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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Altisource Asset Management Corporation | AMEX:AAMC | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.094 | -2.90% | 3.15 | 3.16 | 3.08 | 3.16 | 544 | 16:25:56 |
|
UNITED STATES VIRGIN ISLANDS
|
66-0783125
|
(State or other jurisdiction of incorporation or organization)
|
(I.R.S. Employer Identification No.)
|
Large Accelerated Filer
|
o
|
|
Accelerated Filer
|
o
|
Non-Accelerated Filer
|
x
|
(Do not check if a smaller reporting company)
|
Smaller Reporting Company
|
o
|
|
|
|
Emerging Growth Company
|
o
|
•
|
our ability to implement our business strategy and the business strategy of RESI;
|
•
|
our ability to retain RESI as a client;
|
•
|
our ability to retain and maintain our strategic relationships;
|
•
|
the ability of RESI to generate a return on invested capital in excess of applicable hurdle rates under our management;
|
•
|
our ability to obtain additional asset management clients;
|
•
|
our ability to effectively compete with our competitors;
|
•
|
RESI's ability to complete future or pending transactions;
|
•
|
the failure of service providers to effectively perform their obligations under their agreements with us and RESI;
|
•
|
the failure of RESI’s servicers to effectively perform their services to RESI;
|
•
|
general economic and market conditions; and
|
•
|
governmental regulations, taxes and policies.
|
|
June 30, 2017
|
|
December 31, 2016
|
||||
|
(Unaudited)
|
|
|
||||
Assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
31,652
|
|
|
$
|
40,584
|
|
Available-for-sale securities (RESI common stock)
|
21,021
|
|
|
17,934
|
|
||
Related party receivables
|
4,933
|
|
|
5,266
|
|
||
Prepaid expenses and other assets
|
2,857
|
|
|
1,964
|
|
||
Total assets
|
$
|
60,463
|
|
|
$
|
65,748
|
|
|
|
|
|
||||
Liabilities:
|
|
|
|
|
|||
Accrued salaries and employee benefits
|
$
|
2,821
|
|
|
$
|
4,100
|
|
Accounts payable and other accrued liabilities
|
2,109
|
|
|
4,587
|
|
||
Total liabilities
|
4,930
|
|
|
8,687
|
|
||
|
|
|
|
||||
Commitments and contingencies (Note 3)
|
|
|
|
||||
|
|
|
|
||||
Redeemable preferred stock:
|
|
|
|
||||
Preferred stock, $0.01 par value, 250,000 shares issued and outstanding as of June 30, 2017 and December 31, 2016; redemption value $250,000
|
249,443
|
|
|
249,340
|
|
||
|
|
|
|
||||
Stockholders' deficit:
|
|
|
|
|
|
||
Common stock, $0.01 par value, 5,000,000 authorized shares; 2,784,454 and 1,572,237 shares issued and outstanding, respectively, as of June 30, 2017 and 2,637,629 and 1,513,912 shares issued and outstanding, respectively, as of December 31, 2016
|
28
|
|
|
26
|
|
||
Additional paid-in capital
|
34,833
|
|
|
30,696
|
|
||
Retained earnings
|
42,982
|
|
|
46,145
|
|
||
Accumulated other comprehensive income (loss)
|
261
|
|
|
(2,662
|
)
|
||
Treasury stock, at cost, 1,212,217 shares as of June 30, 2017 and 1,123,717 shares as of December 31, 2016
|
(272,014
|
)
|
|
(266,484
|
)
|
||
Total stockholders' deficit
|
(193,910
|
)
|
|
(192,279
|
)
|
||
Total liabilities and equity
|
$
|
60,463
|
|
|
$
|
65,748
|
|
|
Three months ended June 30, 2017
|
|
Three months ended June 30, 2016
|
|
Six months ended June 30, 2017
|
|
Six months ended June 30, 2016
|
||||||||
Revenues:
|
|
|
|
|
|
|
|
||||||||
Management fees from RESI
|
$
|
3,999
|
|
|
$
|
4,506
|
|
|
$
|
8,210
|
|
|
$
|
8,630
|
|
Conversion fees from RESI
|
434
|
|
|
544
|
|
|
1,038
|
|
|
946
|
|
||||
Expense reimbursements from RESI
|
210
|
|
|
357
|
|
|
406
|
|
|
357
|
|
||||
Total revenues
|
4,643
|
|
|
5,407
|
|
|
9,654
|
|
|
9,933
|
|
||||
Expenses:
|
|
|
|
|
|
|
|
||||||||
Salaries and employee benefits
|
5,281
|
|
|
4,385
|
|
|
9,968
|
|
|
8,594
|
|
||||
Legal and professional fees
|
336
|
|
|
542
|
|
|
1,020
|
|
|
1,083
|
|
||||
General and administrative
|
726
|
|
|
1,170
|
|
|
1,883
|
|
|
2,191
|
|
||||
Total expenses
|
6,343
|
|
|
6,097
|
|
|
12,871
|
|
|
11,868
|
|
||||
Other income:
|
|
|
|
|
|
|
|
||||||||
Dividend income on RESI common stock
|
243
|
|
|
244
|
|
|
487
|
|
|
536
|
|
||||
Other income
|
15
|
|
|
58
|
|
|
27
|
|
|
60
|
|
||||
Total other income
|
258
|
|
|
302
|
|
|
514
|
|
|
596
|
|
||||
Loss before income taxes
|
(1,442
|
)
|
|
(388
|
)
|
|
(2,703
|
)
|
|
(1,339
|
)
|
||||
Income tax expense
|
300
|
|
|
873
|
|
|
357
|
|
|
862
|
|
||||
Net loss
|
$
|
(1,742
|
)
|
|
$
|
(1,261
|
)
|
|
$
|
(3,060
|
)
|
|
$
|
(2,201
|
)
|
Amortization of preferred stock issuance costs
|
(51
|
)
|
|
(52
|
)
|
|
(103
|
)
|
|
(104
|
)
|
||||
Net loss attributable to common stockholders
|
$
|
(1,793
|
)
|
|
$
|
(1,313
|
)
|
|
$
|
(3,163
|
)
|
|
$
|
(2,305
|
)
|
|
|
|
|
|
|
|
|
||||||||
Loss per share of common stock – basic:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Loss per basic share
|
$
|
(1.15
|
)
|
|
$
|
(0.74
|
)
|
|
$
|
(2.03
|
)
|
|
$
|
(1.22
|
)
|
Weighted average common stock outstanding – basic
|
1,563,272
|
|
|
1,776,831
|
|
|
1,554,462
|
|
|
1,883,322
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||
Loss per share of common stock – diluted:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Loss per diluted share
|
$
|
(1.15
|
)
|
|
$
|
(0.74
|
)
|
|
$
|
(2.03
|
)
|
|
$
|
(1.22
|
)
|
Weighted average common stock outstanding – diluted
|
1,563,272
|
|
|
1,776,831
|
|
|
1,554,462
|
|
|
1,883,322
|
|
|
Three months ended June 30, 2017
|
|
Three months ended June 30, 2016
|
|
Six months ended June 30, 2017
|
|
Six months ended June 30, 2016
|
||||||||
Net loss
|
$
|
(1,742
|
)
|
|
$
|
(1,261
|
)
|
|
$
|
(3,060
|
)
|
|
$
|
(2,201
|
)
|
|
|
|
|
|
|
|
|
||||||||
Other comprehensive (loss) income:
|
|
|
|
|
|
|
|
||||||||
Change in fair value of available-for-sale securities (RESI common stock)
|
(3,752
|
)
|
|
(4,565
|
)
|
|
3,087
|
|
|
(4,686
|
)
|
||||
Other comprehensive (loss) income, before tax effect
|
(3,752
|
)
|
|
(4,565
|
)
|
|
3,087
|
|
|
(4,686
|
)
|
||||
Tax benefit (expense) of other comprehensive (loss) income
|
1,444
|
|
|
—
|
|
|
(164
|
)
|
|
—
|
|
||||
Total other comprehensive (loss) income
|
(2,308
|
)
|
|
(4,565
|
)
|
|
2,923
|
|
|
(4,686
|
)
|
||||
|
|
|
|
|
|
|
|
||||||||
Comprehensive loss
|
$
|
(4,050
|
)
|
|
$
|
(5,826
|
)
|
|
$
|
(137
|
)
|
|
$
|
(6,887
|
)
|
|
Common Stock
|
|
Additional Paid-in Capital
|
|
Retained Earnings
|
|
Accumulated Other Comprehensive Income (Loss)
|
|
Treasury Stock
|
|
Noncontrolling Interest in Previously Consolidated Affiliate
|
|
Total Deficit
|
|||||||||||||||||
|
Number of Shares
|
|
Amount
|
|
|
|
|
|
|
|||||||||||||||||||||
December 31, 2016
|
2,637,629
|
|
|
$
|
26
|
|
|
$
|
30,696
|
|
|
$
|
46,145
|
|
|
$
|
(2,662
|
)
|
|
$
|
(266,484
|
)
|
|
$
|
—
|
|
|
$
|
(192,279
|
)
|
Common shares issued under share-based compensation plans, net of shares withheld for employee taxes
|
146,825
|
|
|
2
|
|
|
73
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
75
|
|
|||||||
Treasury shares repurchased
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(5,530
|
)
|
|
—
|
|
|
(5,530
|
)
|
|||||||
