Fannie Mae Reports Director Changes and Compensation Updates
Ticker: FNMAP · Form: 8-K · Filed: Dec 23, 2024 · CIK: 310522
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: FNMA
TL;DR
Fannie Mae's board is shuffling, and exec pay is getting updated. Keep an eye on governance.
AI Summary
On December 20, 2024, Federal National Mortgage Association (Fannie Mae) filed an 8-K report detailing changes in its board of directors and executive compensation. The filing indicates the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific details regarding the individuals involved and the exact nature of the compensation changes are outlined within the report.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and financial priorities, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and director roles, along with compensation adjustments, can introduce uncertainty and signal underlying strategic shifts or governance concerns.
Key Numbers
- 0000310522-24-000820 — Accession Number (Unique identifier for the filing)
- 000-50231 — SEC File Number (Fannie Mae's SEC registration number)
Key Players & Entities
- Federal National Mortgage Association (company) — Registrant
- Fannie Mae (company) — Registrant's common name
- December 20, 2024 (date) — Date of earliest event reported
- 1100 15th Street, NW, Washington, DC 20005 (location) — Principal executive offices address
FAQ
What specific items are being reported under the 8-K filing?
The filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
When was the earliest event reported in this filing?
The earliest event reported was on December 20, 2024.
What is the principal executive office address for Fannie Mae?
The principal executive office address is 1100 15th Street, NW, Washington, DC 20005.
What is the IRS Employer Identification Number for Fannie Mae?
The IRS Employer Identification Number is 52-0883107.
What is the SIC code for Federal National Mortgage Association?
The Standard Industrial Classification (SIC) code is 6111 for FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES.
Filing Stats: 2,846 words · 11 min read · ~9 pages · Grade level 16.7 · Accepted 2024-12-23 16:07:23
Key Financial Figures
- $73 billion — size The 2025 Scorecard establishes a $73 billion cap on the multifamily purchase volume
- $146 billion — ach Enterprise, for a combined total of $146 billion applicable for calendar year 2025. With
Filing Documents
- fnm-20241220.htm (8-K) — 66KB
- 0000310522-24-000820.txt ( ) — 182KB
- fnm-20241220.xsd (EX-101.SCH) — 2KB
- fnm-20241220_lab.xml (EX-101.LAB) — 19KB
- fnm-20241220_pre.xml (EX-101.PRE) — 11KB
- fnm-20241220_htm.xml (XML) — 2KB
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. FEDERAL NATIONAL MORTGAGE ASSOCIATION By /s/ Thomas L. Klein Thomas L. Klein Enterprise Deputy General Counsel—Vice President Date: December 23, 2024 7