms ofMr. McCarthy's Employment Agreement remain the same.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within
the Inline XBRL document).
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