Businessweek

Altisource Asset Management Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total investments gains of $1.515 million and net loss attributable to common stockholders of $840,000 or $0.36 per diluted share.

Altisource Asset Management Corporation, Q1 2013 Earnings Call, May 09, 2013

Altisource Asset Management Corporation announced that they will report Q1, 2013 results on May 09, 2013

On March 4, 2013, Rachel M. Ridley, the Chief Financial Officer of Altisource Residential Corporation, resigned as an officer of the company. Her resignation was effective as of as of March 4, 2013 by virtue of her resignation as the Chief Financial Officer of Altisource Asset Management Corporation (AAMC). In connection with Ms. Ridley's departure, AAMC will enter into a Separation Agreement with Ms. Ridley. Effective March 5, 2013, AAMC appointed Kenneth Najour, age 53, as Chief Financial Officer of AAMC. By virtue of such appointment, Mr. Najour became the Chief Financial Officer of the company, effective as of the same date. Prior his appointment, Mr. Najour served as Vice President, Finance and Chief Accounting Officer of Ocwen Financial Corporation from March 2012 to March 2013. Mr. Najour joined Ocwen as Vice President, Finance in December 2010. Effective March 4, 2013, AAMC appointed Salah Saabneh, age 44, as the Executive Vice President, Corporate Development of AAMC. By virtue of such appointment, Mr. Saabneh became the Executive Vice President, Corporate Development of the company, effective as of the same date. Prior to his appointment, Mr. Saabneh served as a director of AAMC since its separation on December 21, 2012 from Altisource Portfolio Solutions S.A. From 2008 to February 2013, Mr. Saabneh was a founding partner at Manikay Partners, LLC and served as a senior member of the Manikay Partner's event-driven and special situations investment team.

Altisource Asset Management Corporation reported consolidated earnings results for the fourth quarter and period from March 15, 2012 to December 31, 2012. For the period, the company's net loss attributable to common stockholders totaled $46,000 or $0.02 per basic and diluted share.