CHIMERA INVESTMENT CORP - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Chimera Investment Corporation (CIM) on April 2, 2021, covering events occurring on March 31, 2021. The Company is a Maryland corporation with its principal executive offices in New York, New York. It has multiple classes of securities registered on the New York Stock Exchange, including Common Stock and four series of Cumulative Redeemable Preferred Stock (Series A, B, C, and D).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data for the period.
Material Changes
The primary material change reported is the departure of two independent members of the Board of Directors:
- Dennis Mahoney: Notified the Company on March 31, 2021, that he will not stand for re-election at the 2021 Annual Meeting of Shareholders. His term ends on the day of the meeting.
- Paul Donlin: Notified the Company on March 31, 2021, that he intends to retire on the date of the 2021 Annual Meeting of Shareholders. His term ends on the day of the meeting.
Both directors stated they have no disagreements with the Company regarding its operations, policies, or practices.
Guidance, Outlook, and Risks
The filing does not contain management guidance, financial outlook, or specific risk factors related to operations. The document references a press release (Exhibit 99.1) regarding the board departures, which is furnished but not deemed "filed" for purposes of Section 18 of the Exchange Act.
Key Facts for Investor Verification
- Verify the date of the 2021 Annual Meeting of Shareholders to confirm the exact effective date of the board departures.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the board composition or succession planning.
- Confirm if the Company has nominated replacement candidates for the Board of Directors to fill the vacancies left by Mr. Mahoney and Mr. Donlin.
- Check subsequent filings (e.g., 10-Q or 10-K) for the financial metrics absent from this 8-K report.