---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-302318"
form_type: "8-K"
ticker: "CIM"
cik: "0001409493"
company_name: "CHIMERA INVESTMENT CORP"
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T06:04:25.538917+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Chimera appoints new CEO and co-CIOs; CEO/CIO Mohit Marria steps down

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-302318
- form_type: 8-K
- ticker: CIM
- cik: 0001409493
- company_name: CHIMERA INVESTMENT CORP
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409493/000119312522302318/0001193125-22-302318-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409493/000119312522302318/d424755d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-302318
- JSON: https://secwatch.observer/filing/0001193125-22-302318.json
- Plain text: https://secwatch.observer/filing/0001193125-22-302318.txt

## Key facts
- Executive change
  Mohit Marria resigned as Chief Executive Officer at CHIMERA INVESTMENT CORP.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409493/000119312522302318/0001193125-22-302318-index.htm
- Executive change
  Phillip J. Kardis II resigned as Secretary at CHIMERA INVESTMENT CORP.
  - Action: resigned
  - Role: Secretary
  source text: Mr. Kardis concurrently resigned from his roles as CLO and Secretary
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409493/000119312522302318/0001193125-22-302318-index.htm
- Executive change
  Mohit Marria resigned as Chief Investment Officer at CHIMERA INVESTMENT CORP.
  - Action: resigned
  - Role: Chief Investment Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409493/000119312522302318/0001193125-22-302318-index.htm
- Executive change
  Mohit Marria resigned as Director at CHIMERA INVESTMENT CORP.
  - Action: resigned
  - Role: Director
  source text: Additionally, Mr. Marria resigned from the Company’s Board of Directors (the "Board"), effective December 10, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409493/000119312522302318/0001193125-22-302318-index.htm
- Executive change
  Phillip J. Kardis II was elected as Class III Director at CHIMERA INVESTMENT CORP.
  - Action: elected
  - Role: Class III Director
  source text: the Board has also elected Mr. Kardis to the Board as a Class III director, effective December 10, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409493/000119312522302318/0001193125-22-302318-index.htm
- Executive change
  Choudhary Yarlagadda was appointed as co-Chief Investment Officer at CHIMERA INVESTMENT CORP.
  - Action: appointed
  - Role: co-Chief Investment Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409493/000119312522302318/0001193125-22-302318-index.htm
- Executive change
  Phillip J. Kardis II was appointed as Chief Executive Officer at CHIMERA INVESTMENT CORP.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409493/000119312522302318/0001193125-22-302318-index.htm
- Executive change
  Phillip J. Kardis II resigned as Chief Legal Officer at CHIMERA INVESTMENT CORP.
  - Action: resigned
  - Role: Chief Legal Officer
  source text: Mr. Kardis concurrently resigned from his roles as CLO and Secretary
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409493/000119312522302318/0001193125-22-302318-index.htm

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