Chimera Investment Reports Officer/Director Changes, Comp Arrangements

TL;DR

**Chimera Investment Corp filed an 8-K on Jan 17, 2024, detailing executive changes and compensation arrangements from Jan 10, 2024.**

AI Summary

Chimera Investment Corporation filed an 8-K on January 17, 2024, reporting an event that occurred on January 10, 2024. The filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'. This matters to investors because changes in leadership or executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.

Why It Matters

Changes in executive leadership or compensation can directly influence a company's strategic direction and financial stability, which are critical factors for stock valuation.

Risk Assessment

Risk Level: medium — Changes in leadership or compensation can introduce uncertainty, but the specific details are not yet public, making the immediate risk moderate.

Analyst Insight

A smart investor would monitor subsequent filings or company announcements for specific details regarding the executive changes and compensation arrangements to understand their potential impact on the company's future performance and strategy.

Key Players & Entities

• CHIMERA INVESTMENT CORPORATION (company) — the registrant filing the 8-K
• January 10, 2024 (date) — date of the earliest event reported
• January 17, 2024 (date) — date the 8-K was filed
• Maryland (company) — state of incorporation for Chimera Investment Corporation
• 001-33796 (dollar_amount) — Commission File Number

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share CIM New York Stock Exchan
• $6,000 — v) the Company will reimburse him up to $6,000 for the reasonable attorneys' fees and

Filing Documents

• d726079d8k.htm (8-K) — 40KB
• d726079dex101.htm (EX-10.1) — 54KB
• g726079g0116194409329.jpg (GRAPHIC) — 4KB
• 0001193125-24-009272.txt ( ) — 291KB
• cim-20240110.xsd (EX-101.SCH) — 4KB
• cim-20240110_def.xml (EX-101.DEF) — 15KB
• cim-20240110_lab.xml (EX-101.LAB) — 24KB
• cim-20240110_pre.xml (EX-101.PRE) — 16KB
• d726079d8k_htm.xml (XML) — 9KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Departure of Choudhary Yarlagadda On January 10, 2024, Chimera Investment Corporation (the " Company ") and Choudhary Yarlagadda mutually agreed that Mr. Yarlagadda will retire from employment with the Company and resign from the Board of Directors of the Company (the " Board "), effective (i) March 31, 2024 or, if mutually agreed upon by the parties, an earlier date on or after February 28, 2024 (in either case, the " Scheduled Separation Date ") or (ii) if applicable, such earlier date of separation (the date on which separation from service actually occurs, the " Separation Date "). Until the Separation Date, Mr. Yarlagadda is expected to continue to serve as President, Chief Operating Officer and Co-Chief Investment Officer and as a member of the Board and to assist with the transition of his duties. Mr. Yarlagadda has acknowledged that he does not have any disagreements or disputes with the Company and he has chosen to retire voluntarily pursuant to the Employment Agreement between Mr. Yarlagadda and the Company, dated March 24, 2023 and effective January 1, 2023 (the " Employment Agreement "). In connection with his retirement, on January 10, 2024, Mr. Yarlagadda executed a transition, separation and release agreement with the Company (the " Transition Agreement "), which includes his notice of termination pursuant to the voluntary resignation provisions of his Employment Agreement. The Transition Agreement provides that Mr. Yarlagadda will step down from his positions as President, Chief Operating Officer and Co-Chief Investment Officer and as a member of the Board, effective as of the Separation Date. The Transition Agreement also includes a general release of claims by Mr. Yarlagadda. In connection with the retirement of Mr. Yarlagadda, on January 10, 2024, the Board decreased its size by one

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Letter of Agreement and General Release, dated January 10, 2024, between Chimera Investment Corporation and Choudhary Yarlagadda. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CHIMERA INVESTMENT CORPORATION Date: January 17, 2024 By: /s/ Miyun Sung Miyun Sung Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR