DYNEX CAPITAL INC Files DEF 14A with Executive Compensation Details

Ticker: DX-PC · Form: DEF 14A · Filed: Mar 28, 2024 · CIK: 826675

Dynex Capital Inc DEF 14A Filing Summary
FieldDetail
CompanyDynex Capital Inc (DX-PC)
Form TypeDEF 14A
Filed DateMar 28, 2024
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Dynex Capital, Executive Compensation, Corporate Governance, SEC Filing

TL;DR

<b>Dynex Capital Inc. has filed its DEF 14A, providing details on its corporate structure and reporting period.</b>

AI Summary

DYNEX CAPITAL INC (DX-PC) filed a Proxy Statement (DEF 14A) with the SEC on March 28, 2024. Dynex Capital Inc. filed a DEF 14A form on March 28, 2024. The filing covers the period ending May 17, 2024. The company's fiscal year ends on December 31. Dynex Capital Inc. is incorporated in Virginia. The company's business and mailing address is 4991 Lake Brook Drive, Suite 100, Glen Allen, VA 23060.

Why It Matters

For investors and stakeholders tracking DYNEX CAPITAL INC, this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation and corporate governance practices. It provides a snapshot of the company's financial reporting structure and key dates for the current fiscal year.

Risk Assessment

Risk Level: low — DYNEX CAPITAL INC shows low risk based on this filing. The filing is a standard DEF 14A, which is routine for public companies and does not contain new financial performance data or significant strategic shifts.

Analyst Insight

Review the executive compensation details within the DEF 14A to understand potential impacts on shareholder value and company strategy.

Key Numbers

  • 2024-03-28 — Filing Date (20240328)
  • 2024-05-17 — Period of Report (20240517)
  • 1231 — Fiscal Year End (1231)
  • VA — State of Incorporation (VA)
  • 8042175800 — Business Phone (8042175800)

Key Players & Entities

  • DYNEX CAPITAL INC (company) — FILER
  • 4991 LAKE BROOK DRIVE (address) — BUSINESS ADDRESS
  • GLEN ALLEN (location) — BUSINESS ADDRESS CITY
  • VA (location) — BUSINESS ADDRESS STATE
  • 23060 (postal_code) — BUSINESS ADDRESS ZIP
  • RESOURCE MORTGAGE CAPITAL INC/VA (company) — FORMER COMPANY
  • RESOURCE MORTGAGE INVESTMENT CORP (company) — FORMER COMPANY
  • RAC MORTGAGE INVESTMENT CORP /VA/ (company) — FORMER COMPANY

FAQ

When did DYNEX CAPITAL INC file this DEF 14A?

DYNEX CAPITAL INC filed this Proxy Statement (DEF 14A) with the SEC on March 28, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by DYNEX CAPITAL INC (DX-PC).

Where can I read the original DEF 14A filing from DYNEX CAPITAL INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by DYNEX CAPITAL INC.

What are the key takeaways from DYNEX CAPITAL INC's DEF 14A?

DYNEX CAPITAL INC filed this DEF 14A on March 28, 2024. Key takeaways: Dynex Capital Inc. filed a DEF 14A form on March 28, 2024.. The filing covers the period ending May 17, 2024.. The company's fiscal year ends on December 31..

Is DYNEX CAPITAL INC a risky investment based on this filing?

Based on this DEF 14A, DYNEX CAPITAL INC presents a relatively low-risk profile. The filing is a standard DEF 14A, which is routine for public companies and does not contain new financial performance data or significant strategic shifts.

What should investors do after reading DYNEX CAPITAL INC's DEF 14A?

Review the executive compensation details within the DEF 14A to understand potential impacts on shareholder value and company strategy. The overall sentiment from this filing is neutral.

How does DYNEX CAPITAL INC compare to its industry peers?

Dynex Capital Inc. operates within the Real Estate Investment Trusts (REITs) sector, as indicated by its SIC code [6798].

Are there regulatory concerns for DYNEX CAPITAL INC?

The filing is made under the Securities Exchange Act of 1934, which governs the reporting requirements for public companies.

Industry Context

Dynex Capital Inc. operates within the Real Estate Investment Trusts (REITs) sector, as indicated by its SIC code [6798].