Amortization of preferred stock issuance costs
|
—
|
|
|
—
|
|
|
—
|
|
|
(103
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(103
|
)
|
|||||||
Share-based compensation
|
—
|
|
|
—
|
|
|
4,064
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4,064
|
|
|||||||
Change in fair value of available-for-sale securities (RESI common stock), net of tax
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,923
|
|
|
—
|
|
|
—
|
|
|
2,923
|
|
|||||||
Net loss
|
—
|
|
|
—
|
|
|
—
|
|
|
(3,060
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(3,060
|
)
|
|||||||
June 30, 2017
|
2,784,454
|
|
|
$
|
28
|
|
|
$
|
34,833
|
|
|
$
|
42,982
|
|
|
$
|
261
|
|
|
$
|
(272,014
|
)
|
|
$
|
—
|
|
|
$
|
(193,910
|
)
|
|
Common Stock
|
|
Additional Paid-in Capital
|
|
Retained Earnings
|
|
Accumulated Other Comprehensive Loss
|
|
Treasury Stock
|
|
Noncontrolling Interest in Consolidated Affiliate
|
|
Total Equity (Deficit)
|
|||||||||||||||||
|
Number of Shares
|
|
Amount
|
|
|
|
|
|
|
|||||||||||||||||||||
December 31, 2015
|
2,556,828
|
|
|
$
|
26
|
|
|
$
|
23,419
|
|
|
$
|
50,678
|
|
|
$
|
—
|
|
|
$
|
(254,984
|
)
|
|
$
|
1,145,639
|
|
|
$
|
964,778
|
|
Cumulative effect of adoption of ASU 2015-02 (Note 1)
|
—
|
|
|
—
|
|
|
(2,330
|
)
|
|
609
|
|
|
(981
|
)
|
|
—
|
|
|
(1,145,639
|
)
|
|
(1,148,341
|
)
|
|||||||
January 1, 2016
|
2,556,828
|
|
|
26
|
|
|
21,089
|
|
|
51,287
|
|
|
(981
|
)
|
|
(254,984
|
)
|
|
—
|
|
|
(183,563
|
)
|
|||||||
Common shares issued under share-based compensation plans, net of shares withheld for employee taxes
|
42,639
|
|
|
—
|
|
|
6
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
6
|
|
|||||||
Treasury shares repurchased
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(6,591
|
)
|
|
—
|
|
|
(6,591
|
)
|
|||||||
Amortization of preferred stock issuance costs
|
—
|
|
|
—
|
|
|
—
|
|
|
(104
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(104
|
)
|
|||||||
Share-based compensation
|
—
|
|
|
—
|
|
|
4,756
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4,756
|
|
|||||||
Change in fair value of available-for-sale securities (RESI common stock)
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(4,686
|
)
|
|
—
|
|
|
—
|
|
|
(4,686
|
)
|
|||||||
Net loss
|
—
|
|
|
—
|
|
|
—
|
|
|
(2,201
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(2,201
|
)
|
|||||||
June 30, 2016
|
2,599,467
|
|
|
$
|
26
|
|
|
$
|
25,851
|
|
|
$
|
48,982
|
|
|
$
|
(5,667
|
)
|
|
$
|
(261,575
|
)
|
|
$
|
—
|
|
|
$
|
(192,383
|
)
|
|
Six months ended June 30, 2017
|
|
Six months ended June 30, 2016
|
||||
Operating activities:
|
|
|
|
||||
Net loss
|
$
|
(3,060
|
)
|
|
$
|
(2,201
|
)
|
Adjustments to reconcile net loss to net cash used in operating activities:
|
|
|
|
||||
Share-based compensation
|
4,064
|
|
|
4,756
|
|
||
Changes in operating assets and liabilities:
|
|
|
|
||||
Accounts receivable, net
|
—
|
|
|
123
|
|
||
Related party receivables
|
333
|
|
|
(5,489
|
)
|
||
Prepaid expenses and other assets
|
(893
|
)
|
|
653
|
|
||
Accrued salaries and employee benefits
|
(1,279
|
)
|
|
(1,993
|
)
|
||
Accounts payable and other accrued liabilities
|
(2,642
|
)
|
|
81
|
|
||
Related party payables
|
—
|
|
|
(2,180
|
)
|
||
Net cash used in operating activities
|
(3,477
|
)
|
|
(6,250
|
)
|
||
Investing activities:
|
|
|
|
||||
Decrease in cash due to deconsolidation of RESI (Note 1)
|
—
|
|
|
(116,702
|
)
|
||
Purchases of RESI common stock
|
—
|
|
|
(15,588
|
)
|
||
Net cash used in investing activities
|
—
|
|
|
(132,290
|
)
|
||
