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Starwood Property Trust (STWD) names president to board as long-time director exits

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Starwood Property Trust, Inc. reported changes to its Board of Directors effective August 10, 2026. The Board appointed Jeffrey F. DiModica, age 59, to serve as a director and as a member of the Board’s Investment Committee. DiModica has served as President of the company since 2014 and is a member of the investment committee for each of Starwood’s business lines, which collectively have approximately $31 billion of assets under management. He previously served as a director from the company’s inception in 2009 until July 2014 and has an extensive investment banking background.

The company stated that DiModica will not receive compensation for his Board service and will not be considered an independent director because of his role as President. On the same date, Jeffrey G. Dishner resigned from the Board and its Investment Committee after serving since 2009; the company noted that his resignation did not involve any disagreement regarding operations, policies, or practices.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Assets under management $31 billion Collective AUM of the company’s business lines led by DiModica
President tenure start 2014 Year Jeffrey F. DiModica became President of the company
Director service period, Dishner 17 years Approximate duration of Jeffrey G. Dishner’s Board service since 2009
Age of Jeffrey F. DiModica 59 Age of the newly appointed director and President
MBA graduation year 1993 Year DiModica received an M.B.A. from the Amos Tuck School at Dartmouth College
Investment Committee financial
"will also serve as a member of the Investment Committee of the Board"
An investment committee is a small group of experienced people who set the rules and make the key decisions about what investments to buy, hold, or sell for a fund, pension, or portfolio. Think of them as the steering team that balances goals, potential returns and risk—their choices shape how much money investors are likely to gain or lose and provide consistent oversight so decisions aren’t made impulsively.
assets under management financial
"business lines, including Large Loan Lending ... which collectively have approximately $31 billion of assets under management"
Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.
independent director regulatory
"He will not be considered an independent director due to his position as the President of the Company"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Chartered Financial Analyst financial
"He received his Chartered Financial Analyst designation in 1995"
A Chartered Financial Analyst (CFA) is a professional credential awarded to people who pass a series of demanding exams and meet work and ethical requirements in investments and financial analysis. For investors, a CFA serves like a certified mechanic for money — a signal that the adviser or manager has tested knowledge, a disciplined approach, and an ethical commitment, which can make investment advice and portfolio decisions more trustworthy.

FAQ

What board change did Starwood Property Trust (STWD) announce on August 10, 2026?

Starwood Property Trust appointed Jeffrey F. DiModica to its Board of Directors and Investment Committee, and Jeffrey G. Dishner resigned from the Board and Investment Committee, effective August 10, 2026.

What is Jeffrey F. DiModica’s role and experience at Starwood Property Trust (STWD)?

Jeffrey F. DiModica has been President of Starwood Property Trust since 2014 and sits on the investment committees of all business lines, which manage about $31 billion of assets under management, bringing extensive commercial real estate and investment banking experience.

Will Jeffrey F. DiModica be considered an independent director at STWD?

No. The company states that Jeffrey F. DiModica will not be considered an independent director because he serves as the President of Starwood Property Trust, creating an affiliated relationship with the company’s management.

Will Jeffrey F. DiModica receive compensation for serving on Starwood Property Trust’s Board?

Starwood Property Trust reports that Jeffrey F. DiModica will not receive compensation for his service on the Board of Directors, despite also serving on the Board’s Investment Committee effective August 10, 2026.

Did Jeffrey G. Dishner resign from the STWD Board due to a disagreement with the company?

No. The company states that Jeffrey G. Dishner’s resignation from the Board and Investment Committee effective August 10, 2026 did not involve any disagreement regarding operations, policies, or practices.

How long did Jeffrey G. Dishner serve on the Starwood Property Trust (STWD) Board?

Jeffrey G. Dishner served as a Board member since the company’s inception in 2009. Starwood Property Trust notes its gratitude for his 17 years of service to the company upon his resignation effective August 10, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): August 10, 2026

 

Starwood Property Trust, Inc.

(Exact name of registrant as specified in its charter)

 

Maryland
(State or other jurisdiction of
incorporation)
  001-34436
(Commission File Number)
  27-0247747
(IRS Employer Identification No.)

 

2340 Collins Avenue, Suite 700
Miami Beach, FL

  33139
(Address of principal    (Zip Code)
executive offices)    

 

Registrant's telephone number, including area code: (305) 695-5500 

 

(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:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨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 Act:

 

Title of each class Trading
Symbol(s)
Name of each exchange on which registered
Common stock, $0.01 par value per share STWD 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 ¨

 

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. ¨

 

 

 

 

 

Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

Appointment of Jeffrey F. DiModica to Board of Directors

 

Effective August 10, 2026, the Board of Directors (the “Board”) of Starwood Property Trust, Inc. (the “Company”) appointed Jeffrey F. DiModica to serve as a member of the Board. Mr. DiModica will also serve as a member of the Investment Committee of the Board.

 

Mr. DiModica, age 59, has served as the President of the Company since 2014. In his current role, he leads and serves as a member of the investment committee of each of the Company’s business lines, including Large Loan Lending, Residential Lending, Infrastructure Lending, Property Investing, and Investing & Servicing, which collectively have approximately $31 billion of assets under management. Mr. DiModica additionally serves as a Senior Managing Director of an affiliate of the manager of the Company. He previously served as a director of the Company from its inception in 2009 until July 2014.

 

Prior to serving as the President of the Company, from 1993 to 2014, Mr. DiModica served in various investment banking roles at Royal Bank of Scotland and Merrill Lynch. Mr. DiModica began his career in the Merchant and Investment Banking Group of the Commercial Real Estate Department at Chemical Bank from 1989 to 1991. Mr. DiModica received a B.S./B.A. degree with distinction and a concentration in Finance from Boston University in 1989 and an M.B.A. degree from the Amos Tuck School at Dartmouth College in 1993. He received his Chartered Financial Analyst designation in 1995. Mr. DiModica serves on the Miami Advisory Board of the Posse Foundation and was the founding president of MitoAction, a support, education and advocacy group for families affected by mitochondrial disease.

 

Mr. DiModica’s background, experience and record in both the commercial real estate markets and as a senior executive and director of the Company enable him to provide the Board with important perspectives on the Company’s investments and operations and the current state of the global commercial real estate markets.

 

Mr. DiModica will not receive compensation for his service on the Board. He will not be considered an independent director due to his position as the President of the Company. For more information on the relationship and transactions between the Company and both Mr. DiModica and its manager and affiliates, please refer to the section entitled “Certain Relationships and Related Transactions” in the Company’s Proxy Statement for the 2026 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on March 13, 2026.

 

Departure of Jeffrey G. Dishner from Board of Directors

 

Effective August 10, 2026, Jeffrey G. Dishner resigned as a member of the Board and its Investment Committee. Mr. Dishner’s decision to resign did not involve any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Dishner served as a member of the Board since the Company’s inception in 2009, and the Company is grateful to Mr. Dishner for his 17 years of service to the Company.

 

 

 

 

SIGNATURE

 

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.

 

Dated: August 12, 2026 STARWOOD PROPERTY TRUST, INC.
     
  By: /s/ Barry Sternlicht
  Name: Barry Sternlicht
  Title: Chief Executive Officer

 

 

 

Filing Exhibits & Attachments

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