---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-047384"
form_type: "8-K"
ticker: "CHMI"
cik: "0001571776"
company_name: "Cherry Hill Mortgage Investment Corp"
filed_at: "2024-11-20T23:59:59+00:00"
generated_at: "2026-05-29T21:48:32.907755+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-047384
- form_type: 8-K
- ticker: CHMI
- cik: 0001571776
- company_name: Cherry Hill Mortgage Investment Corp
- filed_at: 2024-11-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1571776/000114036124047384/0001140361-24-047384-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1571776/000114036124047384/ef20038920_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-047384
- JSON: https://secwatch.observer/filing/0001140361-24-047384.json
- Plain text: https://secwatch.observer/filing/0001140361-24-047384.txt

## Key facts
- Executive change
  Julian B. Evans was appointed as Chief Investment Officer at Cherry Hill Mortgage Investment Corp.
  - Action: employed
  - Role: Chief Investment Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571776/000114036124047384/0001140361-24-047384-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571776/000114036124047384/0001140361-24-047384-index.htm
- Executive change
  Michael A. Hutchby was appointed as Chief Financial Officer at Cherry Hill Mortgage Investment Corp.
  - Action: employed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571776/000114036124047384/0001140361-24-047384-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.