Brandon Hill

About Brandon Hill

Brandon Hill, age 39, was appointed to become Chief Financial Officer and Treasurer of CMCT, effective immediately after the resignation of his predecessor at the closing of CMCT’s lending division sale; he previously served as 1st Vice President – Fund Accounting & Reporting at CIM Group, L.P. (since March 2022) and earlier as Vice President – Financial Reporting (2018–2022) . The company disclosed no arrangements or understandings pursuant to which Mr. Hill was selected, no family relationships with directors or executive officers, and no related-party transactions requiring disclosure under Item 404(a) in connection with his appointment . While Hill’s CMCT-specific compensation terms are not yet disclosed, context on company performance shows significant losses and weak TSR in recent years, important for assessing future pay-for-performance alignment once terms are formalized (see table below) .

Company performance context (Pay vs Performance disclosure):

Past Roles

External Roles

• None disclosed beyond roles at CIM Group, L.P.

Fixed Compensation

• As of the latest filings, CMCT has not disclosed Mr. Hill’s base salary, target bonus, or cash compensation terms; the 8-K announcing his appointment contained no compensatory arrangements .
• Context: CMCT’s prior CFO (Barry N. Berlin) had an Executive Employment Agreement providing a minimum annual salary of $350,000 (paid by an affiliate, with company reimbursement policies), but these terms relate to Mr. Berlin and should not be assumed for Mr. Hill .

Performance Compensation

• No disclosure yet of equity awards (RSUs/PSUs), option grants, performance metrics, weighting, targets, or payout mechanics for Mr. Hill .
• Company-level 2024 disclosure indicates no equity grants and no outstanding equity awards for named executive officers in 2024 (applies to the period before Hill’s appointment) .
• Hedging/pledging policy: CMCT prohibits hedging and short sales; pledging is permitted only with approval of a company-designated attorney—relevant for any future equity holdings by Mr. Hill .

Equity Ownership & Alignment

• No beneficial ownership by Mr. Hill is disclosed in the 2025 proxy (record date prior to his appointment announcement); he is not listed in the beneficial ownership table for directors and named executive officers as of that date .
• Policies impacting alignment and potential selling pressure:
  • Hedging prohibited; pledging allowed only with approval, which can mitigate hedging-related misalignment but still permits pledging under controlled circumstances .
• No Form 4 transactions or vesting schedules for Mr. Hill are disclosed in the reviewed filings; monitor initial Form 3/4 after his start date for insider ownership and selling cadence .

Employment Terms

• Appointment and background: Mr. Hill will assume CFO and Treasurer roles effective immediately after the prior CFO’s resignation at the closing of the lending division sale; there were no arrangements or understandings pursuant to which he was selected, and no family relationships or related-party transactions requiring disclosure were reported .
• No employment agreement, severance, or change‑of‑control terms for Mr. Hill have been disclosed to date in the reviewed filings .
• Reference point (prior CFO, not necessarily applicable to Hill): Mr. Berlin’s Executive Employment Agreement provided severance equal to one year of base salary if terminated without cause, specified disability and death benefits, and a minimum salary of $350,000; these terms were specific to Mr. Berlin .
• Transition note: Mr. Berlin’s resignation is tied to the lending division transaction; his separation agreement and company communications describe the change but do not specify Hill’s compensation .

Investment Implications

• Pay-for-performance visibility is limited pending disclosure of Mr. Hill’s compensation package. Given weak recent TSR and net losses, close scrutiny of any new incentive design (metrics, weightings, and vesting) will be critical to align with shareholder value creation .
• Externally managed structure and historical practice where CFO cash compensation was paid by an affiliate with selective reimbursement may persist; clarity on how (or if) Mr. Hill’s comp flows through CMCT will impact transparency and investor assessment of alignment .
• Insider selling pressure unknown until initial ownership filings; the company’s strict hedging prohibition and controlled pledging policy mitigate some alignment risks, but pledging remains possible with approval .
• Near-term watch items: (1) Closing of the lending division sale to trigger Hill’s effective start; (2) Subsequent Form 3/4 filings for ownership and potential sale pressure; (3) Any 8‑K or proxy supplement detailing Mr. Hill’s employment agreement, severance/CoC terms, and equity awards; (4) 2026 proxy for full-year compensation disclosure .