Angel Oak Mortgage REIT, Inc. — Form 8-K Summary
Business context and reporting period
Angel Oak Mortgage REIT, Inc. filed a Form 8-K dated May 15, 2024, reporting the results of its 2024 Annual Meeting of Stockholders held on that date. The filing was signed on May 16, 2024. The company is a Maryland corporation whose common stock trades on the New York Stock Exchange under the symbol AOMR.
Annual meeting results and key metrics
- As of the March 19, 2024 record date, 24,965,274 common shares were issued and outstanding.
- At the meeting, 22,517,915 shares were represented in person or by proxy, establishing a quorum.
- All eight director nominees were elected to serve until the 2025 Annual Meeting and until their successors qualify.
- KPMG LLP’s appointment as the independent registered public accounting firm for the year ending December 31, 2024, was ratified by 22,480,487 votes for, 27,059 against, and 10,369 abstentions.
- The non-binding advisory resolution approving compensation of the named executive officers received 18,393,452 votes for, 1,992,669 against, 43,294 abstentions, and 2,088,500 broker non-votes.
Director election results
| Nominee | Votes for | Votes withheld | Broker non-votes |
|---|---|---|---|
| Michael Fierman | 20,066,524 | 362,891 | 2,088,500 |
| Edward Cummings | 20,011,012 | 418,403 | 2,088,500 |
| Craig Jones | 16,965,016 | 3,464,399 | 2,088,500 |
| W.D. “Denny” Minami | 17,489,849 | 2,939,566 | 2,088,500 |
| Jonathan Morgan | 17,462,251 | 2,967,164 | 2,088,500 |
| Landon Parsons | 20,325,897 | 103,518 | 2,088,500 |
| Noelle Savarese | 20,384,452 | 44,963 | 2,088,500 |
| Vikram Shankar | 20,002,323 | 427,092 | 2,088,500 |
Financial information, changes, outlook, and risks
This filing does not provide revenue, profit, cash flow, margin, debt, liquidity, operating guidance, management outlook, contingencies, or other financial-period metrics. It does not identify material changes versus a prior comparable period or disclose unusual financial items.
Important facts for investors to verify
- Confirm the composition of the Board of Directors following the election of all eight nominees.
- Note that KPMG LLP was ratified as the independent auditor for the year ending December 31, 2024.
- Consider the advisory executive compensation vote, which passed based on the reported vote totals but included 2,088,500 broker non-votes.
- Review the company’s subsequent periodic filings for financial performance, leverage, liquidity, dividend policy, and forward-looking commentary not included in this 8-K.