NexPoint Residential CFO Brian Mitts to resign effective December 31, 2024
NexPoint Residential Trust said CFO Brian Mitts resigned effective December 31, 2024, and will remain on the board. Paul Richards, 36, will become CFO and David Willmore, 39, Chief Accounting Officer, both effective January 1, 2025, a planned leadership transition under a separation agreement that sets payments and equity award changes for Mitts.
Key points
- Brian Mitts resigned as CFO, Executive VP-Finance, Secretary and Treasurer effective 11:59 p.m. Central Time on December 31, 2024, and continues as a director
- Paul Richards appointed CFO, Executive VP-Finance, Treasurer and Assistant Secretary effective January 1, 2025
- David Willmore appointed Chief Accounting Officer, Assistant Treasurer and Assistant Secretary effective January 1, 2025
- Adviser NREA will pay Mitts two $200,000 separation payments, on February 28, 2025 and August 29, 2025
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 14, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.