8-K filed September 10, 2024, 7:59 PM ET ticker FMCC CIK 0001026214

leadership confidence high sentiment neutral materiality 0.65

Freddie Mac appoints Diana Reid as CEO effective September 10, 2024

FEDERAL HOME LOAN MORTGAGE CORP

Diana Reid named CEO, effective immediately; she also joins the Board of Directors.
Interim CEO Michael Hutchins remains President; he leaves the Board.
Reid's base salary: $600,000 per year; relocation benefits offered with repayment provisions.
Reid brings 40+ years of real estate, banking, and capital markets experience; previously led PNC's real estate division.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Diana W. Reid

Member of the Board of Directors

FMCC · FEDERAL HOME LOAN MORTGAGE CORP

Effective: 2024-09-10
Filed: September 10, 2024, 7:59 PM ET

Ms. Reid also will become a member of Freddie Mac’s Board of Directors on September 10, 2024.

Departed

Michael Hutchins

Member of the Board of Directors

FMCC · FEDERAL HOME LOAN MORTGAGE CORP

Effective: 2024-09-10
Filed: September 10, 2024, 7:59 PM ET

Mr. Hutchins will leave the Freddie Mac Board of Directors concurrent with Ms. Reid’s appointment.

Role change

Michael Hutchins

President

FMCC · FEDERAL HOME LOAN MORTGAGE CORP

Effective: 2024-09-10
Filed: September 10, 2024, 7:59 PM ET

President and Interim CEO Michael Hutchins will continue as Freddie Mac's President.

Appointed

Diana W. Reid

Chief Executive Officer

FMCC · FEDERAL HOME LOAN MORTGAGE CORP

Effective: 2024-09-10
Filed: September 10, 2024, 7:59 PM ET

Diana W. Reid has been appointed as Chief Executive Officer, effective September 10, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Diana W. Reid was appointed as Member of the Board of Directors at FEDERAL HOME LOAN MORTGAGE CORP.

Action: appointed
Role: Member of the Board of Directors

Exact text from the filing

Ms. Reid also will become a member of Freddie Mac’s Board of Directors on September 10, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Hutchins departed as Member of the Board of Directors at FEDERAL HOME LOAN MORTGAGE CORP.

Action: leave
Role: Member of the Board of Directors

Exact text from the filing

Mr. Hutchins will leave the Freddie Mac Board of Directors concurrent with Ms. Reid’s appointment.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.7

Michael Hutchins changed role as President at FEDERAL HOME LOAN MORTGAGE CORP.

Action: continues as
Role: President

Exact text from the filing

President and Interim CEO Michael Hutchins will continue as Freddie Mac's President.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Diana W. Reid was appointed as Chief Executive Officer at FEDERAL HOME LOAN MORTGAGE CORP.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Diana W. Reid has been appointed as Chief Executive Officer, effective September 10, 2024.

View on SEC.gov

FEDERAL HOME LOAN MORTGAGE CORP filing history →

Source: SEC EDGAR

accession 0001026214-24-000087

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