8-K
filed April 8, 2022, 7:59 PM ET
ticker FNMA
CIK 0000310522
leadership
confidence high
sentiment neutral
materiality 0.75
Fannie Mae CEO Frater resigns; Benson named Interim CEO; Bair, Jenkins leave board
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- CEO Hugh R. Frater resigns effective May 1, 2022; President David C. Benson appointed Interim CEO and Board member, subject to FHFA approval.
- Directors Sheila C. Bair and Antony Jenkins resign from Board effective May 1, 2022; Michael J. Heid appointed Board Chair.
- Benson, formerly CFO, has been President since August 2018 and served as Interim CFO in 2021.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Hugh R. Frater resigned as Chief Executive Officer at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
Fannie Mae Chief Executive Officer Hugh R. Frater notified the company that he will resign as CEO and as a Board member effective May 1, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael J. Heid was appointed as Board Chair at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
- Action
- appointed
- Role
- Board Chair
Exact text from the filing
the Fannie Mae Board of Directors has appointed Michael J. Heid as Board Chair effective May 1, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sheila C. Bair resigned as Director at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
- Action
- resigned
- Role
- Director
Exact text from the filing
Sheila C. Bair notified Fannie Mae’s Board of Directors of her resignation from the Board of Directors effective May 1, 2022, as she plans to devote more time to her other professional and civic engagements.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Antony Jenkins resigned as Director at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
- Action
- resigned
- Role
- Director
Exact text from the filing
Antony Jenkins notified Fannie Mae’s Board of Directors of his resignation from the Board of Directors effective May 1, 2022, as he plans to devote more time to his other corporate and civic engagements.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David C. Benson was appointed as Interim Chief Executive Officer at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
- Action
- appointed
- Role
- Interim Chief Executive Officer
Exact text from the filing
the Fannie Mae Board of Directors appointed company President David C. Benson to also serve as Interim Chief Executive Officer and as a Board member of the company, effective May 1, 2022, subject to final approval by the Federal Housing Finance Agency.
View on SEC.gov
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