--- 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" generated_at: "2026-09-10T20:10:23.124864+00:00" event_type: "leadership" sentiment: "negative" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Two Harbors CFO, CIO, CLO, CRO, CAO depart; CEO to leave Oct 2; new CFO appointed ## Summary - 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. ## SEC filing metadata - 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 - event_type: leadership - sentiment: negative - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 5.02 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-26-106707 - JSON: https://secwatch.observer/filing/0001104659-26-106707.json - Plain text: https://secwatch.observer/filing/0001104659-26-106707.txt ## Key facts - Executive change Alecia Hanson was terminated as Vice President and Chief Administrative Officer at TWO HARBORS INVESTMENT CORP.. - Action: terminated - Role: Vice President and Chief Administrative Officer source text: 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_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm - Executive change Nicholas Letica was terminated as Vice President and Chief Investment Officer at TWO HARBORS INVESTMENT CORP.. - Action: terminated - Role: Vice President and Chief Investment Officer source text: 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_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm - Executive change Robert Rush was terminated as Vice President and Chief Risk Officer at TWO HARBORS INVESTMENT CORP.. - Action: terminated - Role: Vice President and Chief Risk Officer source text: 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_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm - Executive change Rebecca Sandberg was terminated as Vice President, Chief Legal Officer, Secretary and Chief Compliance Officer at TWO HARBORS INVESTMENT CORP.. - Action: terminated - Role: Vice President, Chief Legal Officer, Secretary and Chief Compliance Officer source text: 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_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm - Executive change Madhur Agarwal was appointed as Chief Financial Officer at TWO HARBORS INVESTMENT CORP.. - Action: appointed - Role: Chief Financial Officer source text: On September 4, 2026, TWO appointed Madhur Agarwal as its Chief Financial Officer, effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm - Executive change William Greenberg departed as Chief Executive Officer at TWO HARBORS INVESTMENT CORP.. - Action: expected to terminate - Role: Chief Executive Officer source text: 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_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm - Executive change William Dellal was terminated as Vice President, Chief Financial Officer at TWO HARBORS INVESTMENT CORP.. - Action: terminated - Role: Vice President, Chief Financial Officer source text: 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_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465926106707/0001104659-26-106707-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.