Business Context and Reporting Period
This Form 8-K filing by Chimera Investment Corporation reports on the Annual Meeting of Stockholders held on May 31, 2018. The meeting addressed the election of directors, executive compensation, and the ratification of the independent auditor.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
The filing details the outcomes of three proposals submitted to stockholders. A total of 187,852,410 shares were entitled to vote, with 170,930,709 shares (90.99%) present in person or by proxy.
- Proposal 1 (Election of Directors): Three Class II directors were elected to serve until the 2021 Annual Meeting:
- Dennis Mahoney: 95,539,689 For; 1,405,391 Against; 431,598 Abstentions.
- Teresa Bazemore: 95,818,111 For; 1,101,913 Against; 456,654 Abstentions.
- Debra Still: 95,731,382 For; 1,162,946 Against; 482,350 Abstentions.
- Proposal 2 (Executive Compensation): The non-binding advisory vote on executive compensation passed with 91,931,071 For votes, 4,193,874 Against votes, and 1,251,733 Abstentions.
- Proposal 3 (Auditor Ratification): The appointment of Ernst & Young LLP as the independent registered public accounting firm was ratified with 168,440,834 For votes, 1,401,203 Against votes, and 1,088,672 Abstentions.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, financial guidance, outlook, risks, contingencies, or unusual items. It refers investors to the definitive proxy statement on Schedule 14A filed on April 19, 2018, for further information regarding the proposals.
Key Facts for Investor Verification
- Verify the tenure of the newly elected Class II directors (Dennis Mahoney, Teresa Bazemore, Debra Still) through the 2021 Annual Meeting.
- Confirm the continued engagement of Ernst & Young LLP as the independent auditor for the current fiscal year.
- Note the high level of shareholder participation (90.99%) and the strong support for the executive compensation advisory vote.
- Review the Schedule 14A proxy statement filed on April 19, 2018, for detailed background on the proposals and director biographies.