---
schema_version: "secwatch.filing_event.v1"
accession: "0000310522-22-000186"
form_type: "8-K"
ticker: "FNMA"
cik: "0000310522"
company_name: "FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE"
filed_at: "2022-04-08T23:59:59+00:00"
generated_at: "2026-06-26T08:35:00.288080+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fannie Mae CEO Frater resigns; Benson named Interim CEO; Bair, Jenkins leave board

## Summary
- 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.

## SEC filing metadata
- accession: 0000310522-22-000186
- form_type: 8-K
- ticker: FNMA
- cik: 0000310522
- company_name: FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- filed_at: 2022-04-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/310522/000031052222000186/0000310522-22-000186-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/310522/000031052222000186/fnm-20220407.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000310522-22-000186
- JSON: https://secwatch.observer/filing/0000310522-22-000186.json
- Plain text: https://secwatch.observer/filing/0000310522-22-000186.txt

## Key facts
- Executive change
  Hugh R. Frater resigned as Chief Executive Officer at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052222000186/0000310522-22-000186-index.htm
- Executive change
  Michael J. Heid was appointed as Board Chair at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
  - Action: appointed
  - Role: Board Chair
  source text: the Fannie Mae Board of Directors has appointed Michael J. Heid as Board Chair effective May 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052222000186/0000310522-22-000186-index.htm
- Executive change
  Sheila C. Bair resigned as Director at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052222000186/0000310522-22-000186-index.htm
- Executive change
  Antony Jenkins resigned as Director at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052222000186/0000310522-22-000186-index.htm
- Executive change
  David C. Benson was appointed as Interim Chief Executive Officer at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052222000186/0000310522-22-000186-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.