Management Change/Compensation (Form 8-K)

On March 2, 2026, Ted Westwood resigned as the Chief Financial Officer ("CFO") of Shepherd's Finance, LLC (the "Registrant"), effective immediately. On March 4, 2026, the Registrant's board of managers (the "Board") appointed Catherine Leslie to serve as the CFO to resume her prior CFO duties, in addition to her duties as Director of the Company's accounting business division, in order to replace Mr. Westwood.

On March 4, 2026, the Compensation Committee of the Board, along with the approval of Members holding at least 60% of the votes eligible to be cast by the then-outstanding Voting Units of the Company, approved the compensation of Ms. Leslie for the remainder of the 2026 fiscal year, including an annual base salary of $185,000.00, certain bonus opportunities, with the actual bonus amount based on the achievement of individual and company goals, and certain employee benefits.