Company: CMCT
Filing Date: 2025-04-30
Form Type: 10-K/A
Source: 0000908311-25-000030
Chunk: 12

Company: Creative Media & Community Trust Corp
Filing Date: 2025-04-30
Form: 10-K/A
Chunk 12
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. He has been Chief Financial Officer of the Company’s wholly-owned subsidiary lending business since 1992 and has been the chief executive officer and chairman of the board of directors of that business since 2020. In addition, Mr. Berlin has served in various finance and accounting roles within CIM Group and its affiliates since 2017 and is currently a managing director of CIM Group, L.P., chief financial officer of CIM Real Assets & Credit Fund, a closed-ended interval fund advised by an affiliate of CIM Group, L.P. that is registered as an investment company under the Investment Company Act of 1940, as amended, chief financial officer of CIM Capital, LLC, the Company’s operator and an investment adviser registered with the Securities and Exchange Commission. Mr. Berlin earned a Bachelor of Science degree in accounting from the University of Florida and is a certified public accountant. Mr. Berlin began his career in public accounting.

Shaul Kuba’s biographical information is set forth above under “Board of Directors.”

#### Corporate Governance
Company Leadership Structure; Board Role in Risk Oversight

Leadership Structure. The Board does not have a formal policy regarding the leadership structure of the Company and whether the roles of chairman and chief executive officer should be separated, but instead believes that these matters should be determined based on a number of different factors and circumstances, including the Company’s position, history, size, culture, stockholder base, board size and board composition and that, as a result, the appropriate structure may change from time to time as circumstances warrant. Currently, the roles of chairman of the board and chief executive officer of the Company are separated. Our chairman of the board is Mr. Ressler and our chief executive officer is Mr. Thompson.

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Risk Oversight. The Company is exposed to a variety of risks. The entire Board regularly assesses major risks facing the Company and reviews options for their mitigation. The Board may appoint a committee to address a specific risk or to oversee the Company’s response to a specific risk. In particular, the Audit Committee of the Board oversees the Company’s policies with respect to risk assessment and risk oversight and oversees risk with respect to financial reporting matters. The Board also relies on management to bring significant matters to its attention.

The Board believes that the Company’s current leadership structure, including the independent Audit Committee oversight function and the open access of the Board to the Company’s executive officers and senior management as the Board determines is appropriate, supports the oversight role of the Board in the Company’s risk management.