UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 2, 2025, Ministry Partners Investment Company, LLC (the “Company”) announced that Brian S. Barbre, Senior Vice-President and Chief Financial Officer, has tendered his resignation and accepted a new employment opportunity. Mr. Barbre’s separation of service is effective as of January 3, 2025. Mr. Barbre was instrumental in the Company’s successful efforts to restructure its balance sheet, improve its net capital position, and make significant gains in enhancing the Company’s operating efficiencies. Mr. Barbre’s separation of service was not prompted by any performance, regulatory or disciplinary issues and is not related to any disagreements regarding the Company’s financial statements or other reporting obligations.
The Company also announced that Daniel A. Flude, the Company’s Vice President of Finance and Controller, has been appointed to serve as its Interim Principal Accounting Officer for the Company and its wholly-owned subsidiary, Ministry Partners Securities, LLC. Mr. Flude joined the Company on March 10, 2008 and has been a key member of the Company’s finance and accounting leadership team. Mr. Flude is a certified public accountant and also holds the FINRA Series 28 securities registration license.
SIGNATURES
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, thereunto duly authorized.
Dated: January 3, 2025 | MINISTRY PARTNERS INVESTMENT |
COMPANY, LLC | |
/s/ Darren M. Thompson | |
Darren M. Thompson | |
Chief Executive Officer and President |