Freddie Mac Amends Director/Officer Filings

TL;DR

Freddie Mac filed an amendment on director/officer changes and compensation, effective Dec 20, 2024.

AI Summary

Federal Home Loan Mortgage Corporation (Freddie Mac) filed an 8-K/A on February 5, 2025, to amend a previous filing. The amendment pertains to the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, with the earliest event reported as of December 20, 2024.

Why It Matters

This amendment clarifies changes in the company's leadership and executive compensation, which can impact investor confidence and corporate governance.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing clarifying existing information, not a new material event.

Key Players & Entities

• Federal Home Loan Mortgage Corporation (company) — Registrant
• Freddie Mac (company) — Registrant's common name
• December 20, 2024 (date) — Date of earliest event reported
• February 5, 2025 (date) — Filing date

FAQ

Filing Documents

• fmcc-20241220.htm (8-K/A) — 34KB
• 0001026214-25-000019.txt ( ) — 144KB
• fmcc-20241220.xsd (EX-101.SCH) — 2KB
• fmcc-20241220_lab.xml (EX-101.LAB) — 19KB
• fmcc-20241220_pre.xml (EX-101.PRE) — 11KB
• fmcc-20241220_htm.xml (XML) — 2KB

From the Filing

fmcc-20241220 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 20, 2024 Federal Home Loan Mortgage Corporation (Exact name of registrant as specified in its charter) Freddie Mac Federally chartered corporation 001-34139 52-0904874 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 8200 Jones Branch Drive McLean Virginia 22102-3110 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 703 ) 903-2000 Not applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered None N/A N/A Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 26, 2024, Freddie Mac (formally known as the Federal Home Loan Mortgage Corporation) filed a Current Report on Form 8-K to report that the Federal Housing Finance Agency (FHFA, the Conservator) had published the 2025 Scorecard on December 20, 2024. On January 31, 2025, FHFA published an updated 2025 Scorecard for Freddie Mac. The update modified the final item of the Assessment Criteria set forth in the December 20, 2024 version of the Scorecard, which stated that "Each entity prioritizes diversity, equity, and inclusion in all aspects of strategic planning, operations and business development." This criterion was modified to state that "Each entity maintains compliance with all applicable laws and regulations." Compensation for each of our named executive officers, other than our CEO, is governed by the Executive Management Compensation Program. A principal element of such compensation is deferred salary, a portion of which is subject to reduction based on corporate and individual performance. One-half of a participating officer's At-Risk Deferred Salary (or 15% of Target Total Direct Compensation) is subject to reduction based on FHFA's assessment of Freddie Mac's performance against the objectives and assessment criteria set forth in the Scorecard. The Assessment Criteria are set forth below. The remainder of the Scorecard was unchanged. 2025 Scorecard for Freddie Mac, Fannie Mae, and Common Securitization Solutions For all Scorecard items, FHFA will assess Freddie Mac and Fannie Mae (the Enterprises) and Common Securitization Solutions, LLC (CSS) based on the following criteria: 1 Assessment Criteria Each entity's products and programs foster liquid, competitive, efficient, and resilient housing finance markets that support affordable, sustainable, and equitable access to homeownership and rental housing. Each entity conducts business in a safe and sound manner. Each entity meets expectations under all FHFA requirements, including those pertaining to capital, liquidity, and credit risk transfer. Each entity continues to manage operations while in conservatorship in a manner that preserves and conserves assets through the prudent stewardship of resources. Each entity cooperates and collaborates with FHFA in developing plans, policies, and activities that align with the Conservator's priorities and guidance, as well as with FHFA's FAIR values (Fairness, Accountability, Integrity, and Respect). Each entity delivers work products that are high quality, thorough, creative, effective, and timely, while considering their effects on homeowners, multifamily property owners, renters, the Enterprises, the industry, the secondary mortgage market, and other stakeholders. Each entity maintains compliance with all appl

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View this 8-K/A filing on SEC EDGAR