Financing activities:
|
|
|
|
||||
Proceeds from exercise of stock options
|
486
|
|
|
18
|
|
||
Repurchase of common stock
|
(5,530
|
)
|
|
(6,591
|
)
|
||
Payment of tax withholdings on share-based compensation plan awards
|
(411
|
)
|
|
(12
|
)
|
||
Net cash used in financing activities
|
(5,455
|
)
|
|
(6,585
|
)
|
||
Net change in cash and cash equivalents
|
(8,932
|
)
|
|
(145,125
|
)
|
||
Cash and cash equivalents as of beginning of the period
|
40,584
|
|
|
184,544
|
|
||
Cash and cash equivalents as of end of the period
|
$
|
31,652
|
|
|
$
|
39,419
|
|
|
|
|
|
||||
Supplemental disclosure of cash flow information
|
|
|
|
||||
Income taxes paid
|
$
|
686
|
|
|
$
|
—
|
|
Decrease in noncontrolling interest due to deconsolidation of RESI (Note 1)
|
—
|
|
|
(1,145,639
|
)
|
||
Decrease in repurchase and loan agreements and other secured borrowings due to deconsolidation of RESI (Note 1)
|
—
|
|
|
(1,265,968
|
)
|
||
Decrease in real estate assets and mortgage loans due to deconsolidation of RESI (Note 1)
|
—
|
|
|
2,264,296
|
|
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
||||||||
|
Carrying Amount
|
|
Quoted Prices in Active Markets
|
|
Observable Inputs Other Than Level 1 Prices
|
|
Unobservable Inputs
|
||||||||
June 30, 2017
|
|
|
|
|
|
|
|
||||||||
Recurring basis (assets):
|
|
|
|
|
|
|
|
||||||||
Available-for-sale securities: RESI common stock
|
$
|
21,021
|
|
|
$
|
21,021
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
||||||||
December 31, 2016
|
|
|
|
|
|
|
|
||||||||
Recurring basis (assets):
|
|
|
|
|
|
|
|
||||||||
Available-for-sale securities: RESI common stock
|
$
|
17,934
|
|
|
$
|
17,934
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Cost
|
|
Gross Unrealized Gains
|
|
Gross Unrealized Losses
|
|
Fair Value
|
||||||||
June 30, 2017
|
|
|
|
|
|
|
|
||||||||
Available-for-sale securities: RESI common stock
|
$
|
20,596
|
|
|
$
|
425
|
|
|
$
|
—
|
|
|
$
|
21,021
|
|
|
|
|
|
|
|
|
|
||||||||
December 31, 2016
|
|
|
|
|
|
|
|
||||||||
Available-for-sale securities: RESI common stock
|
$
|
20,596
|
|
|
$
|
—
|
|
|
$
|
2,662
|
|
|
$
|
17,934
|
|
•
|
Base Management Fee
. We are entitled to a quarterly base management fee equal to
1.5%
of the product of (i) RESI’s average invested capital (as defined in the AMA) for the quarter
multiplied by
(ii)
0.25
, while it has fewer than
2,500
single-family rental properties actually rented (“Rental Properties”). The base management fee percentage increases to
1.75%
of average invested capital while RESI has between
2,500
and
4,499
Rental Properties and increases to
2.0%
of invested capital while RESI has
4,500
or more rental properties;
|
•
|
Incentive Management Fee
. We are entitled to a quarterly incentive management fee equal to
20%
of the amount by which RESI's return on invested capital (based on AFFO, defined as net income attributable to holders of common stock calculated in accordance with GAAP
plus
real estate depreciation expense
minus
recurring capital expenditures on all real estate assets owned by RESI) exceeds an annual hurdle return rate of between
7.0%
and
8.25%
(depending on the
10
-year treasury rate). The incentive management fee increases to
22.5%
while RESI has between
2,500
and
4,499
Rental Properties and increases to
25%
while RESI has
4,500
or more Rental Properties; and
|
•
|
Conversion Fee
. We are entitled to a quarterly conversion fee equal to
1.5%
of assets converted into leased single-family homes by RESI for the first time during the applicable quarter.
