---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-009272"
form_type: "8-K"
ticker: "CIM"
cik: "0001409493"
company_name: "CHIMERA INVESTMENT CORP"
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:31:11.666167+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-009272
- form_type: 8-K
- ticker: CIM
- cik: 0001409493
- company_name: CHIMERA INVESTMENT CORP
- filed_at: 2024-01-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409493/000119312524009272/0001193125-24-009272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409493/000119312524009272/d726079d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-009272
- JSON: https://secwatch.observer/filing/0001193125-24-009272.json
- Plain text: https://secwatch.observer/filing/0001193125-24-009272.txt

## Key facts
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409493/000119312524009272/0001193125-24-009272-index.htm

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