Altisource Asset Management Corporation announced that on June 5, 2023, John de Jongh, the Chairman of the Board of Directors of the company resigned as Chairman of the Board and as a director of the Company, effective immediately. Effective immediately following Mr. de Jongh's resignation, the Board unanimously appointed (i) current director Ricardo Byrd as Chairman of the Board and (ii) Charles Frischer to fill the vacancy left by Governor de Jongh's resignation and serve as a director of the Company. Mr. Frischer has been named Chairman of the Audit Committee and is also a member of the both the Compensation Committee and the Nomination/Governance Committee.