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 16, 2021. The Company is a Maryland corporation with common stock and two series of preferred stock 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. Investors should refer to the Company's Form 10-K or 10-Q for financial statements.
Material Changes
No material financial changes are reported in this document. The filing details the outcomes of shareholder votes regarding board composition, executive compensation, and auditor ratification.
Management Commentary and Governance Outcomes
- Board of Directors Election: All four nominees were elected to the Board of Directors.
- Jeffrey B. Lown II: 6,625,522 votes for; 233,396 votes withheld.
- Joseph Murin: 5,016,478 votes for; 1,842,440 votes withheld.
- Regina Lowrie: 4,598,687 votes for; 2,260,231 votes withheld.
- Robert C. Mercer Jr.: 5,018,925 votes for; 1,839,993 votes withheld.
- Executive Compensation: Shareholders approved the non-binding advisory vote on executive compensation for the year ended December 31, 2020, with 5,895,855 votes for and 706,059 votes against.
- Auditor Ratification: Shareholders ratified the appointment of Ernst & Young LLP as the independent public auditor for 2021, with 12,536,208 votes for and 99,667 votes against.
Investor Verification Checklist
- Verify the total number of shares outstanding to contextualize the vote counts provided.
- Review the Company's most recent Form 10-K or 10-Q for financial performance data not included in this 8-K.
- Confirm the specific terms of the preferred stock series (CHMI-PRA and CHMI-PRB) referenced in the filing header.
- Check for any subsequent filings regarding the implementation of the ratified auditor appointment.