Business Context and Reporting Period
This Form 8-K filing by Cherry Hill Mortgage Investment Corp (CHMI) reports on the results of the annual meeting of security holders held on June 17, 2020. The Company is a Maryland corporation with securities listed on the New York Stock Exchange.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The filing text does not provide a clear value for any financial indicators.
Material Changes
There are no material financial changes reported in this document. The filing details the outcomes of shareholder votes regarding board composition, executive compensation, and auditor ratification.
Corporate Governance and Voting Results
- Board of Directors Election: All four nominees were elected to the board of directors.
- Jeffrey B. Lown II: 7,116,910 votes for; 193,103 votes withheld.
- Joseph Murin: 5,134,987 votes for; 2,175,026 votes withheld.
- Regina Lowrie: 5,732,255 votes for; 1,577,758 votes withheld.
- Robert C. Mercer Jr.: 5,726,807 votes for; 1,583,206 votes withheld.
- Executive Compensation (Say-on-Pay): Security holders approved the compensation of named executive officers for the year ended December 31, 2019, on a non-binding advisory basis.
- Votes For: 5,584,562
- Votes Against: 1,549,738
- Broker Non-Votes: 7,383,944
- Auditor Ratification: Security holders ratified the appointment of Ernst & Young LLP as the independent public auditors for 2020.
- Votes For: 13,619,563
- Votes Against: 824,322
- Abstentions: 250,072
Investor Verification Checklist
- Verify the total number of shares outstanding to contextualize the voting percentages.
- Review the Company's most recent 10-K or 10-Q for financial performance data, as this 8-K contains no financial metrics.
- Confirm the tenure and background of the newly elected board members.
- Check for any dissenting opinions or proxy contest details regarding the significant number of votes withheld for certain directors.