secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE (FNMA)
CIK:        0000310522
Form:       8-K
Filed at:   2022-09-29T23:59:59+00:00
Accession:  0000310522-22-000559
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Fannie Mae appoints Priscilla Almodovar as CEO effective Dec 5, 2022; Benson steps down as interim CEO
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- Priscilla Almodovar appointed CEO and board member; effective December 5, 2022.
- Annual base salary of $600,000; eligible for employee benefits and relocation plan with 18-month retention condition.
- Almodovar previously CEO of Enterprise Community Partners; former managing director at JPMorgan Chase.
- Fannie Mae has business relationships with Enterprise including $150M LIHTC commitments in 2022 and less than $10B in DUS loans serviced by Bellwether.
- David C. Benson steps down as interim CEO but remains President of Fannie Mae.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310522/000031052222000559/0000310522-22-000559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310522/000031052222000559/fnm-20220928.htm
  HTML page:      https://secwatch.observer/filing/0000310522-22-000559

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