Cherry Hill Mortgage internalizes management, terminates external manager, hires execs

Cherry Hill Mortgage Investment Corp

Management agreement terminated Nov 14, 2024; no termination fee; no future management fees to external manager.
CEO Lown $1.235M base salary, CFO Hutchby $600K, CIO Evans $550K + $275K Q1 2025 bonus, all through Dec 2025.
Special committee concluded strategic review; board decided to continue as internally managed residential mortgage REIT.
Company expects reduced expenses and enhanced earnings profile as internally managed REIT.
Executives employed at-will; compensation mirrors prior arrangements with former manager affiliate.

item 1.02 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

Julian B. Evans

Chief Investment Officer

CHMI · Cherry Hill Mortgage Investment Corp

Effective: 2024-11-14
Filed: November 20, 2024, 6:59 PM ET

the Company employed a senior management team comprised of its current executive officers, Jeffrey B. Lown II, the Company’s President and Chief Executive Officer, Michael A. Hutchby, the Company’s Chief Financial Officer, and Julian B. Evans, the Company’s Chief Investment Officer.

Appointed

Jeffrey B. Lown II

President and Chief Executive Officer

CHMI · Cherry Hill Mortgage Investment Corp

Effective: 2024-11-14
Filed: November 20, 2024, 6:59 PM ET

the Company employed a senior management team comprised of its current executive officers, Jeffrey B. Lown II, the Company’s President and Chief Executive Officer, Michael A. Hutchby, the Company’s Chief Financial Officer, and Julian B. Evans, the Company’s Chief Investment Officer.

Appointed

Michael A. Hutchby

Chief Financial Officer

CHMI · Cherry Hill Mortgage Investment Corp

Effective: 2024-11-14
Filed: November 20, 2024, 6:59 PM ET

the Company employed a senior management team comprised of its current executive officers, Jeffrey B. Lown II, the Company’s President and Chief Executive Officer, Michael A. Hutchby, the Company’s Chief Financial Officer, and Julian B. Evans, the Company’s Chief Investment Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Julian B. Evans was appointed as Chief Investment Officer at Cherry Hill Mortgage Investment Corp.

Action: employed
Role: Chief Investment Officer

Exact text from the filing

the Company employed a senior management team comprised of its current executive officers, Jeffrey B. Lown II, the Company’s President and Chief Executive Officer, Michael A. Hutchby, the Company’s Chief Financial Officer, and Julian B. Evans, the Company’s Chief Investment Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey B. Lown II was appointed as President and Chief Executive Officer at Cherry Hill Mortgage Investment Corp.

Action: employed
Role: President and Chief Executive Officer

Exact text from the filing

the Company employed a senior management team comprised of its current executive officers, Jeffrey B. Lown II, the Company’s President and Chief Executive Officer, Michael A. Hutchby, the Company’s Chief Financial Officer, and Julian B. Evans, the Company’s Chief Investment Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael A. Hutchby was appointed as Chief Financial Officer at Cherry Hill Mortgage Investment Corp.

Action: employed
Role: Chief Financial Officer

Exact text from the filing

the Company employed a senior management team comprised of its current executive officers, Jeffrey B. Lown II, the Company’s President and Chief Executive Officer, Michael A. Hutchby, the Company’s Chief Financial Officer, and Julian B. Evans, the Company’s Chief Investment Officer.

View on SEC.gov

Cherry Hill Mortgage Investment Corp filing history →

Source: SEC EDGAR

accession 0001140361-24-047384

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