Board-approved Liquidation PlanA board-approved Plan of Sale and Liquidation creates a definitive corporate strategy and timeline to monetize assets. That structural clarity reduces strategic drift, prioritizes asset realization and distributions, and lets management focus on execution and maximizing recoveries over the next several months.
Material Asset Dispositions Generating CashLarge, completed property sales have produced meaningful net cash proceeds that materially improve liquidity and enable shareholder distributions. Durable impact: proceeds can fund orderly wind‑down, reduce need for new debt, and lower execution risk versus relying solely on operating cash flow.
Management Compensation Tied To LiquidationCEO compensation restructured with retention awards and strict clawbacks aligns management incentives to complete the liquidation and maximize returns. This reduces agency risk, supports continuity through disposition activity, and helps maintain execution discipline during the multi‑month wind‑down.