Shepherd's Finance, LLC 8-K

What Happened

• Shepherd's Finance, LLC filed an 8-K (accession 0001493152-26-009104) reporting that Ted Westwood resigned as Chief Financial Officer effective March 2, 2026.
• On March 4, 2026 the Board of Managers appointed Catherine Leslie to resume her prior CFO duties in addition to her role as Director of the company’s accounting division. The filing was signed March 6, 2026 by CEO Daniel M. Wallach.

Key Details

• Resignation effective date: March 2, 2026 (Ted Westwood).
• Appointment date: March 4, 2026 (Catherine Leslie).
• Approved compensation for remainder of 2026 fiscal year: annual base salary of $185,000, bonus opportunities tied to individual and company goals, and certain employee benefits.
• Compensation approval was made by the Compensation Committee and members holding at least 60% of votes eligible to be cast by the then-outstanding Voting Units.

Why It Matters

• A CFO change affects who oversees financial reporting, accounting controls and investor communications; investors should note the rapid replacement and that the new CFO is already a company executive.
• The disclosed pay package and approval process give insight into near-term cost and governance (base salary, bonus structure, and member vote threshold).
• No financial results or other material transactions were reported in this filing; it focuses solely on the leadership change and related compensation.