{"url_path":"/sec/cik-0001695963/10-k/2026/item-10","section_key":"item-10","section_title":"Item 10 Directors, Executive Officers and Corporate Governance**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/1695963/0001214659-26-006969-index.html","accession_number":"0001214659-26-006969","cik":"0001695963","ticker":null,"issuer_name":"Korth Direct Mortgage Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1695963/0001214659-26-006969-index.html","primary_entity_key":"0001695963","primary_entity_name":"Korth Direct Mortgage Inc."},"word_count":816,"has_tables":true,"body_markdown":"** **\n\n**Item 10. Directors, Executive Officers and Corporate Governance**\n\n \n\nAs of the date of this Report, the Executive Officers and Directors\nof the Company were:\n\n \n\nName\nAge\nOffice\n\nJames W. Korth\n75\nChairman of the Board\n\nHolly C. MacDonald-Korth\n50\nChief Executive Officer, President, Chief Financial Officer and Director\n\nPamela J. Hipp\n57\nDirector of Securities Marketing and Director\n\nDaniel Llorente\n46\nChief Lending Officer and Director\n\nJonathan L. Shepard\n82\nSecretary and Director\n\n \n\nJames W. Korth is the Chairman of the Board of\nDirectors and was the Chief Executive Officer of KDM from 2016 until June 2023. He is also the Managing Partner of J W Korth & Company,\nLP, which he started in 1982.  Mr. Korth has spent his business career as an investment banker in all manner of debt securities,\nincluding brokered CDs, and Certificates of Accrual on Treasury Securities (“CATS”), and has advised the US Treasury Department\nin the creation of the STRIPS program, and corporate General Term Notes, a Medium Term Note program emulated across the industry. Mr.\nKorth also manages several securities portfolios for clients of J W Korth & Company and holds his Series 4, 7, 24, 53, 66, and 79\nlicenses. He received his Master of Science from Michigan State University. Mr. Korth was made Chairman of the Board in June 2019.\n\n \n\nHolly MacDonald-Korth\nis the Chief Executive Officer of KDM since June 2023, has been the President since 2019, and the Chief Financial Officer of KDM since\n2016. Since 2006, she has been the Managing Director and Chief Financial Officer of J W Korth & Company, where she oversees all operations,\nfinance, and business development for the firm. Prior to joining J W Korth, Ms. MacDonald-Korth was Senior Vice President at Overstock.com\nand a financial systems analyst at the Board of Governors of the Federal Reserve. Ms. MacDonald-Korth is the daughter of James W. Korth.\nShe received a Bachelor of Business Administration with Honors in Finance from University of Miami. She holds her Series 7, 24, 27, and\n66 licenses.\n\n \n\nDaniel Llorente is the\nChief Lending Officer of KDM since 2016.  Mr. Llorente has over fourteen years of commercial and residential real estate financing\nexperience at a variety of mortgage banks. Prior to joining KDM, Mr. Llorente was a Mortgage Loan Originator at Lakeview Loan Servicing.\nIn 2013 and 2014 he served as an Associate Portfolio Manager at Bayview Loan Servicing. From 2012 -2013 he served as Assistant Vice President\nand Portfolio Manager at Intercredit Bank. From 2009 to 2012 he was Senior Loan Analyst at LNR Property LLC. Prior to that time he\nheld positions at Regions Bank, Silver Hill Financial, and Lincoln Road Funding. All positions were in Miami, Florida and related to real\nestate financing. He is an ABA Certified Credit Analyst.  Mr. Llorente graduated from Florida State University with a degree in finance\nand received an MBA from Nova Southeastern University.\n\n \n\nPamela J. Hipp is Managing Director of Fixed Income\nand Investor Relations and a Director. Ms. Hipp works for J. W. Korth & Company as Managing Director of Trading. She joined J. W.\nKorth in 2007 after its purchase of Cambridge Group Investments as regional trader and was promoted to Managing Director of Trading in\n2010. Ms. Hipp has been in the securities industry for 23 years, first working at Citistreet Equities serving major corporations retirement\naccount management; she then moved on to Cambridge Group in 2000. A Registered Representative and General Principal, Pam holds FINRA Series\n7, 24, 63, 66, and 79 registrations and received her Bachelor of Science degree from Michigan State University. Pam is also a Partner\nof J. W. Korth and member of its Investment Committee, which guides recommendations and proprietary investment decisions.\n\n \n\nJonathan Shepard has\nbeen KDM’s Secretary and a Director since 2016. Mr. Shepard also served as outside general counsel to KDM from 2016 to 2021 and\ncontinues to act as outside counsel to the Company. He has practiced in New York City, Philadelphia, and Boca Raton, Florida, in law firms,\ncorporations, and the United States Environmental Protection Agency. He was a partner in Siegel, Lipman, and Shepard, LLP, in Boca Raton\nfrom 1994 until December 2017, and in October 2017 formed Shepard PLLC, where he now practices in Boca Raton. He is a graduate of Princeton\nUniversity and Yale Law School.\n\n** **\n\n*Board Committees*\n\n \n\nWe do not have any Board committees. We anticipate\nthat as we grow our business, we may establish formal committees, which may include an audit committee, a compensation committee, and\na governance and nominating Committee.\n\n \n\n 23 \n\n [Table of Contents](#toc)\n\n \n\n**Code of Ethics**\n\n \n\nWe adopted a Code of Conduct and Ethics that applies\nto all officers, directors, and employees of our Company on February 27, 2019. Any person may, without charge, request a copy of our Code\nof Ethics by writing info@korthdirect.com. Our code of ethics is also available on our website at http://www.korthdirect.com."}