LFT Lument Finance Trust Inc

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

Appointment of President

The Board of Directors (the “Board”) of Lument Finance Trust, Inc. (the “Company”) appointed Mr. James J. Henson, age 70, as President of the Company effective as of May 22, 2023. Mr. Henson will continue serving as General Counsel and Senior Managing Director of Lument Investment Management, LLC, the external manager for the Company (the “Manager”). Mr. Henson is a Registered Securities Principal. Mr. Henson is replacing Mr. James Flynn as President of the Company. Mr. Flynn will continue to serve as the Company’s Chairman and Chief Executive Officer.

Prior to this role, Mr. Henson had been the corporate secretary for the Company from March 2020 until May 2023. Since November 2015, Mr. Henson has served as Senior Managing Director and General Counsel of Lument Real Estate Capital Holdings, LLC (“Holdings”), the parent company of the Manager. Mr. Henson held the same positions at Holdings from May 2010 through May 2013 and was a member of the Board of Managers of Holdings from May 2010 through November 2015.

Prior to joining Holdings, Mr. Henson co-founded Stonehenge Financial Holdings, Inc. (“Stonehenge Financial”), a private equity fund manager. Mr. Henson was a principal of Stonehenge Financial and served as its General Counsel from 1999 through 2010. Prior to his tenure at Stonehenge Financial, Mr. Henson was Vice Chairman and General Counsel of Banc One Capital Holdings Corporation (“Banc One”) from 1989 through 1999. Through its subsidiaries, Banc One engaged in investment and merchant banking, securities and insurance brokerage, investment management and trust services, and commercial mortgage lending and servicing. From 1983 through 1989, Mr. Henson was a partner in Meuse, Rinker, Chapman, Endres & Brooks, a regional investment banking firm that was acquired by Banc One. Mr. Henson worked as an investment banker with an emphasis on mortgage-backed financings and bond refundings.

Mr. Henson has no family relationship with any directors or executive officers of the Company, nor are there any arrangements or understandings between Mr. Henson and any other persons pursuant to which he was selected as President. There are no related party transactions between Mr. Henson and the Company reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.