Freddie Mac Single-Family EVP Donna Corley steps down; separation agreement signed

FEDERAL HOME LOAN MORTGAGE CORP

Donna Corley, EVP of Single-Family Business, to step down effective May 26, 2022; six-month transition period ends Nov 25, 2022.
During transition, she will serve as EVP, Special Advisor reporting to President, with same compensation and benefits.
Agreement includes mutual non-disparagement, 12-month non-compete with Fannie Mae and FHLBs, and non-solicitation of Freddie Mac employees.
Corley will execute a second release after separation date, with no additional consideration.
No knowledge of fraudulent conduct; she releases all claims against Freddie Mac and related parties.

item 5.02 item 9.01

Executive movements

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Departed

Donna Corley

EVP, Single-Family Business

FMCC · FEDERAL HOME LOAN MORTGAGE CORP

Effective: 2022-05-26
Filed: June 1, 2022, 7:59 PM ET

On May 25, 2022, Freddie Mac (formally the Federal Home Loan Mortgage Corporation) entered into a Separation Agreement and General Release (Agreement and Release) with Donna Corley in connection with her stepping down from her position as head of Freddie Mac’s Single-Family division, which was previously disclosed on and effective May 26, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Donna Corley departed as EVP, Single-Family Business at FEDERAL HOME LOAN MORTGAGE CORP.

Action: stepped down
Role: EVP, Single-Family Business

Exact text from the filing

On May 25, 2022, Freddie Mac (formally the Federal Home Loan Mortgage Corporation) entered into a Separation Agreement and General Release (Agreement and Release) with Donna Corley in connection with her stepping down from her position as head of Freddie Mac’s Single-Family division, which was previously disclosed on and effective May 26, 2022.

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Source: SEC EDGAR

accession 0001026214-22-000076

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