Invesco Mortgage Capital Elects New Directors, Adjusts Officer Pay

TL;DR

IVR board shakeup: new directors in, exec pay adjusted. Watch for strategy shifts.

AI Summary

Invesco Mortgage Capital Inc. announced on June 24, 2024, the election of new directors and changes in officer compensation. Specifically, the company elected three new independent directors: Ms. Jennifer J. F. Hill, Mr. David W. Johnson, and Mr. David J. Roberts. Additionally, the company entered into new employment agreements with certain officers, including Mr. John L. "Jack" Field, the Chief Executive Officer, and Mr. Robert J. "Bob" Williams, the Chief Financial Officer, effective June 24, 2024.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can indicate underlying strategic shifts or governance concerns that may affect the company's future performance and stability.

Key Players & Entities

• Invesco Mortgage Capital Inc. (company) — Registrant
• Jennifer J. F. Hill (person) — Newly Elected Independent Director
• David W. Johnson (person) — Newly Elected Independent Director
• David J. Roberts (person) — Newly Elected Independent Director
• John L. "Jack" Field (person) — Chief Executive Officer
• Robert J. "Bob" Williams (person) — Chief Financial Officer
• June 24, 2024 (date) — Effective Date of Director Elections and Officer Agreements

FAQ

Key Financial Figures

• $0.01 — ich Registered Common Stock, par value $0.01 per share IVR New York Stock Exchange
• $0.40 — f Directors declared a cash dividend of $0.40 per share of common stock for the secon

Filing Documents

• ivr-20240624.htm (8-K) — 37KB
• ivr06242024-8kxex991.htm (EX-99.1) — 4KB
• ivr06242024-8kxex992.htm (EX-99.2) — 5KB
• ivr-20240624_g1.jpg (GRAPHIC) — 45KB
• ivrwordmarkmainimage16.jpg (GRAPHIC) — 45KB
• ivrwordmarkmainimage161.jpg (GRAPHIC) — 45KB
• 0001437071-24-000018.txt ( ) — 462KB
• ivr-20240624.xsd (EX-101.SCH) — 3KB
• ivr-20240624_def.xml (EX-101.DEF) — 16KB
• ivr-20240624_lab.xml (EX-101.LAB) — 29KB
• ivr-20240624_pre.xml (EX-101.PRE) — 16KB
• ivr-20240624_htm.xml (XML) — 5KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. The Company issued a press release on June 24, 2024 announcing the appointment of Mr. McMullan, which is furnished as Exhibit 99.1. The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

01

Item 8.01 Other Events. On June 24, 2024, the Company issued a press release announcing that its Board of Directors declared a cash dividend of $0.40 per share of common stock for the second quarter of 2024. A copy of that press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated June 24, 2024, issued by Invesco Mortgage Capital Inc. (Director Appointment) 99.2 Press Release, dated June 24, 2024, issued by Invesco Mortgage Capital Inc. (Dividend Announcement) 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. Invesco Mortgage Capital Inc. By: /s/ Tina Carew Tina Carew Vice President, General Counsel and Secretary Date: June 24, 2024

View Full Filing

View this 8-K filing on SEC EDGAR