|
|
Three months ended June 30, 2017
|
|
Three months ended June 30, 2016
|
|
Six months ended June 30, 2017
|
|
Six months ended June 30, 2016
|
||||||||
Management fees from RESI
|
$
|
3,999
|
|
|
$
|
4,506
|
|
|
$
|
8,210
|
|
|
$
|
8,630
|
|
Conversion fees from RESI
|
434
|
|
|
544
|
|
|
1,038
|
|
|
946
|
|
||||
Expense reimbursements from RESI
|
210
|
|
|
357
|
|
|
406
|
|
|
357
|
|
|
Three months ended June 30, 2017
|
|
Three months ended June 30, 2016
|
|
Six months ended June 30, 2017
|
|
Six months ended June 30, 2016
|
||||||||
Numerator
|
|
|
|
|
|
|
|
||||||||
Net loss
|
$
|
(1,742
|
)
|
|
$
|
(1,261
|
)
|
|
$
|
(3,060
|
)
|
|
(2,201
|
)
|
|
Amortization of preferred stock issuance costs
|
(51
|
)
|
|
(52
|
)
|
|
(103
|
)
|
|
(104
|
)
|
||||
Numerator for basic and diluted EPS – loss attributable to common stockholders
|
$
|
(1,793
|
)
|
|
$
|
(1,313
|
)
|
|
$
|
(3,163
|
)
|
|
$
|
(2,305
|
)
|
|
|
|
|
|
|
|
|
||||||||
Denominator
|
|
|
|
|
|
|
|
||||||||
Weighted average common stock outstanding – basic
|
1,563,272
|
|
|
1,776,831
|
|
|
1,554,462
|
|
|
1,883,322
|
|
||||
Weighted average common stock outstanding – diluted
|
1,563,272
|
|
|
1,776,831
|
|
|
1,554,462
|
|
|
1,883,322
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Loss per basic common share
|
$
|
(1.15
|
)
|
|
$
|
(0.74
|
)
|
|
$
|
(2.03
|
)
|
|
$
|
(1.22
|
)
|
Loss per diluted common share
|
$
|
(1.15
|
)
|
|
$
|
(0.74
|
)
|
|
$
|
(2.03
|
)
|
|
$
|
(1.22
|
)
|
|
Three months ended June 30, 2017
|
|
Three months ended June 30, 2016
|
|
Six months ended June 30, 2017
|
|
Six months ended June 30, 2016
|
||||||||
Numerator
|
|
|
|
|
|
|
|
||||||||
Amortization of preferred stock issuance costs
|
$
|
51
|
|
|
$
|
52
|
|
|
$
|
103
|
|
|
$
|
104
|
|
|
|
|
|
|
|
|
|
||||||||
Denominator
|
|
|
|
|
|
|
|
||||||||
Stock options
|
45,057
|
|
|
167,720
|
|
|
79,198
|
|
|
168,659
|
|
||||
Restricted stock
|
40,635
|
|
|
39,170
|
|
|
40,650
|
|
|
45,646
|
|
||||
Preferred stock, if converted
|
200,000
|
|
|
200,000
|
|
|
200,000
|
|
|
200,000
|
|
•
|
Base Management Fee
. We are entitled to a quarterly base management fee equal to 1.5% of the product of (i) RESI's average invested capital (as defined in the AMA) for the quarter
multiplied by
(ii) 0.25, while it has fewer than 2,500 single-family rental properties actually rented (“Rental Properties”). The base management fee percentage increases to 1.75% of invested capital while RESI has between 2,500 and 4,499 Rental Properties and increases to 2.0% of invested capital while it has 4,500 or more Rental Properties;
|
•
|
Incentive Management Fee
. We are entitled to a quarterly incentive management fee equal to 20% of the amount by which RESI's return on invested capital (based on AFFO, defined as net income attributable to holders of common stock calculated in accordance with GAAP
plus
real estate depreciation expense
minus
recurring capital expenditures on all real estate assets owned by RESI) exceeds an annual hurdle return rate of between 7.0% and 8.25% (depending on the 10-year treasury rate). The incentive management fee increases to 22.5% while RESI has between 2,500 and 4,499 Rental Properties and increases to 25% while it has 4,500 or more Rental Properties; and
|
•
|
Conversion Fee
. We are entitled to a quarterly conversion fee equal to 1.5% of the market value of assets converted into leased single-family homes by RESI for the first time during the applicable quarter.
