{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-106707","form_type":"8-K","ticker":"TWO","cik":"0001465740","company_name":"TWO HARBORS INVESTMENT CORP.","filed_at":"2026-09-10T20:07:39+00:00","discovered_at":"2026-09-10T20:10:10.205993+00:00","generated_at":"2026-09-10T20:10:23.124864+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Two Harbors CFO, CIO, CLO, CRO, CAO depart; CEO to leave Oct 2; new CFO appointed","bullets":["On Sept 4, 2026, CFO William Dellal, CIO Nicholas Letica, CLO Rebecca Sandberg, CRO Robert Rush, and CAO Alecia Hanson terminated immediately.","CEO William Greenberg to remain until Oct 2, 2026, then terminate; all departures are Qualifying Terminations under Severance Plan.","Madhur Agarwal appointed CFO effective Sept 4, 2026; he also serves as CFO of parent CrossCountry Mortgage, LLC since 2021.","Agarwal will receive no compensation from TWO; his CCM compensation unchanged; no conflicts or family relationships disclosed."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-106707","json":"https://secwatch.observer/filing/0001104659-26-106707.json","markdown":"https://secwatch.observer/filing/0001104659-26-106707.md","text":"https://secwatch.observer/filing/0001104659-26-106707.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/tm2625042d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-10T20:10:23.124864+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"114eae81e4","claim":"Alecia Hanson was terminated as Vice President and Chief Administrative Officer at TWO HARBORS INVESTMENT CORP..","evidence_excerpt":"On September 4, 2026, each of William Dellal, Vice President, Chief Financial Officer; Nicholas Letica, Vice President and Chief Investment Officer; Rebecca Sandberg, Vice President, Chief Legal Officer, Secretary and Chief Compliance Officer; Robert Rush, Vice President and Chief Risk Officer; and Alecia Hanson, Vice President and Chief Administrative Officer terminated employment with Two Harbors Investment Corp. (“TWO”), effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Vice President and Chief Administrative Officer"}],"fact_type":"executive_change"},{"claim_id":"1280cbbd56","claim":"Nicholas Letica was terminated as Vice President and Chief Investment Officer at TWO HARBORS INVESTMENT CORP..","evidence_excerpt":"On September 4, 2026, each of William Dellal, Vice President, Chief Financial Officer; Nicholas Letica, Vice President and Chief Investment Officer; Rebecca Sandberg, Vice President, Chief Legal Officer, Secretary and Chief Compliance Officer; Robert Rush, Vice President and Chief Risk Officer; and Alecia Hanson, Vice President and Chief Administrative Officer terminated employment with Two Harbors Investment Corp. (“TWO”), effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Vice President and Chief Investment Officer"}],"fact_type":"executive_change"},{"claim_id":"2bd514423f","claim":"Robert Rush was terminated as Vice President and Chief Risk Officer at TWO HARBORS INVESTMENT CORP..","evidence_excerpt":"On September 4, 2026, each of William Dellal, Vice President, Chief Financial Officer; Nicholas Letica, Vice President and Chief Investment Officer; Rebecca Sandberg, Vice President, Chief Legal Officer, Secretary and Chief Compliance Officer; Robert Rush, Vice President and Chief Risk Officer; and Alecia Hanson, Vice President and Chief Administrative Officer terminated employment with Two Harbors Investment Corp. (“TWO”), effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Vice President and Chief Risk Officer"}],"fact_type":"executive_change"},{"claim_id":"31f5ad8798","claim":"Rebecca Sandberg was terminated as Vice President, Chief Legal Officer, Secretary and Chief Compliance Officer at TWO HARBORS INVESTMENT CORP..","evidence_excerpt":"On September 4, 2026, each of William Dellal, Vice President, Chief Financial Officer; Nicholas Letica, Vice President and Chief Investment Officer; Rebecca Sandberg, Vice President, Chief Legal Officer, Secretary and Chief Compliance Officer; Robert Rush, Vice President and Chief Risk Officer; and Alecia Hanson, Vice President and Chief Administrative Officer terminated employment with Two Harbors Investment Corp. (“TWO”), effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Vice President, Chief Legal Officer, Secretary and Chief Compliance Officer"}],"fact_type":"executive_change"},{"claim_id":"3c7a33095f","claim":"Madhur Agarwal was appointed as Chief Financial Officer at TWO HARBORS INVESTMENT CORP..","evidence_excerpt":"On September 4, 2026, TWO appointed Madhur Agarwal as its Chief Financial Officer, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"438c0ffbd9","claim":"William Greenberg departed as Chief Executive Officer at TWO HARBORS INVESTMENT CORP..","evidence_excerpt":"William Greenberg will continue to serve as TWO’s Chief Executive Officer until October 2, 2026, on which date his employment is expected to terminate.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"expected to terminate"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"4db1723036","claim":"William Dellal was terminated as Vice President, Chief Financial Officer at TWO HARBORS INVESTMENT CORP..","evidence_excerpt":"On September 4, 2026, each of William Dellal, Vice President, Chief Financial Officer; Nicholas Letica, Vice President and Chief Investment Officer; Rebecca Sandberg, Vice President, Chief Legal Officer, Secretary and Chief Compliance Officer; Robert Rush, Vice President and Chief Risk Officer; and Alecia Hanson, Vice President and Chief Administrative Officer terminated employment with Two Harbors Investment Corp. (“TWO”), effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Vice President, Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}