SEC Filing Summary: New York Mortgage Trust, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed by New York Mortgage Trust, Inc. (the "Company") on June 15, 2009, covering events occurring on June 9, 2009, and June 15, 2009. The filing details corporate governance actions taken at the Annual Meeting of Stockholders and the declaration of second-quarter dividends.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to dividend declarations:
- Common Stock Dividend: $0.23 per share for the quarter ending June 30, 2009.
- Series A Preferred Stock Dividend: $0.575 per share for the second quarter of 2009.
- Payment Dates: Common stock dividend payable July 27, 2009; Preferred stock dividend payable July 31, 2009.
Material Changes
The Company's stockholders approved a Charter Amendment effective June 12, 2009, which includes the following material changes:
- Ownership Limits: Reduced the aggregate stock ownership limit and the common stock ownership limit from 9.9% to 5.0%.
- Procedural Clarification: Amended Section 7.2.8 to clarify the process for increasing or decreasing ownership limits.
- Excepted Holder Status: Removed references to Steven B. Schnall as an excepted holder.
Guidance, Outlook, and Corporate Actions
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies beyond the standard incorporation of the proxy statement. Key corporate actions include:
- Board Elections: Stockholders elected Steven M. Abreu, James J. Fowler, Alan L. Hainey, Steven R. Mumma, and Steven G. Norcutt to serve as directors until the 2010 Annual Meeting.
- Auditor Ratification: Stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2009.
Investor Verification Checklist
- Verify the effective date of the Charter Amendment (June 12, 2009) and its impact on existing shareholders holding more than 5.0%.
- Confirm the record dates for dividend eligibility (June 26, 2009 for common stock; June 30, 2009 for Series A Preferred Stock).
- Review the full text of the Charter Amendment filed as Exhibit 3.1(f) for complete legal terms regarding ownership limits.
- Check the definitive proxy statement filed on April 28, 2009, for detailed background on the Charter Amendment proposal.