---
schema_version: "secwatch.filing_event.v1"
accession: "0000826675-24-000089"
form_type: "8-K"
ticker: "DX"
cik: "0000826675"
company_name: "DYNEX CAPITAL INC"
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:46:44.841567+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dynex Capital promotes Popenoe to Co-CEO, appoints Colligan COO and new CTO

## Summary
- Smriti Popenoe named Co-CEO alongside Chairman Byron Boston; remains President and CIO.
- Rob Colligan promoted to COO while retaining CFO role; oversees finance, legal, HR, IT.
- Harman Sahni hired as CTO, reporting to Colligan; previously at Rithm Capital and Annaly Capital.
- Other promotions: Robert Nilson to CRO, Jeff Childress to CAO, Rebecca Imhof to Controller.
- Updated employment agreements: Popenoe base salary rises from $800k to $900k; Colligan from $500k to $560k; target long-term incentives increased.

## SEC filing metadata
- accession: 0000826675-24-000089
- form_type: 8-K
- ticker: DX
- cik: 0000826675
- company_name: DYNEX CAPITAL INC
- filed_at: 2024-07-22T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826675/000082667524000089/0000826675-24-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826675/000082667524000089/dx-20240718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826675-24-000089
- JSON: https://secwatch.observer/filing/0000826675-24-000089.json
- Plain text: https://secwatch.observer/filing/0000826675-24-000089.txt

## Key facts
- Executive change
  Byron L. Boston changed role as Co-Chief Executive Officer and Chairman of the Board at DYNEX CAPITAL INC.
  - Role: Co-Chief Executive Officer and Chairman of the Board
  source text: Mr. Boston’s new title is Co-Chief Executive Officer and Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/826675/000082667524000089/0000826675-24-000089-index.htm
- Executive change
  Robert S. Colligan was appointed as Chief Operating Officer at DYNEX CAPITAL INC.
  - Action: appointed
  - Role: Chief Operating Officer
  source text: Also on July 18, 2024, the Board appointed Robert S. Colligan, the Company’s current Executive Vice President, Chief Financial Officer and Secretary, as the Company’s Chief Operating Officer, effective as of July 22, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/826675/000082667524000089/0000826675-24-000089-index.htm
- Executive change
  Smriti L. Popenoe was appointed as Co-Chief Executive Officer at DYNEX CAPITAL INC.
  - Action: appointed
  - Role: Co-Chief Executive Officer
  source text: On July 18, 2024, the board of directors (the “ Board ”) of Dynex Capital, Inc. (the “ Company ”) appointed Smriti L. Popenoe, the Company’s current President and Chief Investment Officer, as the Company’s Co-Chief Executive Officer and co-principal executive officer, effective as of July 22, 2024, to serve alongside Byron L. Boston, the Company’s current Chairman of the Board and Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/826675/000082667524000089/0000826675-24-000089-index.htm

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