secwatch.observer — SEC 8-K summary
======================================

Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K/A
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0001193125-23-002891
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Chimera Investment Corp discloses severance terms for departed CEO Mohit Marria: $7.7M
--------------------------------------------------------------------------------

- Mohit Marria separated as CEO and CIO effective Dec 10, 2022; resignation from Board same date.
- Separation agreement entered Dec 31, 2022 provides pay in lieu of notice of ~$185,000.
- Severance pay of approximately $7.7 million, to be paid over 18 months.
- Company will reimburse up to $7,000 of legal fees incurred by Marria.
- Payments are pursuant to existing employment agreement for termination without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000119312523002891/0001193125-23-002891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000119312523002891/d425441d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-002891

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer