Choudhary Yarlagadda to retire as President & COO of Chimera Investment, effective March 31, 2024

CHIMERA INVESTMENT CORP

Yarlagadda resigns as President, COO, Co-CIO and Board member; mutually agreed retirement.
Board reduces size by one director effective on his separation date.
He will assist with transition through scheduled last day; no disagreements with Company.
Retirement benefits include full vesting of time-based RSUs, continued PSU vesting, and COBRA reimbursement for 12 months.
Promotion RSUs remain eligible to vest; noncompete waived; up to $6,000 legal fees reimbursed.

item 5.02 item 9.01

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Departed

Choudhary Yarlagadda

President, Chief Operating Officer and Co-Chief Investment Officer

CIM · CHIMERA INVESTMENT CORP

Effective: 2024-03-31
Filed: January 17, 2024, 6:59 PM ET

Choudhary Yarlagadda mutually agreed that Mr. Yarlagadda will retire from employment with the Company and resign from the Board of Directors of the Company (the “ Board ”), effective (i) March 31, 2024

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Choudhary Yarlagadda retired as President, Chief Operating Officer and Co-Chief Investment Officer at CHIMERA INVESTMENT CORP.

Action: retired
Role: President, Chief Operating Officer and Co-Chief Investment Officer

Exact text from the filing

Choudhary Yarlagadda mutually agreed that Mr. Yarlagadda will retire from employment with the Company and resign from the Board of Directors of the Company (the “ Board ”), effective (i) March 31, 2024

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CHIMERA INVESTMENT CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-009272

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