Bimini Capital Management, Inc. Files DEF 14A for Annual Meeting

TL;DR

<b>Bimini Capital Management, Inc. has filed its DEF 14A proxy statement detailing corporate governance and executive compensation information.</b>

AI Summary

BIMINI CAPITAL MANAGEMENT, INC. (BMNM) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. Bimini Capital Management, Inc. filed a DEF 14A form on April 29, 2024. The filing pertains to the period ending June 11, 2024. The company's fiscal year ends on December 31. Bimini Capital Management, Inc. was formerly known as Opteum Inc. and Bimini Mortgage Management Inc. The company is incorporated in Maryland.

Why It Matters

For investors and stakeholders tracking BIMINI CAPITAL MANAGEMENT, INC., this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and make informed voting decisions at the upcoming annual meeting. The DEF 14A provides insights into the company's financial performance and strategic direction as reported by management.

Risk Assessment

Risk Level: low — BIMINI CAPITAL MANAGEMENT, INC. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate disclosure rather than significant new risks or events.

Analyst Insight

Shareholders should review the executive compensation details and any proposals presented to vote on at the annual meeting.

Key Numbers

• 2024-04-29 — Filing Date (DEF 14A filing date)
• 2024-06-11 — Period of Report (Conformed period of report)
• 1231 — Fiscal Year End (Company's fiscal year end)
• 001-32171 — SEC File Number (SEC file number for the company)

Key Players & Entities

• BIMINI CAPITAL MANAGEMENT, INC. (company) — Filer name
• DEF 14A (document) — Form type
• 2024-04-29 (date) — Filing date
• 2024-06-11 (date) — Period of report
• Opteum Inc. (company) — Former company name
• BIMINI MORTGAGE MANAGEMENT INC (company) — Former company name
• VERO BEACH (location) — Business address city
• 772 231 1400 (phone) — Business phone

FAQ

Industry Context

Bimini Capital Management, Inc. operates as a real estate investment trust (REIT) focused on mortgage investments.

Regulatory Implications

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934 for publicly traded companies to provide information to shareholders regarding annual meetings.

What Investors Should Do

1. Review the proxy statement for details on director nominations and voting procedures.
2. Examine the executive compensation tables and the Compensation Discussion and Analysis section.
3. Note any shareholder proposals or other business to be conducted at the annual meeting.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure document. No specific comparative data from a previous filing is immediately apparent in the provided text.

Key Financial Figures

• $0.001 — Common Stock and Class B Common Stock, $0.001 par value per share, as of that date ar
• $4.25 billion — ager, or assistant portfolio manager of $4.25 billion (base capital, unlevered amount) in mor

Filing Documents

• bcmi20240301_def14a.htm (DEF 14A) — 438KB
• bcmi20230316_def14aimg001.jpg (GRAPHIC) — 5KB
• bcmi20230316_def14aimg002.jpg (GRAPHIC) — 2KB
• bcmi20230316_def14aimg003.jpg (GRAPHIC) — 3KB
• bmnm_chair.jpg (GRAPHIC) — 1KB
• bmnm_check.jpg (GRAPHIC) — 1KB
• bmnm_internet.jpg (GRAPHIC) — 5KB
• bmnm_mail.jpg (GRAPHIC) — 6KB
• bmnm_telephone.jpg (GRAPHIC) — 5KB
• card1.jpg (GRAPHIC) — 50KB
• card2.jpg (GRAPHIC) — 49KB
• pvp2024a.jpg (GRAPHIC) — 24KB
• pvp2024b.jpg (GRAPHIC) — 24KB
• 0001437749-24-013556.txt (&nbsp;) — 1444KB
• bmnm-20231231.xsd (EX-101.SCH) — 3KB
• bmnm-20231231_def.xml (EX-101.DEF) — 2KB
• bmnm-20231231_lab.xml (EX-101.LAB) — 2KB
• bmnm-20231231_pre.xml (EX-101.PRE) — 1KB
• bcmi20240301_def14a_htm.xml (XML) — 143KB

Executive Compensation

Executive Compensation 19 Summary Compensation Table 19 Pay Versus Performance 20 Potential Payments Upon Termination of Change in Control 22

Security Ownership of Management and Certain Beneficial Owners

Security Ownership of Management and Certain Beneficial Owners 23 Delinquent Section 16(a) Reports 24 Code of Business Conduct and Ethics 24 Certain Relationships and Related Parties 24 Stockholder Communications 26 Proposals of Stockholders 26 "Householding " of Proxy Statement and Annual Report 26 2023 Annual Report 27 Other Matters 27 Adjournments 27 BIMINI CAPITAL MANAGEMENT, INC. 3305 Flamingo Drive Vero Beach, Florida 32963 (772) 231-1400 PROXY STATEMENT ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 11, 2024 This proxy statement is furnished in connection with the solicitation of proxies by the Board of Directors (the " Board of Directors " or the " Board ") of Bimini Capital Management, Inc., a Maryland corporation, for use at our 2024 Annual Meeting of Stockholders (the " Annual Meeting ") to be held on June 11, 2024, at 8:00 a.m. Eastern Time at the principal executive office of Bimini Capital Management, Inc., 3305 Flamingo Drive, Vero Beach, Florida 32963, and for the purposes set forth in the accompanying Notice of Annual Meeting of Stockholders, and at any adjournments or postponements to the meeting. Unless the context requires otherwise, references in this proxy statement to "BMNM," "our company," "we," "us" and the "Company" refer to Bimini Capital Management, Inc. This proxy statement, the accompanying proxy card and our annual report to stockholders, which includes our annual report on Form 10-K with audited financial statements for the year ended December 31, 2023 (our " 2023 Annual Report "), are first being sent to our common stockholders on or about April 29, 2024. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 11, 2024: This proxy statement and our 2023 Annual Report are available on the Internet at https://ir.biminicapital.com . On this website, you will be able to access this proxy statement, our 2023 Annual R

View Full Filing

View this DEF 14A filing on SEC EDGAR