|
|
Six months ended June 30, 2017
|
|
Six months ended June 30, 2016
|
||||
Net cash used in operating activities
|
$
|
(3,477
|
)
|
|
$
|
(6,250
|
)
|
Net cash used in investing activities (1)
|
—
|
|
|
(132,290
|
)
|
||
Net cash used in financing activities
|
(5,455
|
)
|
|
(6,585
|
)
|
||
Total cash flows
|
$
|
(8,932
|
)
|
|
$
|
(145,125
|
)
|
(1)
|
Upon deconsolidation of RESI effective January 1, 2016, we recognized a reduction in cash of $116.7 million, which represented the cash attributable to RESI within our consolidated balance sheet as of December 31, 2015.
|
|
|
(a) Total Number of Shares Purchased
|
|
(b) Average Price Paid per Share
|
|
(c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
|
|
(d) Maximum Dollar Value of Shares that may yet be Purchased Under Plans or Programs (1)
|
||||||
April 1, 2017 to April 30, 2017
|
|
—
|
|
|
$
|
—
|
|
|
1,178,766
|
|
|
$
|
35,484
|
|
May 1, 2017 to May 31, 2017
|
|
7,394
|
|
|
81.00
|
|
|
1,186,160
|
|
|
34,885
|
|
||
June 1, 2017 to June 30, 2017
|
|
4,446
|
|
|
90.25
|
|
|
1,190,606
|
|
|
34,484
|
|
||
For the quarter ended June 30, 2017
|
|
11,840
|
|
|
84.47
|
|
|
1,190,606
|
|
|
34,484
|
|
(1)
|
Since Board approval of repurchases is based on a dollar amount, we cannot estimate the number of shares remaining to be purchased.
|
Exhibit Number
|
|
Description
|
2.1
|
|
Separation Agreement, dated as of December 21, 2012, between Altisource Asset Management Corporation and Altisource Portfolio Solutions S.A. (incorporated by reference to Exhibit 2.1 of the Registrant's Current Report on Form 8-K filed with the SEC on December 28, 2012).
|
3.1
|
|
Amended and Restated Articles of Incorporation of Altisource Asset Management Corporation (incorporated by reference to Exhibit 3.1 of the Registrant's Current Report on Form 8-K filed with the SEC on January 5, 2017).
|
3.2
|
|
First Amended and Restated Bylaws of Altisource Asset Management Corporation (incorporated by reference to Exhibit 3.2 of the Registrant's Registration Statement on Form 10 filed with the SEC on December 5, 2012).
|
3.3
|
|
Certificate of Designations establishing the Company’s Series A Convertible Preferred Stock (incorporated by reference to Exhibit 3.1 of the Registrant’s Current Report on Form 8-K filed with the SEC on March 19, 2014).
|
31.1
*
|
|
Certification of CEO Pursuant to Section 302 of the Sarbanes-Oxley Act
|
31.2
*
|
|
Certification of CFO Pursuant to Section 302 of the Sarbanes-Oxley Act
|
32.1
*
|
|
Certification of CEO Pursuant to Section 906 of the Sarbanes-Oxley Act
|
32.2
*
|
|
Certification of CFO Pursuant to Section 906 of the Sarbanes-Oxley Act
|
101.INS*
|
|
XBRL Instance Document
|
101.SCH*
|
|
XBRL Taxonomy Extension Schema Document
|
101.CAL*
|
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
101.DEF*
|
|
XBRL Taxonomy Extension Definition Linkbase Document
|
101.LAB*
|
|
XBRL Extension Labels Linkbase
|
101.PRE*
|
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
|
|
|
Altisource Asset Management Corporation
|
Date:
|
August 8, 2017
|
By:
|
/s/
|
Robin N. Lowe
|
|
|
|
|
Robin N. Lowe
|
|
|
|
|
Chief Financial Officer
|
1 Year Altisource Asset Managem... Chart |
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