Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) Compensatory Arrangements



On December 30, 2022, pursuant to the 2016 Employee Preferred Stock Plan (the
"2016 Preferred Stock Plan") of Altisource Asset Management Corporation (the
"Company") and the approval of the Compensation Committee (the "Compensation
Committee") of the Board of Directors of the Company (the "Board"), the Company
issued 1,000 shares of Series N Preferred Stock (the "Series N Preferred Stock")
to Jason Kopcak, Chief Executive Officer of the Company, and 1,000 shares of
Series O Preferred Stock (the "Series O Preferred Stock") to Stephen R.
Krallman, Chief Financial Officer of the Company. Both issuances were valued at
$10.00 per share. Holders of the Company's preferred stock have the right to a
preferred stock dividend when and if declared by the Board. The Board intends
that Mr. Kopcak's preferred stock dividend will include one share of common
stock for every three shares of common stock the Company repurchases during the
prior quarter.
Each of Mr. Kopcak and Mr. Krallman are eligible participants under the 2016
Preferred Stock Plan, which was approved by the Company's stockholders at the
2016 Annual Meeting of Stockholders. Shares of additional similar series of
preferred stock were offered to the Company's other U.S. Virgin Islands resident
employees as well. The Company adopted the 2016 Preferred Stock Plan to induce
employees to become employed and remain employees of the Company in the U.S.
Virgin Islands. Each of the preferred stock agreements (each, a "Preferred Stock
Agreement") under which Mr. Kopcak received his grant of Series N Preferred
Stock and under which Mr. Krallman received his grant of Series O Preferred
Stock provide that the shares are subject to, and shall be held by him in
accordance with, the 2016 Preferred Stock Plan and that he must not sell or
otherwise dispose of such shares of preferred stock other than sales back to the
Company upon termination of his employment for any reason, as required under the
2016 Preferred Stock Plan.
The foregoing descriptions of the Preferred Stock Agreements with each of Mr.
Kopcak and Mr. Krallman are qualified in their entirety by reference to the full
text of the form of the Preferred Stock Agreement, which is attached hereto as
Exhibit 10.1 and incorporated herein by reference. The terms of Series N
Preferred Stock held by Mr. Kopcak and the Series O Preferred Stock held by Mr.
Krallman are described in the Amended and Restated Articles of Incorporation of
Altisource Asset Management Corporation (which is incorporated by reference from
Exhibit 3.1 of the Registrant's Current Report on Form 8-K filed with the SEC on
January 5, 2017).

Item 9.01 Financial Statements and Exhibits.




Exhibit No.                                              Description
       10.1              Form of Preferred Stock Agreement

       101               Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in
                         Inline XBRL (Inline eXtensible Business Reporting Language)
       104               Cover Page Interactive Data File (embedded within

the Inline XBRL document).

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