Business Context and Reporting Period
This Form 8-K filing by Cherry Hill Mortgage Investment Corp. reports on the annual meeting of security holders held on June 14, 2017. The report date is June 15, 2017.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance voting results.
Material Changes
No material financial changes were reported in this filing. The primary event was the election of directors and the ratification of auditors.
Corporate Governance and Voting Results
Director Elections
Four nominees were elected to the board of directors. The voting breakdown is as follows:
- Jeffrey B. Lown II: 6,155,239 votes for; 162,269 votes withheld; 4,627,528 broker non-votes.
- Robert C. Mercer Jr.: 6,149,389 votes for; 168,479 votes withheld; 4,627,528 broker non-votes.
- Joseph Murin: 4,839,763 votes for; 1,478,105 votes withheld; 4,627,528 broker non-votes.
- Regina Lowrie: 4,841,973 votes for; 1,475,895 votes withheld; 4,627,528 broker non-votes.
Auditor Ratification
Security holders ratified the appointment of Ernst & Young LLP as the independent public auditors for 2017.
- Votes For: 10,860,799
- Votes Against: 53,776
- Abstentions: 30,821
Investor Verification Checklist
- Verify the total number of shares outstanding to contextualize the broker non-vote count (4,627,528).
- Review the proxy statement for the rationale behind the significant number of votes withheld for Joseph Murin and Regina Lowrie compared to the other nominees.
- Confirm the independence and scope of the newly ratified auditor, Ernst & Young LLP.