8-K
filed December 12, 2022, 6:59 PM ET
ticker CIM
CIK 0001409493
leadership
confidence high
sentiment neutral
materiality 0.70
Chimera appoints new CEO and co-CIOs; CEO/CIO Mohit Marria steps down
CHIMERA INVESTMENT CORP
- Mohit Marria stepped down as CEO, CIO and director effective Dec 10, 2022; severance per existing agreement.
- Phillip J. Kardis II appointed CEO and Class III director; previously CLO and Secretary.
- Choudhary Yarlagadda (President/COO) and Dan Thakkar (CRO) appointed co-CIOs.
- Board separates CEO and CIO roles to strengthen performance amid changing market dynamics.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mohit Marria resigned as Chief Executive Officer at CHIMERA INVESTMENT CORP.
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
On December 10, 2022, it was determined that Mr. Marria will separate from employment with the Company as the Company’s Chief Executive Officer ("CEO") and Chief Investment Officer ("CIO"), effective December 10, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Phillip J. Kardis II resigned as Secretary at CHIMERA INVESTMENT CORP.
- Action
- resigned
- Role
- Secretary
Exact text from the filing
Mr. Kardis concurrently resigned from his roles as CLO and Secretary
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mohit Marria resigned as Chief Investment Officer at CHIMERA INVESTMENT CORP.
- Action
- resigned
- Role
- Chief Investment Officer
Exact text from the filing
On December 10, 2022, it was determined that Mr. Marria will separate from employment with the Company as the Company’s Chief Executive Officer ("CEO") and Chief Investment Officer ("CIO"), effective December 10, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mohit Marria resigned as Director at CHIMERA INVESTMENT CORP.
- Action
- resigned
- Role
- Director
Exact text from the filing
Additionally, Mr. Marria resigned from the Company’s Board of Directors (the "Board"), effective December 10, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Phillip J. Kardis II was elected as Class III Director at CHIMERA INVESTMENT CORP.
- Action
- elected
- Role
- Class III Director
Exact text from the filing
the Board has also elected Mr. Kardis to the Board as a Class III director, effective December 10, 2022
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Choudhary Yarlagadda was appointed as co-Chief Investment Officer at CHIMERA INVESTMENT CORP.
- Action
- appointed
- Role
- co-Chief Investment Officer
Exact text from the filing
the Board appointed Choudhary Yarlagadda, who currently serves as the Company’s President and Chief Operating Officer ("COO") and a Class III director, to serve as the Company’s co-CIO, effective December 10, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Phillip J. Kardis II was appointed as Chief Executive Officer at CHIMERA INVESTMENT CORP.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Board appointed Phillip J. Kardis II, who currently serves as the Company’s Chief Legal Officer ("CLO") and Secretary, to serve as CEO, effective December 10, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Phillip J. Kardis II resigned as Chief Legal Officer at CHIMERA INVESTMENT CORP.
- Action
- resigned
- Role
- Chief Legal Officer
Exact text from the filing
Mr. Kardis concurrently resigned from his roles as CLO and Secretary
View on SEC.gov
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