secwatch.observer — SEC 8-K summary
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Issuer:     TWO HARBORS INVESTMENT CORP. (TWO)
CIK:        0001465740
Form:       8-K
Filed at:   2023-09-21T23:59:59+00:00
Accession:  0001104659-23-102838
Event type: other_material
Sentiment:  neutral
Materiality: 0.10
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Two Harbors adopts amended clawback policy effective Dec 1, 2023 to comply with SEC/NYSE rules
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- Board approved amended Incentive Compensation Recoupment Policy on September 19, 2023.
- Policy requires mandatory recovery of erroneously awarded incentive compensation from current/former executive officers upon an accounting restatement.
- Effective date December 1, 2023; applies to incentive compensation received during the three-year lookback period.
- Also allows discretionary recoupment for detrimental conduct causing material harm to the Company.
- No indemnification for recouped amounts; Company cannot pay insurance premiums for coverage against clawback.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465740/000110465923102838/0001104659-23-102838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465740/000110465923102838/tm2326620d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-102838

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