--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-26-100622" form_type: "8-K" ticker: "TWO" cik: "0001465740" company_name: "TWO HARBORS INVESTMENT CORP." filed_at: "2026-08-25T15:12:18+00:00" generated_at: "2026-08-25T15:13:15.428456+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Two Harbors completes $12.00/share merger with CrossCountry Mortgage; delists ## Summary - Merger completed Aug 25, 2026: TWO stockholders receive $12.00/share cash plus $0.20326 stub dividend. - TWO common stock delisted from NYSE; company becomes wholly owned subsidiary of CrossCountry Mortgage. - Preferred stock to be redeemed at $25.00/share plus dividends; ~$622M aggregate consideration. - 9.375% Senior Notes due 2030 to be repurchased at 104% of $115M principal; ~$120M consideration. - Board changes: all prior directors ceased; Ron Leonhardt became director. ## SEC filing metadata - accession: 0001104659-26-100622 - form_type: 8-K - ticker: TWO - cik: 0001465740 - company_name: TWO HARBORS INVESTMENT CORP. - filed_at: 2026-08-25T15:12:18+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1465740/000110465926100622/0001104659-26-100622-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1465740/000110465926100622/tm2621794d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-26-100622 - JSON: https://secwatch.observer/filing/0001104659-26-100622.json - Plain text: https://secwatch.observer/filing/0001104659-26-100622.txt ## Key facts - Executive change Hope B. Woodhouse departed as Director at TWO HARBORS INVESTMENT CORP.. - Action: ceased to serve - Role: Director source text: each of E. Spencer Abraham, James J. Bender, Sanjiv Das, William Greenberg, Karen Hammond, Stephen G. Kasnet, James A. Stern and Hope B. Woodhouse ceased to serve as directors of TWO evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926100622/0001104659-26-100622-index.htm - Executive change Sanjiv Das departed as Director at TWO HARBORS INVESTMENT CORP.. - Action: ceased to serve - Role: Director source text: each of E. Spencer Abraham, James J. Bender, Sanjiv Das, William Greenberg, Karen Hammond, Stephen G. Kasnet, James A. Stern and Hope B. Woodhouse ceased to serve as directors of TWO evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926100622/0001104659-26-100622-index.htm - Executive change Ron Leonhardt was appointed as Director at TWO HARBORS INVESTMENT CORP.. - Action: became - Role: Director source text: Ron Leonhardt, who was the director of Merger Sub immediately prior to the Effective Time, became the director of TWO. evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926100622/0001104659-26-100622-index.htm - Executive change Stephen G. Kasnet departed as Director at TWO HARBORS INVESTMENT CORP.. - Action: ceased to serve - Role: Director source text: each of E. Spencer Abraham, James J. Bender, Sanjiv Das, William Greenberg, Karen Hammond, Stephen G. Kasnet, James A. Stern and Hope B. Woodhouse ceased to serve as directors of TWO evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926100622/0001104659-26-100622-index.htm - Executive change Karen Hammond departed as Director at TWO HARBORS INVESTMENT CORP.. - Action: ceased to serve - Role: Director source text: each of E. Spencer Abraham, James J. Bender, Sanjiv Das, William Greenberg, Karen Hammond, Stephen G. Kasnet, James A. Stern and Hope B. Woodhouse ceased to serve as directors of TWO evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926100622/0001104659-26-100622-index.htm - Executive change James J. Bender departed as Director at TWO HARBORS INVESTMENT CORP.. - Action: ceased to serve - Role: Director source text: each of E. Spencer Abraham, James J. Bender, Sanjiv Das, William Greenberg, Karen Hammond, Stephen G. Kasnet, James A. Stern and Hope B. Woodhouse ceased to serve as directors of TWO evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926100622/0001104659-26-100622-index.htm - Executive change E. Spencer Abraham departed as Director at TWO HARBORS INVESTMENT CORP.. - Action: ceased to serve - Role: Director source text: each of E. Spencer Abraham, James J. Bender, Sanjiv Das, William Greenberg, Karen Hammond, Stephen G. Kasnet, James A. Stern and Hope B. Woodhouse ceased to serve as directors of TWO evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926100622/0001104659-26-100622-index.htm - Executive change James A. Stern departed as Director at TWO HARBORS INVESTMENT CORP.. - Action: ceased to serve - Role: Director source text: each of E. Spencer Abraham, James J. Bender, Sanjiv Das, William Greenberg, Karen Hammond, Stephen G. Kasnet, James A. Stern and Hope B. Woodhouse ceased to serve as directors of TWO evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926100622/0001104659-26-100622-index.htm - Executive change William Greenberg departed as Director at TWO HARBORS INVESTMENT CORP.. - Action: ceased to serve - Role: Director source text: each of E. Spencer Abraham, James J. Bender, Sanjiv Das, William Greenberg, Karen Hammond, Stephen G. Kasnet, James A. Stern and Hope B. Woodhouse ceased to serve as directors of TWO evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926100622/0001104659-26-100622-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.