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, which governs the reporting requirements for public companies.

What Investors Should Do

  1. Analyze the executive compensation structure detailed in the filing.
  2. Note the reporting period and fiscal year end for context.
  3. Verify the company's legal and business addresses provided.

Key Dates

  • 2024-03-28: Filing Date — The DEF 14A filing was submitted on this date.
  • 2024-05-17: Period of Report End Date — This is the end date for the reporting period covered by the filing.

Year-Over-Year Comparison

This is a DEF 14A filing, which typically provides information on proxy solicitations and executive compensation, and is a routine filing for public companies.

Filing Stats: 4,736 words · 19 min read · ~16 pages · Grade level 12.9 · Accepted 2024-03-28 17:03:13

Filing Documents

Executive Compensation

Executive Compensation 57 Proposal Two—Advisory and Non-Binding Vote to Approve Executive Compensation 58 Related Person Transactions 59 Proposal Three —Ratification of the Selection of the Company's Auditors 60 Audit Information 62 Deadlines for Submission of Shareholder Proposals 62 Annual Report on Form 10-K 2024 PROXY STATEMENT DYNEX CAPITAL, INC. PROXY STATEMENT ANNUAL MEETING OF SHAREHOLDERS 4991 Lake Brook Drive, Suite 100 Glen Allen, Virginia 23060 (804) 217-5800 To be held on May 17, 2024 TO OUR COMMON SHAREHOLDERS: This Proxy Statement is furnished to the holders of the common stock of Dynex Capital, Inc. (the "Company") in connection with the solicitation by the Company's Board of Directors (the "Board") of proxies to be used at the Annual Meeting of Shareholders of the Company to be held virtually on Friday, May 17, 2024 , at 9:00 a.m. Eastern Daylight Time (the "Annual Meeting"). Shareholders may attend the Annual Meeting by accessing www.meetnow.global/MG5CAWF and following the instructions in the beginning of this Proxy Statement. Shareholders will be able to listen, vote and submit questions during the Annual Meeting online. There will be no physical location for shareholders to attend the Annual Meeting. The Annual Meeting is being held for the purposes set forth in the accompanying Notice of Annual Meeting of Shareholders. As permitted by rules adopted by the SEC, the Company is making this Proxy Statement and its 2023 Annual Report to Shareholders available to most of our shareholders electronically over the Internet. On March 28, 2024, we commenced mailing to our shareholders a Notice of Internet Availability of Proxy Materials containing instructions on how to access this Proxy Statement and our Annual Report and vote over the Internet. Most shareholders will not receive a printed copy of the proxy materials in the mail, unless specifically requested. Instead, the Notice of Internet Availability of Proxy Mate

Executive Compensation

Executive Compensation 8 2024 PROXY STATEMENT DYNEX CAPITAL, INC. DIRECTOR NOMINEE BIOGRAPHIES BYRON L. BOSTON Chairman of the Board and Chief Executive Officer Byron L. Boston joined the Board in 2012 and was appointed to the role of Chairman in December 2023. Byron has served as the Chief Executive Officer since January 2014, and previously served as the President of Dynex from March 2012 to December 2020, and as Chief/Co-Chief Investment Officer from April 2008 until December 2023. Byron leads the strategic operations that have resulted in long term net gains and significant economic return for investors. Business Leadership: Byron brings more than 20 years of leadership experience and has an extensive background in U.S. real estate finance, asset management/investment banking, and fixed-income capital markets. Byron was successful in building Sunset Financial Resources, a mortgage REIT specializing in high-quality residential and commercial loans and securities, and instrumental in growing Dynex Capital's business after he joined the Company in 2008. Byron leverages this extensive experience and deep understanding of Dynex's growth and strategy to guide the Company's business operations and disciplined investment approach. As CEO and Chairman of Dynex's Board of Directors, he also helps drive continued collaboration between the Company's executive leadership team and Board. Mortgage-Backed Security Experience: Over the course of his career, Byron has gained significant experience in the debt and equity capital markets. During his six years at Freddie Mac, he developed and led the initial investment plan to grow the company's retained portfolio. Previously, Byron spent over a decade at Credit Suisse First Boston as a fixed income bond trader specializing in mortgage backed securities and over two years at Lehman Brothers as a mortgage-ba

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