Company: CMCT
Filing Date: 2025-04-30
Form Type: 10-K/A
Source: 0000908311-25-000030
Chunk: 18

Company: Creative Media & Community Trust Corp
Filing Date: 2025-04-30
Form: 10-K/A
Chunk 18
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 and paid to him directly by, such affiliate. The Company did not pay Mr. Thompson any compensation in 2024 and 2023. Therefore, the compensation of Mr. Thompson is not discussed in this Compensation Discussion and Analysis.

Mr. Berlin was appointed chief financial officer and secretary of the Company on August 10, 2022. While Mr. Berlin has an employment agreement with the Company as described below under “—Potential Payments Upon Termination or Change in Control,” Mr. Berlin has been jointly employed by the Company and an affiliate of the Operator and the Administrator. In each of 2024 and 2023, Mr. Berlin’s compensation was paid by an affiliate of the Operator and the Administrator. Such affiliate was then reimbursed by the Company. In each of 2024 and 2023, the amount of the reimbursement was based on Mr. Berlin’s time spent working on matters pertaining to the lending business of the Company. In each of 2024 and 2023, such affiliate did not seek reimbursement from the Company for the time that Mr. Berlin spent in his role as Chief Financial Officer of the Company.

Role of Management and the Board in the Compensation Setting Process

Management of the Company and the Board had no role in setting the compensation of Mr. Berlin.

#### Stockholder Advisory Vote
Because stockholders expressed support for the Company’s executive compensation programs in 2024 by approving such programs, on an advisory basis, and because Mr. Berlin’s terms of employment are governed by the terms of his existing employment agreement, the Compensation Committee did not make any changes to the Company’s executive compensation programs in 2024.

Compensation Policies and Practices in Relation to Risk Management

As of December 31, 2024, the Company had five employees. Accordingly, the Compensation Committee does not believe that the Company’s compensation policies and practices are reasonably likely to have a material adverse effect on the Company.

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#### Use of Independent Compensation Consultant
The Compensation Committee did not engage the services of an independent compensation consultant in 2024.

#### Determining 2024 Executive Compensation
As described above, Mr. Thompson is employed and paid by an affiliate of the Operator and the Administrator and did not receive any compensation from the Company. Therefore, his compensation is not discussed herein. In each of 2024 and 2023, as described above under “—2024 Name Executive Officers,” Mr. Berlin’s compensation that was attributable to the time that he spent in his role as