Business Context and Reporting Period
This Form 8-K Current Report was filed by Chimera Investment Corporation on May 16, 2013. The filing reports on corporate governance changes, specifically the appointment of a new Chief Financial Officer and the resignation of the previous CFO, effective immediately on the date of the report.
Key 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 personnel changes and does not contain financial performance data.
Material Changes
- Appointment: Robert Colligan was appointed as Chief Financial Officer, effective May 16, 2013. He will oversee treasury, accounting, and financial reporting functions.
- Resignation: A. Alexandra Denahan resigned from her position as Chief Financial Officer, effective May 16, 2013.
- Continuity: Ms. Denahan will continue to serve as the Company's principal financial officer and principal accounting officer following her resignation as CFO.
Management Commentary and Background
Mr. Colligan brings over 20 years of experience in accounting and finance. Prior to joining Chimera, he served as Controller at Starwood Capital Group for five years. His previous roles include Managing Director at Bear Stearns (2002–2008) and Vice President at Merrill Lynch (1999–2002). He is a Certified Public Accountant with degrees from Villanova University and George Washington University. Concurrent with his appointment at Chimera, Fixed Income Discount Advisory Company, the external manager, hired Mr. Colligan as a Managing Director. The filing states there are no family relationships between Mr. Colligan and any director or executive officer, and no undisclosed related party transactions exist.
Investor Verification Checklist
- Confirm the effective date of the CFO transition (May 16, 2013).
- Verify the continued role of A. Alexandra Denahan as principal financial and accounting officer.
- Review the press release (Exhibit 99.1) for additional details on the leadership transition.
- Check subsequent filings for any impact on financial reporting timelines or internal controls due to the personnel change.